Y Intercept Hong Kong Ltd Has $522,000 Stock Holdings in Peoples Bancorp Inc. (NASDAQ:PEBO)

Y Intercept Hong Kong Ltd boosted its position in Peoples Bancorp Inc. (NASDAQ:PEBO) by 67.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,487 shares of the bank’s stock after buying an additional 6,622 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Peoples Bancorp were worth $522,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of PEBO. Wellington Management Group LLP raised its position in Peoples Bancorp by 153.6% in the 3rd quarter. Wellington Management Group LLP now owns 352,488 shares of the bank’s stock valued at $10,606,000 after buying an additional 213,488 shares during the last quarter. EMC Capital Management raised its position in Peoples Bancorp by 787.3% in the 3rd quarter. EMC Capital Management now owns 57,485 shares of the bank’s stock valued at $1,730,000 after buying an additional 51,006 shares during the last quarter. JPMorgan Chase & Co. raised its position in Peoples Bancorp by 316.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 61,645 shares of the bank’s stock valued at $1,855,000 after buying an additional 46,845 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Peoples Bancorp in the 3rd quarter valued at approximately $1,244,000. Finally, Barclays PLC raised its position in Peoples Bancorp by 138.9% in the 3rd quarter. Barclays PLC now owns 63,096 shares of the bank’s stock valued at $1,898,000 after buying an additional 36,684 shares during the last quarter. Institutional investors and hedge funds own 60.68% of the company’s stock.

Analysts Set New Price Targets

PEBO has been the topic of several recent analyst reports. DA Davidson lowered their price target on Peoples Bancorp from $42.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, January 22nd. Stephens reaffirmed an “equal weight” rating and set a $37.50 price target on shares of Peoples Bancorp in a research report on Wednesday, January 22nd. Keefe, Bruyette & Woods boosted their price target on Peoples Bancorp from $32.00 to $36.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Finally, Piper Sandler boosted 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. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Peoples Bancorp has a consensus rating of “Hold” and a consensus price target of $36.90.

Insider Activity at Peoples Bancorp

In related news, Director Carol A. Schneeberger sold 1,000 shares of the business’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $31.02, for a total value of $31,020.00. Following the completion of the sale, the director now directly owns 27,686 shares in the company, valued at $858,819.72. The trade was a 3.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders sold 3,000 shares of company stock worth $98,670 in the last ninety days. 3.46% of the stock is owned by company insiders.

Peoples Bancorp Stock Up 0.8 %

PEBO stock opened at $32.00 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $1.14 billion, a PE ratio of 9.67 and a beta of 0.78. Peoples Bancorp Inc. has a 1-year low of $26.74 and a 1-year high of $37.07. The business’s 50 day simple moving average is $32.11 and its 200 day simple moving average is $32.10.

Peoples Bancorp (NASDAQ:PEBO) last posted its earnings results on Tuesday, January 21st. The bank reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.01. Peoples Bancorp had a return on equity of 11.07% and a net margin of 18.90%. During the same quarter last year, the firm posted $1.04 EPS. As a group, research analysts anticipate that Peoples Bancorp Inc. will post 3.28 EPS for the current year.

Peoples Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.00%. The ex-dividend date was Monday, February 3rd. Peoples Bancorp’s payout ratio is presently 48.34%.

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.