Y Intercept Hong Kong Ltd Sells 9,609 Shares of Peoples Bancorp Inc. (NASDAQ:PEBO)

Y Intercept Hong Kong Ltd decreased its position in Peoples Bancorp Inc. (NASDAQ:PEBO - Free Report) by 58.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,878 shares of the bank's stock after selling 9,609 shares during the period. Y Intercept Hong Kong Ltd's holdings in Peoples Bancorp were worth $204,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sterling Capital Management LLC increased its holdings in shares of Peoples Bancorp by 815.7% in the 4th quarter. Sterling Capital Management LLC now owns 1,108 shares of the bank's stock worth $35,000 after buying an additional 987 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Peoples Bancorp by 1,426.3% in the first quarter. GAMMA Investing LLC now owns 2,610 shares of the bank's stock worth $77,000 after acquiring an additional 2,439 shares during the period. CWM LLC boosted its holdings in shares of Peoples Bancorp by 86.7% in the first quarter. CWM LLC now owns 4,976 shares of the bank's stock worth $148,000 after buying an additional 2,311 shares during the last quarter. Balyasny Asset Management L.P. purchased a new position in Peoples Bancorp during the fourth quarter valued at approximately $215,000. Finally, Moody National Bank Trust Division purchased a new position in Peoples Bancorp during the first quarter valued at approximately $229,000. 60.68% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Carol A. Schneeberger sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $31.76, for a total value of $31,760.00. Following the sale, the director owned 25,330 shares of the company's stock, valued at approximately $804,480.80. This trade represents a 3.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Dwight Eric Smith bought 1,060 shares of the business's stock in a transaction on Thursday, July 24th. The shares were acquired at an average cost of $30.27 per share, for a total transaction of $32,086.20. Following the purchase, the director directly owned 6,999 shares in the company, valued at $211,859.73. This represents a 17.85% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 1,962 shares of company stock worth $61,110 over the last quarter. 3.41% of the stock is currently owned by company insiders.

Peoples Bancorp Trading Up 0.9%

PEBO traded up $0.25 on Monday, hitting $28.00. The company had a trading volume of 48,281 shares, compared to its average volume of 155,921. The firm has a market cap of $998.09 million, a P/E ratio of 9.59 and a beta of 0.67. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.20. The company's fifty day moving average price is $30.18 and its 200 day moving average price is $30.27. 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 results on Tuesday, July 22nd. The bank reported $0.60 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.78 by ($0.18). Peoples Bancorp had a net margin of 16.88% and a return on equity of 9.46%. The business had revenue of $115.02 million during the quarter, compared to analyst estimates of $113.20 million. As a group, equities analysts expect that Peoples Bancorp Inc. will post 3.28 earnings per share for the current year.

Peoples Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 18th. Investors of record on Monday, August 4th will be given a dividend of $0.41 per share. The ex-dividend date is Monday, August 4th. This represents a $1.64 annualized dividend and a yield of 5.9%. Peoples Bancorp's dividend payout ratio is 56.16%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on PEBO shares. DA Davidson reduced their price target on shares of Peoples Bancorp from $39.00 to $35.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Keefe, Bruyette & Woods boosted their price objective on shares of Peoples Bancorp from $32.00 to $33.00 and gave the company a "market perform" rating in a research report on Friday, July 11th. Wall Street Zen lowered shares of Peoples Bancorp from a "hold" rating to a "sell" rating in a research note on Saturday. Finally, Stephens lowered their target price on shares of Peoples Bancorp from $37.50 to $33.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $35.25.

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.