Los Angeles Capital Management LLC Has $301,000 Stock Holdings in Peoples Bancorp Inc. (NASDAQ:PEBO)

Los Angeles Capital Management LLC trimmed its position in Peoples Bancorp Inc. (NASDAQ:PEBO) by 11.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,997 shares of the bank’s stock after selling 1,300 shares during the period. Los Angeles Capital Management LLC’s holdings in Peoples Bancorp were worth $301,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of PEBO. nVerses Capital LLC acquired a new stake in shares of Peoples Bancorp in the 2nd quarter valued at approximately $27,000. Innealta Capital LLC acquired a new stake in shares of Peoples Bancorp in the 2nd quarter valued at approximately $46,000. CWM LLC raised its position in shares of Peoples Bancorp by 503.9% in the 3rd quarter. CWM LLC now owns 1,860 shares of the bank’s stock valued at $56,000 after acquiring an additional 1,552 shares during the period. Quest Partners LLC raised its position in shares of Peoples Bancorp by 20,273.3% in the 2nd quarter. Quest Partners LLC now owns 3,056 shares of the bank’s stock valued at $92,000 after acquiring an additional 3,041 shares during the period. Finally, Future Financial Wealth Managment LLC bought a new stake in Peoples Bancorp during the 3rd quarter worth approximately $123,000. 60.68% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Piper Sandler dropped their target price on shares of Peoples Bancorp from $39.00 to $36.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $33.50.

Insider Activity

In related news, insider Matthew Edgell sold 3,000 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $34.36, for a total transaction of $103,080.00. Following the transaction, the insider now directly owns 16,092 shares in the company, valued at approximately $552,921.12. The trade was a 15.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director S Craig Beam sold 4,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $34.31, for a total transaction of $137,240.00. Following the transaction, the director now owns 23,760 shares in the company, valued at approximately $815,205.60. The trade was a 14.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,541 shares of company stock worth $351,856 over the last ninety days. Insiders own 3.46% of the company’s stock.

Peoples Bancorp Stock Performance

Shares of PEBO stock opened at $35.40 on Monday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.83 and a current ratio of 0.83. The company has a market capitalization of $1.26 billion, a P/E ratio of 10.09 and a beta of 0.74. The company’s 50 day moving average price is $31.25 and its two-hundred day moving average price is $30.65. Peoples Bancorp Inc. has a 52 week low of $26.74 and a 52 week high of $36.19.

Peoples Bancorp (NASDAQ:PEBO) last posted its quarterly earnings data on Tuesday, October 22nd. The bank reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.07. Peoples Bancorp had a net margin of 20.16% and a return on equity of 11.84%. The company had revenue of $158.41 million for the quarter, compared to the consensus estimate of $112.30 million. During the same period last year, the company earned $1.06 earnings per share. On average, analysts expect that Peoples Bancorp Inc. will post 3.31 earnings per share for the current fiscal year.

Peoples Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Monday, November 4th will be issued a $0.40 dividend. The ex-dividend date is Monday, November 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.52%. Peoples Bancorp’s dividend payout ratio (DPR) is presently 45.58%.

Peoples Bancorp Company 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.