Victory Capital Management Inc. Purchases 2,150 Shares of Peoples Bancorp Inc. (NASDAQ:PEBO)

Victory Capital Management Inc. lifted its holdings in Peoples Bancorp Inc. (NASDAQ:PEBO) by 6.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,200 shares of the bank’s stock after acquiring an additional 2,150 shares during the quarter. Victory Capital Management Inc.’s holdings in Peoples Bancorp were worth $1,119,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. nVerses Capital LLC bought a new position in Peoples Bancorp in the 2nd quarter valued at $27,000. Innealta Capital LLC bought a new position in shares of Peoples Bancorp in the second quarter valued at about $46,000. CWM LLC raised its holdings in shares of Peoples Bancorp by 503.9% in the third quarter. CWM LLC now owns 1,860 shares of the bank’s stock valued at $56,000 after buying an additional 1,552 shares during the last quarter. Quest Partners LLC lifted its position in Peoples Bancorp by 20,273.3% during the 2nd quarter. Quest Partners LLC now owns 3,056 shares of the bank’s stock worth $92,000 after buying an additional 3,041 shares in the last quarter. Finally, Future Financial Wealth Managment LLC bought a new stake in Peoples Bancorp during the 3rd quarter worth about $123,000. 60.68% of the stock is currently owned by institutional investors.

Peoples Bancorp Trading Down 1.9 %

Shares of PEBO opened at $35.34 on Wednesday. The stock’s fifty day simple moving average is $31.84 and its 200-day simple moving average is $30.87. The firm has a market capitalization of $1.26 billion, a PE ratio of 10.09 and a beta of 0.74. Peoples Bancorp Inc. has a 12-month low of $26.74 and a 12-month high of $37.07. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.21.

Peoples Bancorp (NASDAQ:PEBO) last released its earnings results on Tuesday, October 22nd. The bank reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.07. Peoples Bancorp had a net margin of 20.16% and a return on equity of 11.84%. The company had revenue of $158.41 million for the quarter, compared to the consensus estimate of $112.30 million. During the same period in the prior year, the company posted $1.06 EPS. As a group, research analysts predict that Peoples Bancorp Inc. will post 3.31 earnings per share for the current year.

Peoples Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Monday, November 4th were paid a $0.40 dividend. The ex-dividend date was Monday, November 4th. This represents a $1.60 dividend on an annualized basis and a yield of 4.53%. Peoples Bancorp’s payout ratio is presently 45.58%.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In related news, Director S Craig Beam sold 4,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $34.31, for a total value of $137,240.00. Following the sale, the director now directly owns 23,760 shares in the company, valued at $815,205.60. This trade represents a 14.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Matthew Edgell sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $34.36, for a total transaction of $103,080.00. Following the transaction, the insider now owns 16,092 shares of the company’s stock, valued at approximately $552,921.12. This represents a 15.71 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,445 shares of company stock valued at $348,956. Company insiders own 3.46% of the company’s stock.

Peoples Bancorp Company 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.