Quantinno Capital Management LP Purchases 28,243 Shares of Peoples Bancorp Inc. $PEBO

Key Points

• Quantinno Capital Management increased its Peoples Bancorp stake by 169.7% in the first quarter, purchasing 28,243 additional shares and bringing its holdings to 44,883 shares worth approximately $1.48 million. Institutional investors collectively own 60.68% of the company.
• Peoples Bancorp reported quarterly EPS of $0.96, exceeding analysts’ $0.85 estimate, while revenue of $121.95 million also topped expectations. The company declared a quarterly dividend of $0.42 per share, equivalent to a 4.1% annual yield.
• Analysts maintain a “Moderate Buy” consensus, with a $42 average price target and targets ranging from $36 to $46. The stock recently opened at $41.32, near its 52-week high of $42.29.

Quantinno Capital Management LP grew its holdings in shares of Peoples Bancorp Inc. (NASDAQ:PEBO - Free Report) by 169.7% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 44,883 shares of the bank's stock after purchasing an additional 28,243 shares during the quarter. Quantinno Capital Management LP owned approximately 0.12% of Peoples Bancorp worth $1,475,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. D.A. Davidson & CO. grew its position in Peoples Bancorp by 1.3% during the first quarter. D.A. Davidson & CO. now owns 24,366 shares of the bank's stock valued at $801,000 after buying an additional 320 shares during the period. Cetera Investment Advisers increased its holdings in Peoples Bancorp by 1.6% during the fourth quarter. Cetera Investment Advisers now owns 24,348 shares of the bank's stock valued at $731,000 after buying an additional 385 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its position in Peoples Bancorp by 2.5% in the second quarter. CANADA LIFE ASSURANCE Co now owns 16,600 shares of the bank's stock worth $508,000 after acquiring an additional 400 shares during the period. Pathway Financial Advisers LLC raised its position in Peoples Bancorp by 1.2% in the fourth quarter. Pathway Financial Advisers LLC now owns 35,520 shares of the bank's stock worth $1,067,000 after acquiring an additional 414 shares during the period. Finally, Inspire Investing LLC boosted its stake in shares of Peoples Bancorp by 2.8% during the 4th quarter. Inspire Investing LLC now owns 15,582 shares of the bank's stock worth $468,000 after acquiring an additional 420 shares during the last quarter. Institutional investors own 60.68% of the company's stock.

Peoples Bancorp Price Performance

Peoples Bancorp stock opened at $41.32 on Friday. Peoples Bancorp Inc. has a 52-week low of $27.49 and a 52-week high of $42.29. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.13. The firm's fifty day moving average is $38.81 and its 200 day moving average is $35.28. The company has a market cap of $1.49 billion, a price-to-earnings ratio of 12.48 and a beta of 0.61.

Peoples Bancorp (NASDAQ:PEBO - Get Free Report) last announced its earnings results on Tuesday, July 21st. The bank reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.11. The firm had revenue of $121.95 million for the quarter, compared to analysts' expectations of $120.05 million. Peoples Bancorp had a net margin of 19.17% and a return on equity of 10.71%. Sell-side analysts forecast that Peoples Bancorp Inc. will post 3.56 EPS for the current fiscal year.

Peoples Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, August 3rd will be given a dividend of $0.42 per share. The ex-dividend date is Monday, August 3rd. This represents a $1.68 dividend on an annualized basis and a yield of 4.1%. Peoples Bancorp's dividend payout ratio is 50.76%.

Insider Activity at Peoples Bancorp

In other news, insider Matthew Edgell sold 3,000 shares of the firm's stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $41.27, for a total value of $123,810.00. Following the completion of the sale, the insider directly owned 20,183 shares of the company's stock, valued at $832,952.41. This trade represents a 12.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Dwight Eric Smith bought 1,000 shares of the company's stock in a transaction dated Thursday, July 23rd. The stock was bought at an average price of $39.81 per share, with a total value of $39,810.00. Following the acquisition, the director owned 10,256 shares in the company, valued at approximately $408,291.36. This trade represents a 10.80% increase in their position. The disclosure for this purchase is available in the SEC filing. 3.31% of the stock is owned by company insiders.

Analysts Set New Price Targets

PEBO has been the subject of a number of recent research reports. DA Davidson boosted their price objective on shares of Peoples Bancorp from $41.00 to $44.00 and gave the company a "buy" rating in a research report on Wednesday, July 22nd. Piper Sandler set a $46.00 target price on Peoples Bancorp in a report on Wednesday, July 22nd. Hovde Group lifted their target price on Peoples Bancorp from $33.00 to $36.00 and gave the company a "market perform" rating in a research report on Wednesday, April 22nd. Weiss Ratings reissued a "buy (b)" rating on shares of Peoples Bancorp in a report on Friday, May 29th. Finally, Keefe, Bruyette & Woods upped their price target on Peoples Bancorp from $38.00 to $42.00 and gave the stock a "market perform" rating in a research report on Wednesday, July 22nd. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Peoples Bancorp has an average rating of "Moderate Buy" and a consensus target price of $42.00.

Peoples Bancorp Company Profile

Peoples Bancorp, Inc is a bank holding company headquartered in Marietta, Ohio. Through its subsidiary Peoples Bank, the company provides a comprehensive range of commercial and consumer banking services designed to serve individuals, businesses and institutional clients. Its deposit products include checking and savings accounts, money market accounts, certificates of deposit and digital banking platforms that enable secure online and mobile access.

On the lending side, Peoples Bancorp offers commercial and industrial loans, commercial real estate financing, construction and agricultural lending, as well as residential mortgage products.

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