Creative Planning Has $968,000 Stock Position in Peoples Bancorp Inc. (NASDAQ:PEBO)

Creative Planning raised its position in shares of Peoples Bancorp Inc. (NASDAQ:PEBO) by 36.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,185 shares of the bank’s stock after purchasing an additional 8,594 shares during the period. Creative Planning owned approximately 0.09% of Peoples Bancorp worth $968,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Inspire Investing LLC raised its position in Peoples Bancorp by 16.0% during the third quarter. Inspire Investing LLC now owns 13,718 shares of the bank’s stock valued at $413,000 after purchasing an additional 1,890 shares in the last quarter. CWM LLC increased its holdings in shares of Peoples Bancorp by 503.9% during the third quarter. CWM LLC now owns 1,860 shares of the bank’s stock worth $56,000 after buying an additional 1,552 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new position in shares of Peoples Bancorp during the third quarter worth $123,000. SG Americas Securities LLC acquired a new position in shares of Peoples Bancorp during the third quarter worth $250,000. Finally, AQR Capital Management LLC increased its holdings in shares of Peoples Bancorp by 158.5% during the second quarter. AQR Capital Management LLC now owns 57,631 shares of the bank’s stock worth $1,729,000 after buying an additional 35,333 shares in the last quarter. 60.68% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Piper Sandler lowered their price target on shares of Peoples Bancorp from $39.00 to $36.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, Peoples Bancorp has an average rating of “Hold” and an average price target of $33.50.

Peoples Bancorp Stock Performance

Shares of PEBO opened at $30.83 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $1.09 billion, a P/E ratio of 8.78 and a beta of 0.75. The firm’s fifty day simple moving average is $30.67 and its two-hundred day simple moving average is $30.25. Peoples Bancorp Inc. has a 12 month low of $26.74 and a 12 month high of $34.85.

Peoples Bancorp (NASDAQ:PEBO) last issued its quarterly earnings results on Tuesday, October 22nd. The bank reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.07. The business had revenue of $158.41 million for the quarter, compared to analysts’ expectations of $112.30 million. Peoples Bancorp had a net margin of 20.16% and a return on equity of 12.01%. During the same quarter in the prior year, the firm posted $1.06 earnings per share. As a group, analysts predict that Peoples Bancorp Inc. will post 3.31 EPS for the current year.

Peoples Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Monday, November 4th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, November 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.19%. Peoples Bancorp’s dividend payout ratio (DPR) is presently 45.58%.

Insider Transactions at Peoples Bancorp

In other news, Director David F. Dierker sold 1,000 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $30.36, for a total transaction of $30,360.00. Following the transaction, the director now owns 10,330 shares of the company’s stock, valued at $313,618.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold 2,541 shares of company stock valued at $77,406 in the last 90 days. 3.46% of the stock is currently owned by corporate insiders.

Peoples Bancorp 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.