Peoples Bancorp Inc. (NASDAQ:PEBO) Stake Decreased by Jane Street Group LLC

Jane Street Group LLC trimmed its holdings in Peoples Bancorp Inc. (NASDAQ:PEBO - Free Report) by 38.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,547 shares of the bank's stock after selling 21,798 shares during the quarter. Jane Street Group LLC owned about 0.10% of Peoples Bancorp worth $1,095,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Shoker Investment Counsel Inc. increased its holdings in shares of Peoples Bancorp by 1.0% in the 4th quarter. Shoker Investment Counsel Inc. now owns 31,467 shares of the bank's stock valued at $997,000 after purchasing an additional 316 shares during the period. Arizona State Retirement System grew its stake in Peoples Bancorp by 6.1% in the fourth quarter. Arizona State Retirement System now owns 10,304 shares of the bank's stock valued at $327,000 after purchasing an additional 595 shares in the last quarter. US Bancorp DE increased its position 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 purchasing an additional 693 shares during the last quarter. Sterling Capital Management LLC raised its stake in shares of Peoples Bancorp by 815.7% during the 4th quarter. Sterling Capital Management LLC now owns 1,108 shares of the bank's stock worth $35,000 after purchasing an additional 987 shares in the last quarter. Finally, MetLife Investment Management LLC lifted its holdings in shares of Peoples Bancorp by 5.9% during the 4th quarter. MetLife Investment Management LLC now owns 20,790 shares of the bank's stock valued at $659,000 after buying an additional 1,150 shares during the last quarter. 60.68% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PEBO has been the topic of several recent research reports. DA Davidson cut their price objective 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. Stephens cut 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 report on Wednesday, April 23rd. Finally, Piper Sandler upped their price objective on shares of Peoples Bancorp from $39.00 to $40.00 and gave the stock an "overweight" rating in a report on Wednesday, January 22nd.

Insider Transactions at Peoples Bancorp

In related news, Director Carol A. Schneeberger sold 1,000 shares of the business's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $30.20, for a total value of $30,200.00. Following the completion of the transaction, the director now owns 25,686 shares in the company, valued at $775,717.20. The trade was a 3.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 3.41% of the company's stock.

Peoples Bancorp Stock Down 3.3%

PEBO stock opened at $29.81 on Thursday. Peoples Bancorp Inc. has a twelve month low of $26.21 and a twelve month high of $37.07. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.21. The company has a market cap of $1.06 billion, a PE ratio of 9.01 and a beta of 0.62. The business's 50-day simple moving average is $29.07 and its 200 day simple moving average is $31.52.

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). Peoples Bancorp had a net margin of 18.90% and a return on equity of 11.07%. The business had revenue of $113.00 million during the quarter, compared to analyst estimates of $112.76 million. During the same quarter in the prior year, the company posted $0.85 EPS. On average, research analysts anticipate that Peoples Bancorp Inc. will post 3.28 earnings per share for the current year.

Peoples Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 19th. Stockholders of record on Monday, May 5th were issued a dividend of $0.41 per share. This is a positive change from Peoples Bancorp's previous quarterly dividend of $0.40. The ex-dividend date was Monday, May 5th. This represents a $1.64 annualized dividend and a dividend yield of 5.50%. Peoples Bancorp's dividend payout ratio (DPR) is presently 52.06%.

Peoples Bancorp 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.

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