12,422 Shares in Peoples Bancorp Inc. (NASDAQ:PEBO) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new stake in Peoples Bancorp Inc. (NASDAQ:PEBO) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 12,422 shares of the bank’s stock, valued at approximately $394,000.

A number of other large investors have also added to or reduced their stakes in PEBO. Victory Capital Management Inc. grew its holdings in Peoples Bancorp by 24.0% in the fourth quarter. Victory Capital Management Inc. now owns 46,138 shares of the bank’s stock worth $1,462,000 after purchasing an additional 8,938 shares during the last quarter. US Bancorp DE increased its holdings in shares of Peoples Bancorp by 172.8% during the fourth quarter. US Bancorp DE now owns 1,094 shares of the bank’s stock valued at $35,000 after acquiring an additional 693 shares in the last quarter. Shoker Investment Counsel Inc. increased its holdings in shares of Peoples Bancorp by 1.0% during the fourth quarter. Shoker Investment Counsel Inc. now owns 31,467 shares of the bank’s stock valued at $997,000 after acquiring an additional 316 shares in the last quarter. Y Intercept Hong Kong Ltd boosted its stake in Peoples Bancorp by 67.1% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 16,487 shares of the bank’s stock worth $522,000 after purchasing an additional 6,622 shares in the last quarter. Finally, Peoples Bank OH increased its position in shares of Peoples Bancorp by 1.1% in the 4th quarter. Peoples Bank OH now owns 590,905 shares of the bank’s stock valued at $18,726,000 after acquiring an additional 6,250 shares during the period. 60.68% of the stock is currently owned by institutional investors.

Peoples Bancorp Price Performance

Shares of Peoples Bancorp stock opened at $29.93 on Wednesday. The business has a 50-day moving average price of $31.61 and a 200 day moving average price of $32.01. Peoples Bancorp Inc. has a twelve month low of $27.10 and a twelve month high of $37.07. The firm has a market cap of $1.07 billion, a PE ratio of 9.04 and a beta of 0.75. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.21.

Peoples Bancorp (NASDAQ:PEBO) last posted its quarterly earnings data on Tuesday, January 21st. The bank reported $0.76 earnings per share (EPS) 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 prior year, the business earned $1.04 EPS. Sell-side analysts predict that Peoples Bancorp Inc. will post 3.28 earnings per share for the current fiscal year.

Peoples Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were given a $0.40 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.60 annualized dividend and a dividend yield of 5.35%. Peoples Bancorp’s dividend payout ratio (DPR) is presently 48.34%.

Insider Buying and Selling

In other news, Director Carol A. Schneeberger sold 1,000 shares of the firm’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $32.83, for a total value of $32,830.00. Following the transaction, the director now directly owns 26,686 shares of the company’s stock, valued at approximately $876,101.38. This trade represents a 3.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Over the last ninety days, insiders sold 3,000 shares of company stock worth $94,050. 3.41% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have weighed in on PEBO. Piper Sandler boosted their price target on Peoples Bancorp from $39.00 to $40.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Stephens reiterated an “equal weight” rating and issued a $37.50 price target on shares of Peoples Bancorp in a report on Wednesday, January 22nd. Keefe, Bruyette & Woods upped their price target on shares of Peoples Bancorp from $32.00 to $36.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Finally, DA Davidson lowered their price objective 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. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Peoples Bancorp currently has an average rating of “Hold” and a consensus price target of $36.90.

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.