Hennion & Walsh Asset Management Inc. Buys 3,593 Shares of Peoples Bancorp Inc. (NASDAQ:PEBO)

Hennion & Walsh Asset Management Inc. lifted its stake in shares of Peoples Bancorp Inc. (NASDAQ:PEBO) by 29.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 15,636 shares of the bank’s stock after acquiring an additional 3,593 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Peoples Bancorp were worth $496,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Foundry Partners LLC lifted its position in Peoples Bancorp by 21.1% in the 3rd quarter. Foundry Partners LLC now owns 162,956 shares of the bank’s stock valued at $4,903,000 after acquiring an additional 28,346 shares in the last quarter. Jane Street Group LLC lifted its position in Peoples Bancorp by 55.8% in the 3rd quarter. Jane Street Group LLC now owns 56,345 shares of the bank’s stock valued at $1,695,000 after acquiring an additional 20,173 shares in the last quarter. Barclays PLC lifted its position in Peoples Bancorp by 138.9% in the 3rd quarter. Barclays PLC now owns 63,096 shares of the bank’s stock valued at $1,898,000 after acquiring an additional 36,684 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in Peoples Bancorp by 34.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 57,078 shares of the bank’s stock valued at $1,717,000 after acquiring an additional 14,658 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Peoples Bancorp by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 850,654 shares of the bank’s stock valued at $25,601,000 after acquiring an additional 22,285 shares in the last quarter. Institutional investors own 60.68% of the company’s stock.

Insider Transactions at Peoples Bancorp

In other news, Director David F. Dierker sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $35.36, for a total transaction of $70,720.00. Following the completion of the sale, the director now owns 1,214 shares in the company, valued at $42,927.04. This trade represents a 62.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Carol A. Schneeberger sold 1,000 shares of Peoples Bancorp stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $34.13, for a total transaction of $34,130.00. Following the completion of the transaction, the director now owns 29,322 shares of the company’s stock, valued at $1,000,759.86. This represents a 3.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,420 shares of company stock worth $424,076 in the last quarter. Insiders own 3.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on PEBO. Keefe, Bruyette & Woods raised their price target on shares of Peoples Bancorp from $32.00 to $36.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Piper Sandler dropped their price target on shares of Peoples Bancorp from $39.00 to $36.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Peoples Bancorp presently has a consensus rating of “Hold” and a consensus target price of $34.25.

Peoples Bancorp Trading Up 0.2 %

NASDAQ:PEBO opened at $31.30 on Tuesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.83 and a current ratio of 0.83. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 8.92 and a beta of 0.79. Peoples Bancorp Inc. has a 52 week low of $26.74 and a 52 week high of $37.07. The firm has a 50-day moving average price of $33.39 and a two-hundred day moving average price of $31.90.

Peoples Bancorp (NASDAQ:PEBO) last posted its quarterly earnings data on Tuesday, October 22nd. The bank reported $0.89 EPS for the quarter, beating the consensus estimate of $0.82 by $0.07. The firm had revenue of $158.41 million during the quarter, compared to analyst estimates of $112.30 million. Peoples Bancorp had a net margin of 20.16% and a return on equity of 11.84%. During the same quarter last year, the business posted $1.06 EPS. On average, equities analysts expect that Peoples Bancorp Inc. will post 3.31 earnings per share for the current fiscal year.

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.