Peoples Bancorp Inc. $PEBO Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans cut its holdings in Peoples Bancorp Inc. (NASDAQ:PEBO) by 67.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,272 shares of the bank’s stock after selling 21,735 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Peoples Bancorp were worth $308,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Geode Capital Management LLC grew its holdings in shares of Peoples Bancorp by 3.0% during the second quarter. Geode Capital Management LLC now owns 926,866 shares of the bank’s stock worth $28,309,000 after buying an additional 26,786 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Peoples Bancorp by 7.1% in the 2nd quarter. American Century Companies Inc. now owns 915,692 shares of the bank’s stock valued at $27,965,000 after purchasing an additional 60,921 shares during the last quarter. Private Management Group Inc. raised its stake in shares of Peoples Bancorp by 1.3% during the second quarter. Private Management Group Inc. now owns 612,568 shares of the bank’s stock worth $18,708,000 after purchasing an additional 8,058 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in shares of Peoples Bancorp by 422.4% during the second quarter. Raymond James Financial Inc. now owns 349,948 shares of the bank’s stock worth $10,687,000 after purchasing an additional 282,960 shares during the period. Finally, Bridgeway Capital Management LLC grew its position in Peoples Bancorp by 2.1% in the 2nd quarter. Bridgeway Capital Management LLC now owns 294,790 shares of the bank’s stock valued at $9,003,000 after buying an additional 5,976 shares during the last quarter. 60.68% of the stock is owned by hedge funds and other institutional investors.

Peoples Bancorp Price Performance

PEBO stock opened at $33.71 on Thursday. The firm has a 50 day moving average of $31.79 and a 200-day moving average of $30.42. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 11.27 and a beta of 0.68. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.19. Peoples Bancorp Inc. has a 12-month low of $26.21 and a 12-month high of $34.33.

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

Peoples Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Monday, February 2nd were given a $0.41 dividend. The ex-dividend date was Monday, February 2nd. This represents a $1.64 annualized dividend and a dividend yield of 4.9%. Peoples Bancorp’s payout ratio is currently 54.85%.

Analyst Ratings Changes

A number of equities analysts have commented on PEBO shares. Weiss Ratings upgraded shares of Peoples Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, January 27th. Piper Sandler cut 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. DA Davidson set a $35.00 price objective on shares of Peoples Bancorp in a research report on Wednesday, January 21st. Finally, Wall Street Zen upgraded Peoples Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, October 25th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.63.

Insider Buying and Selling

In other Peoples Bancorp news, Director Carol A. Schneeberger sold 1,000 shares of Peoples Bancorp stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $33.92, for a total transaction of $33,920.00. Following the completion of the transaction, the director owned 21,204 shares in the company, valued at approximately $719,239.68. The trade was a 4.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last 90 days, insiders have bought 857 shares of company stock valued at $26,991. 3.41% of the stock is currently owned by corporate insiders.

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.