Black Maple Capital Management LP Purchases 18,693 Shares of Peoples Bancorp Inc. (NASDAQ:PEBO)

Black Maple Capital Management LP boosted its stake in shares of Peoples Bancorp Inc. (NASDAQ:PEBO - Free Report) by 31.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 77,502 shares of the bank's stock after buying an additional 18,693 shares during the quarter. Peoples Bancorp makes up approximately 1.3% of Black Maple Capital Management LP's portfolio, making the stock its 14th biggest position. Black Maple Capital Management LP owned 0.22% of Peoples Bancorp worth $2,456,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Wellington Management Group LLP increased its position in shares of Peoples Bancorp by 28.2% during the fourth quarter. Wellington Management Group LLP now owns 451,788 shares of the bank's stock worth $14,317,000 after buying an additional 99,300 shares during the period. American Century Companies Inc. grew its holdings in Peoples Bancorp by 11.8% during the 4th quarter. American Century Companies Inc. now owns 758,215 shares of the bank's stock worth $24,028,000 after acquiring an additional 79,818 shares during the period. O Shaughnessy Asset Management LLC bought a new position in shares of Peoples Bancorp in the 4th quarter worth about $2,464,000. Tudor Investment Corp ET AL acquired a new position in shares of Peoples Bancorp in the 4th quarter valued at about $2,414,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Peoples Bancorp during the 4th quarter valued at about $2,122,000. Institutional investors own 60.68% of the company's stock.

Insider Activity at Peoples Bancorp

In other Peoples Bancorp 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 sale, the director now owns 25,686 shares in the company, valued at $775,717.20. This represents a 3.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 3.41% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on PEBO. Piper Sandler increased their price target on Peoples Bancorp from $39.00 to $40.00 and gave the stock an "overweight" rating in a report on Wednesday, January 22nd. Stephens cut their target price on shares of Peoples Bancorp from $37.50 to $33.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 23rd. Finally, DA Davidson decreased their price target on shares of Peoples Bancorp from $39.00 to $35.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd.

Peoples Bancorp Stock Up 0.1 %

NASDAQ:PEBO traded up $0.03 on Friday, hitting $29.67. The stock had a trading volume of 45,228 shares, compared to its average volume of 133,063. Peoples Bancorp Inc. has a 1 year low of $26.21 and a 1 year high of $37.07. The firm's fifty day simple moving average is $28.96 and its two-hundred day simple moving average is $31.54. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.83 and a current ratio of 0.83. The stock has a market cap of $1.06 billion, a P/E ratio of 8.96 and a beta of 0.62.

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 analysts' consensus estimates of $0.73 by ($0.04). The business had revenue of $113.00 million during the quarter, compared to the consensus estimate of $112.76 million. Peoples Bancorp had a net margin of 18.90% and a return on equity of 11.07%. During the same quarter last year, the company earned $0.85 EPS. Analysts predict that Peoples Bancorp Inc. will post 3.28 earnings per share for the current year.

Peoples Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, May 19th. Investors of record on Monday, May 5th will be issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 5.53%. The ex-dividend date of this dividend is Monday, May 5th. This is a boost from Peoples Bancorp's previous quarterly dividend of $0.40. Peoples Bancorp's payout ratio is 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.