Peoples Bancorp Inc. (NASDAQ:PEBO) Stock Holdings Trimmed by Two Sigma Investments LP

Two Sigma Investments LP lowered its position in Peoples Bancorp Inc. (NASDAQ:PEBO - Free Report) by 24.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 54,063 shares of the bank's stock after selling 17,804 shares during the quarter. Two Sigma Investments LP owned 0.15% of Peoples Bancorp worth $1,713,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. US Bancorp DE raised its holdings in shares of 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 period. Sterling Capital Management LLC increased its position in 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. Spire Wealth Management purchased a new position in Peoples Bancorp in the fourth quarter valued at approximately $43,000. Balyasny Asset Management L.P. purchased a new position in Peoples Bancorp in the fourth quarter valued at approximately $215,000. Finally, KLP Kapitalforvaltning AS acquired a new position in Peoples Bancorp during the fourth quarter valued at approximately $241,000. Institutional investors and hedge funds own 60.68% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on PEBO. Stephens dropped 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. DA Davidson decreased their price target 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. Finally, Wall Street Zen upgraded Peoples Bancorp from a "sell" rating to a "hold" rating in a report on Saturday, May 24th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Peoples Bancorp currently has a consensus rating of "Hold" and an average target price of $36.00.

Peoples Bancorp Stock Up 2.0%

NASDAQ PEBO traded up $0.57 on Friday, reaching $29.56. The company had a trading volume of 78,654 shares, compared to its average volume of 135,752. 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 1 year low of $26.21 and a 1 year high of $37.07. The firm has a 50-day moving average of $28.95 and a 200-day moving average of $31.10. The firm has a market capitalization of $1.05 billion, a PE ratio of 8.93 and a beta of 0.62.

Peoples Bancorp (NASDAQ:PEBO - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The bank reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.04). The firm 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 last year, the firm earned $0.85 EPS. On average, equities research analysts anticipate that Peoples Bancorp Inc. will post 3.28 EPS for the current fiscal year.

Peoples Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, May 19th. Investors of record on Monday, May 5th were paid a $0.41 dividend. This is a boost 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 5.55%. Peoples Bancorp's payout ratio is 52.06%.

Insider Buying and Selling

In related news, Director Carol A. Schneeberger sold 1,000 shares of Peoples Bancorp stock in a transaction 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 sale, the director now owns 25,686 shares in the company, valued at approximately $775,717.20. The trade was a 3.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.41% of the company's stock.

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.