Peoples Bancorp Inc. $PEBO Stock Holdings Increased by Creative Planning

Creative Planning grew its holdings in shares of Peoples Bancorp Inc. (NASDAQ:PEBO) by 35.5% in the second quarter, according to its most recent filing with the SEC. The firm owned 44,061 shares of the bank’s stock after acquiring an additional 11,533 shares during the quarter. Creative Planning owned about 0.12% of Peoples Bancorp worth $1,346,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Peoples Bancorp in the first quarter worth about $289,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Peoples Bancorp by 30.5% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,382 shares of the bank’s stock valued at $456,000 after buying an additional 3,591 shares during the period. Commonwealth Financial Services LLC raised its position in shares of Peoples Bancorp by 9.0% during the 1st quarter. Commonwealth Financial Services LLC now owns 25,430 shares of the bank’s stock worth $754,000 after buying an additional 2,091 shares in the last quarter. Nuveen LLC bought a new stake in shares of Peoples Bancorp during the 1st quarter worth about $3,721,000. Finally, American Century Companies Inc. lifted its stake in shares of Peoples Bancorp by 12.7% in the 1st quarter. American Century Companies Inc. now owns 854,771 shares of the bank’s stock worth $25,353,000 after acquiring an additional 96,556 shares during the period. 60.68% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Peoples Bancorp news, Director Carol A. Schneeberger sold 1,000 shares of the business’s stock in a transaction dated Wednesday, October 8th. The stock was sold at an average price of $30.22, for a total transaction of $30,220.00. Following the sale, the director owned 23,767 shares in the company, valued at approximately $718,238.74. The trade was a 4.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kevin R. Reeves acquired 1,250 shares of Peoples Bancorp stock in a transaction on Tuesday, November 11th. The shares were purchased at an average cost of $29.11 per share, with a total value of $36,387.50. Following the completion of the purchase, the director directly owned 13,055 shares of the company’s stock, valued at approximately $380,031.05. This represents a 10.59% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders have purchased 4,110 shares of company stock valued at $118,832. 3.41% of the stock is owned by corporate insiders.

Peoples Bancorp Trading Down 0.6%

Peoples Bancorp stock opened at $29.63 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 10.36 and a beta of 0.70. Peoples Bancorp Inc. has a 1 year low of $26.21 and a 1 year high of $35.75. The firm’s 50 day moving average price is $29.32 and its two-hundred day moving average price is $29.86.

Peoples Bancorp (NASDAQ:PEBO) last announced its quarterly earnings data on Tuesday, October 21st. The bank reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.07. The company had revenue of $118.51 million during the quarter, compared to the consensus estimate of $116.88 million. Peoples Bancorp had a return on equity of 9.45% and a net margin of 16.57%. On average, research analysts predict that Peoples Bancorp Inc. will post 3.28 EPS for the current fiscal year.

Peoples Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 18th. Investors of record on Tuesday, November 4th were given a $0.41 dividend. The ex-dividend date was Tuesday, November 4th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 5.5%. Peoples Bancorp’s dividend payout ratio (DPR) is 57.34%.

Analysts Set New Price Targets

PEBO has been the topic of a number of research analyst reports. Wall Street Zen upgraded shares of Peoples Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, October 25th. Piper Sandler decreased their price target on Peoples Bancorp from $36.00 to $33.50 and set an “overweight” rating for the company in a research note on Wednesday, October 22nd. DA Davidson began coverage on Peoples Bancorp in a research report on Wednesday, October 22nd. They set a “buy” rating and a $33.00 price target on the stock. Zacks Research raised Peoples Bancorp from a “strong sell” rating to a “hold” rating in a research note on Monday, September 22nd. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Peoples Bancorp in a research note on Wednesday. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Peoples Bancorp currently has a consensus rating of “Hold” and a consensus price target of $33.13.

About Peoples Bancorp

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.