Tudor Investment Corp ET AL Takes Position in Peoples Bancorp Inc. (NASDAQ:PEBO)

Tudor Investment Corp ET AL purchased a new position in Peoples Bancorp Inc. (NASDAQ:PEBO - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 76,169 shares of the bank's stock, valued at approximately $2,414,000. Tudor Investment Corp ET AL owned approximately 0.21% of Peoples Bancorp at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Susquehanna Fundamental Investments LLC purchased a new position in shares of Peoples Bancorp in the fourth quarter worth $454,000. Price T Rowe Associates Inc. MD lifted its stake in Peoples Bancorp by 4.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 51,308 shares of the bank's stock worth $1,626,000 after purchasing an additional 2,214 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Peoples Bancorp by 468.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 8,358 shares of the bank's stock valued at $265,000 after purchasing an additional 6,888 shares during the last quarter. MetLife Investment Management LLC grew its position in shares of Peoples Bancorp by 5.9% during the fourth quarter. MetLife Investment Management LLC now owns 20,790 shares of the bank's stock valued at $659,000 after purchasing an additional 1,150 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in shares of Peoples Bancorp by 7.5% in the fourth quarter. First Trust Advisors LP now owns 134,700 shares of the bank's stock worth $4,269,000 after buying an additional 9,388 shares in the last quarter. 60.68% of the stock is currently owned by institutional investors.

Insider Transactions at Peoples Bancorp

In other news, Director Carol A. Schneeberger sold 1,000 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $30.20, for a total transaction of $30,200.00. Following the transaction, the director now owns 25,686 shares of the company's stock, valued at approximately $775,717.20. This represents a 3.75 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.41% of the company's stock.

Analyst Ratings Changes

PEBO has been the topic of several research reports. Stephens reduced their price target on shares of Peoples Bancorp from $37.50 to $33.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 23rd. DA Davidson reduced their target price on shares of Peoples Bancorp from $39.00 to $35.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Finally, Piper Sandler lifted their price target on Peoples Bancorp from $39.00 to $40.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 22nd.

Peoples Bancorp Trading Down 0.4 %

Shares of PEBO traded down $0.11 during midday trading on Friday, hitting $29.53. The stock had a trading volume of 37,227 shares, compared to its average volume of 133,026. The stock's 50 day moving average is $28.96 and its 200 day moving average is $31.54. The firm has a market cap of $1.05 billion, a PE ratio of 8.92 and a beta of 0.62. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.83 and a quick ratio of 0.83. Peoples Bancorp Inc. has a 1 year low of $26.21 and a 1 year high of $37.07.

Peoples Bancorp (NASDAQ:PEBO - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The bank reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.04). Peoples Bancorp had a return on equity of 11.07% and a net margin of 18.90%. The firm had revenue of $113.00 million during the quarter, compared to the consensus estimate of $112.76 million. During the same period in the previous year, the business earned $0.85 EPS. As a group, analysts forecast that Peoples Bancorp Inc. will post 3.28 EPS for the current fiscal year.

Peoples Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 19th. Investors of record on Monday, May 5th will be issued a dividend of $0.41 per share. The ex-dividend date of this dividend is Monday, May 5th. This represents a $1.64 dividend on an annualized basis and a yield of 5.55%. This is a boost from Peoples Bancorp's previous quarterly dividend of $0.40. Peoples Bancorp's payout ratio is presently 52.06%.

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.