Jackson Creek Investment Advisors LLC Invests $1.82 Million in Peoples Bancorp Inc. $PEBO

Jackson Creek Investment Advisors LLC bought a new stake in shares of Peoples Bancorp Inc. (NASDAQ:PEBO) in the fourth quarter, Holdings Channel.com reports. The fund bought 60,507 shares of the bank’s stock, valued at approximately $1,817,000.

A number of other hedge funds have also recently made changes to their positions in PEBO. Larson Financial Group LLC bought a new stake in Peoples Bancorp during the 3rd quarter valued at about $30,000. Quarry LP bought a new position in Peoples Bancorp in the 3rd quarter worth about $35,000. Strs Ohio bought a new position in Peoples Bancorp in the 1st quarter worth about $62,000. Accredited Wealth Management LLC increased its position in shares of Peoples Bancorp by 524.0% during 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. Finally, Nisa Investment Advisors LLC increased its position in shares of Peoples Bancorp by 19.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,688 shares of the bank’s stock worth $81,000 after acquiring an additional 445 shares during the period. 60.68% of the stock is currently owned by institutional investors.

Peoples Bancorp Stock Performance

Shares of PEBO stock opened at $34.94 on Wednesday. The business’s fifty day simple moving average is $33.56 and its 200-day simple moving average is $32.09. The company has a market cap of $1.26 billion, a PE ratio of 11.20 and a beta of 0.63. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.15. Peoples Bancorp Inc. has a 12-month low of $27.49 and a 12-month high of $35.46.

Peoples Bancorp (NASDAQ:PEBO) last posted its quarterly earnings data on Tuesday, April 21st. The bank reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.02. The firm had revenue of $119.33 million during the quarter, compared to analysts’ expectations of $118.72 million. Peoples Bancorp had a return on equity of 9.75% and a net margin of 17.92%. Analysts expect that Peoples Bancorp Inc. will post 3.41 earnings per share for the current fiscal year.

Peoples Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, May 18th. Shareholders of record on Monday, May 4th were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 4.8%. This is a boost from Peoples Bancorp’s previous quarterly dividend of $0.41. The ex-dividend date was Monday, May 4th. Peoples Bancorp’s dividend payout ratio (DPR) is 53.85%.

Insiders Place Their Bets

In other news, Director Carol A. Schneeberger sold 1,895 shares of the business’s stock in a transaction dated Wednesday, March 11th. The stock was 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 approximately $605,723.33. The trade was a 8.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michael Ryan Kirkham sold 986 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $32.47, for a total transaction of $32,015.42. Following the transaction, the executive vice president owned 16,289 shares in the company, valued at approximately $528,903.83. This trade represents a 5.71% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 3,881 shares of company stock valued at $122,872. 3.31% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

PEBO has been the subject of a number of research reports. Piper Sandler boosted their price target on Peoples Bancorp from $37.00 to $41.00 and gave the company an “overweight” rating in a report on Thursday, April 23rd. DA Davidson raised their price objective on Peoples Bancorp from $37.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Weiss Ratings raised Peoples Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, January 27th. Finally, Hovde Group increased their price target on Peoples Bancorp from $33.00 to $36.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 22nd. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Peoples Bancorp currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.00.

About Peoples Bancorp

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.