Tudor Investment Corp ET AL Raises Stock Holdings in Peoples Bancorp Inc. $PEBO

Tudor Investment Corp ET AL raised its stake in shares of Peoples Bancorp Inc. (NASDAQ:PEBO) by 211.5% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 83,279 shares of the bank’s stock after acquiring an additional 56,548 shares during the period. Tudor Investment Corp ET AL owned approximately 0.23% of Peoples Bancorp worth $2,498,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Creative Planning lifted its position in Peoples Bancorp by 35.5% during the second quarter. Creative Planning now owns 44,061 shares of the bank’s stock valued at $1,346,000 after purchasing an additional 11,533 shares during the period. Segall Bryant & Hamill LLC grew its position in Peoples Bancorp by 32.0% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 216,843 shares of the bank’s stock worth $6,503,000 after purchasing an additional 52,608 shares during the period. American Century Companies Inc. raised its stake in Peoples Bancorp by 8.2% during the 3rd quarter. American Century Companies Inc. now owns 990,923 shares of the bank’s stock valued at $29,718,000 after buying an additional 75,231 shares during the last quarter. Geode Capital Management LLC raised its stake in Peoples Bancorp by 3.0% during the 2nd quarter. Geode Capital Management LLC now owns 926,866 shares of the bank’s stock valued at $28,309,000 after buying an additional 26,786 shares during the last quarter. Finally, Sequoia Financial Advisors LLC bought a new position in shares of Peoples Bancorp during the 3rd quarter valued at $541,000. Hedge funds and other institutional investors own 60.68% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on PEBO. Weiss Ratings raised Peoples Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, January 27th. DA Davidson set a $35.00 target price on Peoples Bancorp in a report on Wednesday, January 21st. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $33.63.

Insider Activity

In other news, EVP Michael Ryan Kirkham sold 986 shares of Peoples Bancorp stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $32.47, for a total transaction of $32,015.42. Following the transaction, the executive vice president directly owned 16,289 shares of the company’s stock, valued at $528,903.83. The trade was a 5.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Carol A. Schneeberger sold 1,895 shares of the business’s stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $31.37, for a total value of $59,446.15. Following the transaction, the director owned 19,309 shares of the company’s stock, valued at approximately $605,723.33. This trade represents a 8.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 5,881 shares of company stock worth $187,392 in the last ninety days. Corporate insiders own 3.31% of the company’s stock.

Peoples Bancorp Stock Down 0.8%

PEBO opened at $32.05 on Friday. The firm’s 50 day simple moving average is $32.53 and its two-hundred day simple moving average is $30.85. The company has a market capitalization of $1.15 billion, a PE ratio of 10.72 and a beta of 0.68. Peoples Bancorp Inc. has a 1-year low of $26.21 and a 1-year high of $34.33. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.17.

Peoples Bancorp (NASDAQ:PEBO) last posted its quarterly earnings data on Tuesday, January 20th. The bank reported $0.93 EPS for the quarter, topping the consensus estimate of $0.88 by $0.05. Peoples Bancorp had a return on equity of 9.51% and a net margin of 17.27%.The firm had revenue of $119.57 million during the quarter, compared to analyst estimates of $117.97 million. As a group, equities analysts forecast that Peoples Bancorp Inc. will post 3.28 EPS for the current year.

Peoples Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Monday, February 2nd were given a $0.41 dividend. The ex-dividend date was Monday, February 2nd. This represents a $1.64 dividend on an annualized basis and a yield of 5.1%. Peoples Bancorp’s dividend payout ratio is presently 54.85%.

About Peoples Bancorp

Peoples Bancorp, Inc is a bank holding company headquartered in Marietta, Ohio. Through its subsidiary Peoples Bank, the company provides a comprehensive range of commercial and consumer banking services designed to serve individuals, businesses and institutional clients. Its deposit products include checking and savings accounts, money market accounts, certificates of deposit and digital banking platforms that enable secure online and mobile access.

On the lending side, Peoples Bancorp offers commercial and industrial loans, commercial real estate financing, construction and agricultural lending, as well as residential mortgage products.