Peoples Bancorp Inc. (NASDAQ:PEBO) Shares Purchased by Jane Street Group LLC

Jane Street Group LLC increased its position in shares of Peoples Bancorp Inc. (NASDAQ:PEBO) by 55.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 56,345 shares of the bank’s stock after purchasing an additional 20,173 shares during the quarter. Jane Street Group LLC’s holdings in Peoples Bancorp were worth $1,695,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PEBO. nVerses Capital LLC purchased a new stake in shares of Peoples Bancorp during the second quarter worth $27,000. FMR LLC grew its stake in Peoples Bancorp by 42.0% during the 3rd quarter. FMR LLC now owns 1,252 shares of the bank’s stock valued at $38,000 after acquiring an additional 370 shares in the last quarter. Innealta Capital LLC acquired a new stake in Peoples Bancorp in the 2nd quarter valued at about $46,000. CWM LLC raised its holdings in Peoples Bancorp by 503.9% in the 3rd quarter. CWM LLC now owns 1,860 shares of the bank’s stock valued at $56,000 after acquiring an additional 1,552 shares during the last quarter. Finally, Quest Partners LLC lifted its stake in Peoples Bancorp by 20,273.3% in the 2nd quarter. Quest Partners LLC now owns 3,056 shares of the bank’s stock worth $92,000 after purchasing an additional 3,041 shares in the last quarter. Hedge funds and other institutional investors own 60.68% of the company’s stock.

Wall Street Analysts Forecast Growth

PEBO has been the subject of several analyst reports. Keefe, Bruyette & Woods upped their target price on Peoples Bancorp from $32.00 to $36.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Piper Sandler dropped their price objective on shares of Peoples Bancorp from $39.00 to $36.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Peoples Bancorp presently has an average rating of “Hold” and an average target price of $34.25.

Insider Activity at Peoples Bancorp

In related news, Director S Craig Beam sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $34.31, for a total transaction of $137,240.00. Following the sale, the director now directly owns 23,760 shares of the company’s stock, valued at $815,205.60. This represents a 14.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Carol A. Schneeberger sold 1,000 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $34.13, for a total value of $34,130.00. Following the sale, the director now directly owns 29,322 shares in the company, valued at $1,000,759.86. This represents a 3.30 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,445 shares of company stock worth $393,806. 3.46% of the stock is currently owned by company insiders.

Peoples Bancorp Stock Performance

Shares of Peoples Bancorp stock opened at $32.46 on Thursday. The business’s fifty day simple moving average is $33.60 and its 200-day simple moving average is $31.58. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.21. The firm has a market cap of $1.15 billion, a PE ratio of 9.25 and a beta of 0.77. Peoples Bancorp Inc. has a 52 week low of $26.74 and a 52 week high of $37.07.

Peoples Bancorp (NASDAQ:PEBO) last announced its quarterly earnings results on Tuesday, October 22nd. The bank reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.07. Peoples Bancorp had a net margin of 20.16% and a return on equity of 11.84%. The business had revenue of $158.41 million during the quarter, compared to analysts’ expectations of $112.30 million. During the same period last year, the business earned $1.06 earnings per share. Equities analysts forecast that Peoples Bancorp Inc. will post 3.31 earnings per share for the current year.

Peoples Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Monday, November 4th were paid a $0.40 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.93%. Peoples Bancorp’s payout ratio is presently 45.58%.

Peoples Bancorp Profile

Peoples Bancorp Inc operates as the holding company for Peoples Bank that provides commercial and consumer banking products and services. The company accepts various deposit products, including demand deposit accounts, savings accounts, money market accounts, certificates of deposit, and governmental deposits; and provides commercial and industrial, commercial real estate, construction, finance, residential real estate, and consumer indirect and direct loans, as well as home equity lines of credit and overdrafts.