SG Americas Securities LLC Takes $549,000 Position in Peoples Bancorp Inc. (NASDAQ:PEBO)

SG Americas Securities LLC purchased a new stake in Peoples Bancorp Inc. (NASDAQ:PEBO) in the third quarter, according to its most recent filing with the SEC. The fund purchased 17,377 shares of the bank’s stock, valued at approximately $549,000. SG Americas Securities LLC owned about 0.09% of Peoples Bancorp at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. WINTON GROUP Ltd increased its holdings in shares of Peoples Bancorp by 26.8% in the 3rd quarter. WINTON GROUP Ltd now owns 10,679 shares of the bank’s stock valued at $338,000 after acquiring an additional 2,260 shares during the last quarter. Shoker Investment Counsel Inc. increased its holdings in shares of Peoples Bancorp by 37.5% in the 3rd quarter. Shoker Investment Counsel Inc. now owns 15,526 shares of the bank’s stock valued at $490,000 after acquiring an additional 4,231 shares during the last quarter. Spire Wealth Management increased its holdings in shares of Peoples Bancorp by 14.5% in the 3rd quarter. Spire Wealth Management now owns 2,911 shares of the bank’s stock valued at $92,000 after acquiring an additional 369 shares during the last quarter. Strs Ohio increased its holdings in shares of Peoples Bancorp by 84.9% in the 3rd quarter. Strs Ohio now owns 28,286 shares of the bank’s stock valued at $894,000 after acquiring an additional 12,986 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in shares of Peoples Bancorp by 69.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 5,936 shares of the bank’s stock valued at $188,000 after acquiring an additional 2,436 shares during the last quarter. Institutional investors and hedge funds own 48.86% of the company’s stock.

In related news, Director Michael N. Vittorio purchased 1,000 shares of the company’s stock in a transaction on Tuesday, November 9th. The shares were bought at an average cost of $32.80 per share, for a total transaction of $32,800.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 3.01% of the stock is currently owned by insiders.

PEBO has been the topic of several analyst reports. Piper Sandler raised Peoples Bancorp from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $32.00 to $35.00 in a research report on Wednesday, September 22nd. Zacks Investment Research raised shares of Peoples Bancorp from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a report on Friday. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $38.40.

Shares of NASDAQ:PEBO opened at $33.60 on Friday. The company has a market cap of $949.97 million, a PE ratio of 16.23 and a beta of 0.87. The company’s 50-day moving average price is $32.15 and its 200 day moving average price is $31.18. Peoples Bancorp Inc. has a fifty-two week low of $27.72 and a fifty-two week high of $36.75. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.12.

Peoples Bancorp (NASDAQ:PEBO) last issued its quarterly earnings data on Monday, October 25th. The bank reported ($0.28) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.75). The firm had revenue of $59.28 million during the quarter, compared to the consensus estimate of $58.54 million. Peoples Bancorp had a net margin of 17.38% and a return on equity of 9.87%. During the same quarter in the prior year, the business earned $0.60 earnings per share. As a group, equities analysts anticipate that Peoples Bancorp Inc. will post 2.69 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, November 22nd. Shareholders of record on Monday, November 8th were given a dividend of $0.36 per share. The ex-dividend date was Friday, November 5th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.29%. Peoples Bancorp’s dividend payout ratio (DPR) is 69.57%.

About Peoples Bancorp

Peoples Bancorp, Inc operates as a financial holding company, which engages in banking, investment, insurance, and trust solutions. It offers various demand deposit accounts, savings accounts, money market accounts and certificates of deposit; commercial, consumer, real estate mortgage loans and lines of credit; debit and automated teller machine cards; credit cards for individuals and businesses; merchant credit card transaction processing services; corporate and personal trust services; safe deposit rental facilities; money orders and cashier’s checks; life, health, property and casualty insurance products; brokerage services; and custom-tailored fiduciary, employee benefit plans and asset management & administration services.

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Institutional Ownership by Quarter for Peoples Bancorp (NASDAQ:PEBO)

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