Foundry Partners LLC Grows Stake in Peoples Bancorp Inc. (NASDAQ:PEBO)

Foundry Partners LLC increased its position in Peoples Bancorp Inc. (NASDAQ:PEBO) by 1.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 164,943 shares of the bank’s stock after acquiring an additional 1,987 shares during the period. Foundry Partners LLC owned about 0.46% of Peoples Bancorp worth $5,227,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of PEBO. ExodusPoint Capital Management LP bought a new stake in shares of Peoples Bancorp during the 4th quarter valued at about $629,000. Trexquant Investment LP purchased a new position in shares of Peoples Bancorp in the fourth quarter worth approximately $1,204,000. Geode Capital Management LLC grew its position in Peoples Bancorp by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 854,238 shares of the bank’s stock valued at $27,077,000 after buying an additional 3,584 shares during the period. Wellington Management Group LLP increased its holdings in Peoples Bancorp by 28.2% during the fourth quarter. Wellington Management Group LLP now owns 451,788 shares of the bank’s stock valued at $14,317,000 after buying an additional 99,300 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC bought a new position in Peoples Bancorp in the fourth quarter worth approximately $2,464,000. Hedge funds and other institutional investors own 60.68% of the company’s stock.

Analysts Set New Price Targets

PEBO has been the subject of a number of recent research reports. DA Davidson cut their price objective on shares of Peoples Bancorp from $42.00 to $40.00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd. Piper Sandler upped their price target on Peoples Bancorp from $39.00 to $40.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Finally, Stephens reaffirmed an “equal weight” rating and issued a $37.50 price objective on shares of Peoples Bancorp in a research note on Wednesday, January 22nd. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Peoples Bancorp has a consensus rating of “Hold” and a consensus price target of $38.38.

Peoples Bancorp Trading Down 1.0 %

Shares of PEBO stock opened at $27.28 on Friday. 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 52-week low of $26.21 and a 52-week high of $37.07. The stock has a fifty day simple moving average of $31.20 and a two-hundred day simple moving average of $31.93. The firm has a market capitalization of $973.08 million, a PE ratio of 8.24 and a beta of 0.63.

Peoples Bancorp (NASDAQ:PEBO) last posted its earnings results on Tuesday, January 21st. The bank reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.01. Peoples Bancorp had a net margin of 18.90% and a return on equity of 11.07%. During the same quarter in the previous year, the business earned $1.04 earnings per share. On average, analysts predict that Peoples Bancorp Inc. will post 3.28 EPS for the current fiscal year.

Peoples Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 5.87%. The ex-dividend date was Monday, February 3rd. Peoples Bancorp’s dividend payout ratio is presently 48.34%.

Insider Transactions at Peoples Bancorp

In related news, Director Carol A. Schneeberger sold 1,000 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $30.20, for a total value of $30,200.00. Following the sale, the director now directly owns 25,686 shares of the company’s stock, valued at $775,717.20. This represents a 3.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold a total of 3,000 shares of company stock worth $94,050 in the last three months. 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.