Two Sigma Investments LP Has $1.71 Million Stock Holdings in Peoples Bancorp Inc. (NASDAQ:PEBO)

Two Sigma Investments LP lessened its stake in shares of Peoples Bancorp Inc. (NASDAQ:PEBO - Free Report) by 24.8% in the 4th quarter, according to its most recent 13F filing 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 about 0.15% of Peoples Bancorp worth $1,713,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of PEBO. Nuveen Asset Management LLC increased its stake in Peoples Bancorp by 55.4% in the fourth quarter. Nuveen Asset Management LLC now owns 184,074 shares of the bank's stock valued at $5,833,000 after purchasing an additional 65,612 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Peoples Bancorp by 3.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,682 shares of the bank's stock worth $624,000 after purchasing an additional 703 shares during the period. Janus Henderson Group PLC increased its holdings in shares of Peoples Bancorp by 48.6% in the 4th quarter. Janus Henderson Group PLC now owns 25,629 shares of the bank's stock valued at $813,000 after purchasing an additional 8,381 shares in the last quarter. Graver Capital Management LLC purchased a new position in shares of Peoples Bancorp in the 4th quarter valued at about $1,806,000. Finally, Deutsche Bank AG lifted its stake in shares of Peoples Bancorp by 55.0% in the fourth quarter. Deutsche Bank AG now owns 29,279 shares of the bank's stock valued at $928,000 after purchasing an additional 10,394 shares during the period. Institutional investors and hedge funds own 60.68% of the company's stock.

Insider Buying and Selling at Peoples Bancorp

In related news, Director Carol A. Schneeberger sold 1,000 shares of the firm'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 of the company's stock, valued at approximately $775,717.20. This trade represents a 3.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.41% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have weighed in on PEBO shares. DA Davidson lowered their target price on Peoples Bancorp from $39.00 to $35.00 and set a "buy" rating on the stock in a 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, May 24th. Finally, Stephens dropped 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 report on Wednesday, April 23rd. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $36.00.

Peoples Bancorp Stock Down 0.4%

PEBO traded down $0.11 during trading on Thursday, hitting $29.06. The company had a trading volume of 49,966 shares, compared to its average volume of 141,986. 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 business has a 50-day moving average of $28.96 and a 200-day moving average of $31.18. The company has a market cap of $1.04 billion, a PE ratio of 8.78 and a beta of 0.62.

Peoples Bancorp (NASDAQ:PEBO - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The bank reported $0.69 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.04). Peoples Bancorp had a net margin of 18.90% and a return on equity of 11.07%. The company had revenue of $113.00 million for the quarter, compared to the consensus estimate of $112.76 million. During the same period last year, the company posted $0.85 earnings per share. As a group, analysts forecast that Peoples Bancorp Inc. will post 3.28 earnings per share for the current year.

Peoples Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, May 19th. Shareholders of record on Monday, May 5th were given a $0.41 dividend. This is a positive change from Peoples Bancorp's previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Monday, May 5th. This represents a $1.64 annualized dividend and a yield of 5.64%. Peoples Bancorp's payout ratio is 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.