Jane Street Group LLC Reduces Position in Peoples Bancorp Inc. (NASDAQ:PEBO)

Jane Street Group LLC reduced its position in Peoples Bancorp Inc. (NASDAQ:PEBO - Free Report) by 38.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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.

Several other institutional investors and hedge funds have also bought and sold shares of the company. US Bancorp DE lifted its stake in shares of Peoples Bancorp by 172.8% during the fourth 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 period. Sterling Capital Management LLC lifted its stake in shares of Peoples Bancorp by 815.7% during the fourth 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 period. Spire Wealth Management acquired a new stake in shares of Peoples Bancorp during the fourth quarter worth $43,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Peoples Bancorp during the fourth quarter worth $241,000. Finally, Virtu Financial LLC acquired a new stake in shares of Peoples Bancorp during the fourth quarter worth $243,000. 60.68% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Peoples Bancorp

In related news, Director Carol A. Schneeberger sold 1,000 shares of the company's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $30.20, for a total transaction of $30,200.00. Following the completion of the sale, 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 Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.41% of the company's stock.

Wall Street Analysts Forecast Growth

PEBO has been the subject of a number of analyst reports. Stephens decreased their price objective on shares of Peoples Bancorp from $37.50 to $33.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 23rd. Wall Street Zen upgraded shares of Peoples Bancorp from a "sell" rating to a "hold" rating in a research report on Saturday. Finally, DA Davidson decreased their price objective on shares of Peoples Bancorp from $39.00 to $35.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $36.00.

Peoples Bancorp Price Performance

Shares of PEBO stock traded up $0.49 on Tuesday, reaching $29.75. 90,406 shares of the company were exchanged, compared to its average volume of 134,992. The company has a market cap of $1.06 billion, a price-to-earnings ratio of 8.99 and a beta of 0.62. The business has a 50-day moving average price of $29.04 and a 200 day moving average price of $31.40. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.83 and a current 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 released its earnings results on Tuesday, April 22nd. The bank reported $0.69 EPS for the quarter, missing analysts' consensus estimates of $0.73 by ($0.04). The company had revenue of $113.00 million for the quarter, compared to analysts' expectations of $112.76 million. Peoples Bancorp had a return on equity of 11.07% and a net margin of 18.90%. During the same period in the prior year, the firm earned $0.85 EPS. Equities research analysts forecast that Peoples Bancorp Inc. will post 3.28 earnings per share for the current fiscal year.

Peoples Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, May 19th. Stockholders of record on Monday, May 5th were paid a dividend of $0.41 per share. The ex-dividend date of this dividend was Monday, May 5th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 5.51%. This is a boost from Peoples Bancorp's previous quarterly dividend of $0.40. Peoples Bancorp's payout ratio is currently 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.