Foundry Partners LLC Purchases 1,987 Shares of Peoples Bancorp Inc. (NASDAQ:PEBO)

Foundry Partners LLC lifted its position in Peoples Bancorp Inc. (NASDAQ:PEBO) by 1.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 164,943 shares of the bank’s stock after buying an additional 1,987 shares during the period. Foundry Partners LLC’s holdings in Peoples Bancorp were worth $5,227,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its holdings in shares of Peoples Bancorp by 1.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 295,203 shares of the bank’s stock valued at $8,883,000 after purchasing an additional 5,071 shares in the last quarter. Quantbot Technologies LP lifted its holdings in Peoples Bancorp by 223.3% during the third quarter. Quantbot Technologies LP now owns 3,964 shares of the bank’s stock worth $119,000 after buying an additional 2,738 shares during the period. FMR LLC boosted its position 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. BNP Paribas Financial Markets boosted its position in Peoples Bancorp by 72.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 16,351 shares of the bank’s stock valued at $492,000 after acquiring an additional 6,869 shares in the last quarter. Finally, State Street Corp increased its holdings in shares of Peoples Bancorp by 1.4% in the 3rd quarter. State Street Corp now owns 1,027,413 shares of the bank’s stock valued at $30,915,000 after acquiring an additional 14,426 shares during the period. 60.68% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PEBO has been the topic of a number of recent research reports. Stephens reaffirmed an “equal weight” rating and set a $37.50 price objective on shares of Peoples Bancorp in a research report on Wednesday, January 22nd. DA Davidson lowered their price target on shares of Peoples Bancorp from $42.00 to $40.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. Finally, Piper Sandler boosted their price objective on shares of Peoples Bancorp from $39.00 to $40.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Peoples Bancorp has a consensus rating of “Hold” and a consensus target price of $38.38.

Insider Activity at Peoples Bancorp

In related news, Director Carol A. Schneeberger sold 1,000 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $32.83, for a total value of $32,830.00. Following the transaction, the director now owns 26,686 shares in the company, valued at approximately $876,101.38. This represents a 3.61 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 3,000 shares of company stock valued at $94,050 in the last ninety days. Company insiders own 3.41% of the company’s stock.

Peoples Bancorp Trading Down 1.0 %

Peoples Bancorp stock opened at $27.28 on Friday. 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 stock has a market cap of $973.08 million, a PE ratio of 8.24 and a beta of 0.63. The stock has a 50-day moving average of $31.20 and a two-hundred day moving average of $31.93. Peoples Bancorp Inc. has a one year low of $26.21 and a one year high of $37.07.

Peoples Bancorp (NASDAQ:PEBO) last released its earnings results on Tuesday, January 21st. The bank reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.01. Peoples Bancorp had a net margin of 18.90% and a return on equity of 11.07%. During the same period in the previous year, the firm posted $1.04 earnings per share. On average, research analysts anticipate that Peoples Bancorp Inc. will post 3.28 EPS for the current fiscal year.

Peoples Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.87%. The ex-dividend date of this dividend was Monday, February 3rd. Peoples Bancorp’s dividend payout ratio (DPR) is presently 48.34%.

Peoples Bancorp Company 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.