Graver Capital Management LLC Takes $1.81 Million Position in Peoples Bancorp Inc. (NASDAQ:PEBO)

Graver Capital Management LLC bought a new position in Peoples Bancorp Inc. (NASDAQ:PEBO - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 56,988 shares of the bank's stock, valued at approximately $1,806,000. Peoples Bancorp makes up about 1.9% of Graver Capital Management LLC's holdings, making the stock its 10th largest position. Graver Capital Management LLC owned about 0.16% of Peoples Bancorp as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Deutsche Bank AG increased its position in Peoples Bancorp by 55.0% during the 4th 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. Cetera Investment Advisers increased its holdings in Peoples Bancorp by 3.6% in the 4th quarter. Cetera Investment Advisers now owns 22,488 shares of the bank's stock worth $713,000 after acquiring an additional 782 shares in the last quarter. Bridgeway Capital Management LLC boosted its stake in Peoples Bancorp by 11.0% during the 4th quarter. Bridgeway Capital Management LLC now owns 320,656 shares of the bank's stock worth $10,162,000 after purchasing an additional 31,838 shares during the last quarter. Brown Advisory Inc. boosted its position in shares of Peoples Bancorp by 0.7% during the 4th quarter. Brown Advisory Inc. now owns 802,524 shares of the bank's stock valued at $25,432,000 after acquiring an additional 5,398 shares during the last quarter. Finally, Balyasny Asset Management L.P. purchased a new stake in Peoples Bancorp in the 4th quarter valued at about $215,000. Institutional investors own 60.68% of the company's stock.

Peoples Bancorp Price Performance

Shares of PEBO stock traded up $0.27 during mid-day trading on Tuesday, reaching $30.89. The stock had a trading volume of 104,396 shares, compared to its average volume of 134,106. Peoples Bancorp Inc. has a 12-month low of $26.21 and a 12-month high of $37.07. The company has a market cap of $1.10 billion, a P/E ratio of 9.33 and a beta of 0.62. The business has a 50-day simple moving average of $28.94 and a 200 day simple moving average of $31.54. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.21.

Peoples Bancorp (NASDAQ:PEBO - Get Free Report) last posted its quarterly earnings data 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 analyst estimates of $112.76 million. Peoples Bancorp had a net margin of 18.90% and a return on equity of 11.07%. During the same period in the previous year, the business earned $0.85 EPS. On average, sell-side 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 will be paid on Monday, May 19th. Stockholders of record on Monday, May 5th will be paid a $0.41 dividend. This is a positive change from Peoples Bancorp's previous quarterly dividend of $0.40. This represents a $1.64 annualized dividend and a dividend yield of 5.31%. The ex-dividend date of this dividend is Monday, May 5th. Peoples Bancorp's payout ratio is currently 52.06%.

Insider Activity at Peoples Bancorp

In other news, Director Carol A. Schneeberger sold 1,000 shares of the business's stock in a transaction that occurred on Monday, March 10th. The stock was 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 directly owns 25,686 shares in the company, valued at approximately $775,717.20. The trade was a 3.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.41% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on PEBO shares. Piper Sandler boosted their price target on shares of Peoples Bancorp from $39.00 to $40.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 22nd. DA Davidson lowered their price target on Peoples Bancorp from $39.00 to $35.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Finally, Stephens decreased their price target on Peoples Bancorp from $37.50 to $33.00 and set an "equal weight" rating for the company in a report on Wednesday, April 23rd.

About Peoples Bancorp

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.