Tudor Investment Corp ET AL Increases Position in Peoples Bancorp Inc. $PEBO

Tudor Investment Corp ET AL increased its position in shares of Peoples Bancorp Inc. (NASDAQ:PEBO) by 211.5% during the 3rd quarter, Holdings Channel reports. The firm owned 83,279 shares of the bank’s stock after acquiring an additional 56,548 shares during the period. Tudor Investment Corp ET AL’s holdings in Peoples Bancorp were worth $2,498,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Larson Financial Group LLC purchased a new stake in Peoples Bancorp in the 3rd quarter worth $30,000. Quarry LP bought a new stake in Peoples Bancorp during the third quarter valued at about $35,000. State of Alaska Department of Revenue purchased a new position in shares of Peoples Bancorp in the third quarter valued at about $42,000. Strs Ohio bought a new position in shares of Peoples Bancorp in the first quarter worth about $62,000. Finally, Accredited Wealth Management LLC boosted its stake in shares of Peoples Bancorp by 524.0% in the third quarter. Accredited Wealth Management LLC now owns 2,184 shares of the bank’s stock worth $65,000 after acquiring an additional 1,834 shares during the period. Hedge funds and other institutional investors own 60.68% of the company’s stock.

Peoples Bancorp Stock Down 0.8%

PEBO opened at $32.05 on Friday. The company has a market capitalization of $1.15 billion, a PE ratio of 10.72 and a beta of 0.68. The firm has a 50-day simple moving average of $32.53 and a two-hundred day simple moving average of $30.85. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.17. Peoples Bancorp Inc. has a 52 week low of $26.21 and a 52 week high of $34.33.

Peoples Bancorp (NASDAQ:PEBO) last posted its earnings results on Tuesday, January 20th. The bank reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.05. The company had revenue of $119.57 million for the quarter, compared to the consensus estimate of $117.97 million. Peoples Bancorp had a return on equity of 9.51% and a net margin of 17.27%. Analysts forecast that Peoples Bancorp Inc. will post 3.28 earnings per share for the current fiscal year.

Peoples Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Monday, February 2nd were issued a $0.41 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 5.1%. Peoples Bancorp’s dividend payout ratio (DPR) is 54.85%.

Insider Buying and Selling at Peoples Bancorp

In other news, EVP Michael Ryan Kirkham sold 986 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $32.47, for a total value of $32,015.42. Following the sale, the executive vice president directly owned 16,289 shares in the company, valued at $528,903.83. The trade was a 5.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Carol A. Schneeberger sold 1,895 shares of the company’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $31.37, for a total transaction of $59,446.15. Following the sale, the director owned 19,309 shares in the company, valued at $605,723.33. This represents a 8.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 5,881 shares of company stock worth $187,392 in the last 90 days. 3.31% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PEBO. DA Davidson set a $35.00 target price on Peoples Bancorp in a research note on Wednesday, January 21st. Weiss Ratings upgraded Peoples Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, January 27th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $33.63.

Peoples Bancorp Company 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.