SG Americas Securities LLC Increases Stock Holdings in Peoples Bancorp Inc. (NASDAQ:PEBO)

SG Americas Securities LLC increased its holdings in Peoples Bancorp Inc. (NASDAQ:PEBO) by 44.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,008 shares of the bank’s stock after purchasing an additional 3,690 shares during the period. SG Americas Securities LLC’s holdings in Peoples Bancorp were worth $381,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. State Street Corp grew its position in shares of Peoples Bancorp by 1.4% in the third quarter. State Street Corp now owns 1,027,413 shares of the bank’s stock valued at $30,915,000 after purchasing an additional 14,426 shares during the period. Geode Capital Management LLC grew its position in shares of Peoples Bancorp by 2.7% in the third quarter. Geode Capital Management LLC now owns 850,654 shares of the bank’s stock valued at $25,601,000 after purchasing an additional 22,285 shares during the period. Wellington Management Group LLP grew its position in shares of Peoples Bancorp by 153.6% in the third quarter. Wellington Management Group LLP now owns 352,488 shares of the bank’s stock valued at $10,606,000 after purchasing an additional 213,488 shares during the period. Charles Schwab Investment Management Inc. grew its position in Peoples Bancorp by 1.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 295,203 shares of the bank’s stock valued at $8,883,000 after acquiring an additional 5,071 shares during the period. Finally, Foundry Partners LLC grew its position in Peoples Bancorp by 21.1% during the third 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 during the period. Hedge funds and other institutional investors own 60.68% of the company’s stock.

Analyst Ratings Changes

PEBO has been the subject of a number of research reports. Piper Sandler boosted their price target on Peoples Bancorp from $39.00 to $40.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. DA Davidson lowered their price target on Peoples Bancorp from $42.00 to $40.00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd. Stephens reissued an “equal weight” rating and set a $37.50 price target on shares of Peoples Bancorp in a research report on Wednesday, January 22nd. Finally, Keefe, Bruyette & Woods boosted their price target on Peoples Bancorp from $32.00 to $36.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $36.90.

Peoples Bancorp Trading Down 1.6 %

Shares of PEBO opened at $32.14 on Tuesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.83 and a quick ratio of 0.83. Peoples Bancorp Inc. has a 12 month low of $26.74 and a 12 month high of $37.07. The stock’s 50-day moving average is $32.83 and its two-hundred day moving average is $31.99. The stock has a market cap of $1.14 billion, a PE ratio of 9.71 and a beta of 0.79.

Peoples Bancorp (NASDAQ:PEBO) last posted its earnings results on Tuesday, January 21st. The bank reported $0.76 EPS for the quarter, beating the consensus estimate of $0.75 by $0.01. Peoples Bancorp had a return on equity of 11.07% and a net margin of 18.90%. During the same quarter last year, the firm earned $1.04 earnings per share. Equities analysts forecast that Peoples Bancorp Inc. will post 3.28 earnings per share for the current fiscal year.

Peoples Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be given a dividend of $0.40 per share. The ex-dividend date is Monday, February 3rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.98%. Peoples Bancorp’s dividend payout ratio (DPR) is presently 48.34%.

Insider Activity

In other news, Director David F. Dierker sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $35.36, for a total value of $70,720.00. Following the sale, the director now directly owns 1,214 shares of the company’s stock, valued at approximately $42,927.04. This trade represents a 62.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Carol A. Schneeberger sold 1,000 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $34.13, for a total value of $34,130.00. Following the completion of the sale, the director now directly owns 29,322 shares in the company, valued at approximately $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. In the last 90 days, insiders sold 12,000 shares of company stock worth $411,010. Insiders own 3.46% of the company’s stock.

About Peoples Bancorp

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.