Sequoia Financial Advisors LLC Purchases Shares of 18,048 Peoples Bancorp Inc. $PEBO

Sequoia Financial Advisors LLC acquired a new position in Peoples Bancorp Inc. (NASDAQ:PEBO) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 18,048 shares of the bank’s stock, valued at approximately $541,000.

A number of other large investors also recently modified their holdings of the company. State of Alaska Department of Revenue bought a new stake in Peoples Bancorp in the 3rd quarter worth approximately $42,000. Strs Ohio purchased a new position in shares of Peoples Bancorp during the first quarter worth approximately $62,000. Nisa Investment Advisors LLC lifted its holdings in shares of Peoples Bancorp by 31.9% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,931 shares of the bank’s stock worth $90,000 after acquiring an additional 709 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Peoples Bancorp by 1,191.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,718 shares of the bank’s stock valued at $114,000 after purchasing an additional 3,430 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new stake in shares of Peoples Bancorp in the 2nd quarter valued at $204,000. 60.68% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Peoples Bancorp

In other news, Director W Glenn Hogan purchased 1,000 shares of Peoples Bancorp stock in a transaction that occurred on Friday, November 7th. The stock was bought at an average price of $28.49 per share, with a total value of $28,490.00. Following the completion of the transaction, the director directly owned 535,239 shares of the company’s stock, valued at approximately $15,248,959.11. The trade was a 0.19% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Carol A. Schneeberger sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, January 8th. The shares were sold at an average price of $30.60, for a total value of $30,600.00. Following the completion of the transaction, the director directly owned 22,204 shares in the company, valued at $679,442.40. This trade represents a 4.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have bought 4,267 shares of company stock valued at $125,231. 3.41% of the stock is owned by insiders.

Peoples Bancorp Stock Performance

Shares of PEBO opened at $31.70 on Tuesday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.19. The stock has a market cap of $1.13 billion, a P/E ratio of 10.60 and a beta of 0.65. The business’s 50 day moving average price is $30.62 and its 200-day moving average price is $30.07. Peoples Bancorp Inc. has a 52 week low of $26.21 and a 52 week high of $33.83.

Peoples Bancorp (NASDAQ:PEBO) last announced its quarterly earnings data on Tuesday, January 20th. The bank reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.05. Peoples Bancorp had a return on equity of 9.61% and a net margin of 17.27%.The business had revenue of $119.57 million during the quarter, compared to analysts’ expectations of $117.97 million. Equities research analysts anticipate that Peoples Bancorp Inc. will post 3.28 earnings per share for the current fiscal year.

Peoples Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 17th. Investors of record on Monday, February 2nd will be paid a $0.41 dividend. The ex-dividend date is Monday, February 2nd. This represents a $1.64 dividend on an annualized basis and a yield of 5.2%. Peoples Bancorp’s payout ratio is presently 54.85%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on PEBO shares. DA Davidson set a $35.00 target price on shares of Peoples Bancorp in a research report on Wednesday, January 21st. Weiss Ratings downgraded Peoples Bancorp from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Piper Sandler lowered their price target on shares of Peoples Bancorp from $36.00 to $33.50 and set an “overweight” rating for the company in a report on Wednesday, October 22nd. Finally, Wall Street Zen raised Peoples Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, October 25th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $33.63.

Peoples Bancorp Profile

Peoples Bancorp, Inc is a bank holding company headquartered in Marietta, Ohio. Through its subsidiary Peoples Bank, the company provides a comprehensive range of commercial and consumer banking services designed to serve individuals, businesses and institutional clients. Its deposit products include checking and savings accounts, money market accounts, certificates of deposit and digital banking platforms that enable secure online and mobile access.

On the lending side, Peoples Bancorp offers commercial and industrial loans, commercial real estate financing, construction and agricultural lending, as well as residential mortgage products.