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

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

Several other institutional investors have also recently modified their holdings of PEBO. US Bancorp DE boosted its stake in Peoples Bancorp by 172.8% in the 4th quarter. US Bancorp DE now owns 1,094 shares of the bank's stock worth $35,000 after buying an additional 693 shares during the last quarter. Sterling Capital Management LLC boosted its position in Peoples Bancorp by 815.7% in the 4th quarter. Sterling Capital Management LLC now owns 1,108 shares of the bank's stock valued at $35,000 after buying an additional 987 shares during the last quarter. Spire Wealth Management acquired a new stake in Peoples Bancorp during the 4th quarter valued at approximately $43,000. KLP Kapitalforvaltning AS bought a new stake in shares of Peoples Bancorp in the fourth quarter worth $241,000. Finally, Virtu Financial LLC bought a new stake in shares of Peoples Bancorp in the 4th quarter worth about $243,000. 60.68% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on PEBO. Stephens reduced their price objective on 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. Piper Sandler lifted their price objective on shares of Peoples Bancorp from $39.00 to $40.00 and gave the company an "overweight" rating in a research note on Wednesday, January 22nd. Finally, DA Davidson decreased their target price on Peoples Bancorp from $39.00 to $35.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd.

Insider Transactions at Peoples Bancorp

In other news, Director Carol A. Schneeberger sold 1,000 shares of the stock in a transaction dated 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 3.41% of the company's stock.

Peoples Bancorp Trading Down 0.5 %

NASDAQ PEBO traded down $0.15 on Tuesday, hitting $29.18. 97,200 shares of the company were exchanged, compared to its average volume of 133,048. The company's 50 day moving average price is $29.07 and its 200-day moving average price is $31.57. The firm has a market capitalization of $1.04 billion, a P/E ratio of 8.82 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 twelve month low of $26.21 and a twelve month high of $37.07.

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

Peoples Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, May 19th. Stockholders of record on Monday, May 5th will be paid a $0.41 dividend. The ex-dividend date of this dividend is Monday, May 5th. This is an increase from Peoples Bancorp's previous quarterly dividend of $0.40. This represents a $1.64 dividend on an annualized basis and a dividend yield of 5.62%. Peoples Bancorp's dividend payout ratio is 52.06%.

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.