Jupiter Topco LLC Invests $662,000 in Peoples Bancorp Inc. $PEBO

Jupiter Topco LLC purchased a new position in shares of Peoples Bancorp Inc. (NASDAQ:PEBO) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 17,248 shares of the bank’s stock, valued at approximately $662,000.

Several other institutional investors have also added to or reduced their stakes in the company. D.A. Davidson & CO. lifted its holdings in shares of Peoples Bancorp by 1.3% during the first quarter. D.A. Davidson & CO. now owns 24,366 shares of the bank’s stock worth $801,000 after buying an additional 320 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of Peoples Bancorp by 1.6% in the fourth quarter. Cetera Investment Advisers now owns 24,348 shares of the bank’s stock valued at $731,000 after acquiring an additional 385 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its position in Peoples Bancorp by 2.5% during the second quarter. CANADA LIFE ASSURANCE Co now owns 16,600 shares of the bank’s stock worth $508,000 after acquiring an additional 400 shares during the period. Pathway Financial Advisers LLC increased its position in Peoples Bancorp by 1.2% during the fourth quarter. Pathway Financial Advisers LLC now owns 35,520 shares of the bank’s stock worth $1,067,000 after acquiring an additional 414 shares during the period. Finally, Inspire Investing LLC raised its stake in Peoples Bancorp by 2.8% in the 4th quarter. Inspire Investing LLC now owns 15,582 shares of the bank’s stock worth $468,000 after purchasing an additional 420 shares in the last quarter. 60.68% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

PEBO has been the subject of a number of recent research reports. Piper Sandler set a $46.00 price objective on shares of Peoples Bancorp in a report on Wednesday, July 22nd. DA Davidson lifted their price target on shares of Peoples Bancorp from $41.00 to $44.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. Keefe, Bruyette & Woods boosted their price target on Peoples Bancorp from $38.00 to $42.00 and gave the company a “market perform” rating in a research note on Wednesday, July 22nd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Peoples Bancorp in a research report on Wednesday, August 26th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $42.00.

Peoples Bancorp Price Performance

PEBO stock opened at $39.99 on Monday. The company’s 50-day moving average price is $39.94 and its two-hundred day moving average price is $36.06. The firm has a market cap of $1.44 billion, a P/E ratio of 12.08 and a beta of 0.59. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.13. Peoples Bancorp Inc. has a 12 month low of $27.49 and a 12 month high of $42.29.

Peoples Bancorp (NASDAQ:PEBO) last posted its quarterly earnings results on Tuesday, July 21st. The bank reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.11. Peoples Bancorp had a net margin of 19.17% and a return on equity of 10.71%. The business had revenue of $121.95 million for the quarter, compared to analyst estimates of $120.05 million. On average, analysts anticipate that Peoples Bancorp Inc. will post 3.56 earnings per share for the current fiscal year.

Peoples Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 3rd were given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date was Monday, August 3rd. Peoples Bancorp’s payout ratio is currently 50.76%.

Insider Activity

In related news, insider Matthew Edgell sold 3,000 shares of the firm’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $41.27, for a total transaction of $123,810.00. Following the completion of the transaction, the insider directly owned 20,183 shares of the company’s stock, valued at $832,952.41. This trade represents a 12.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dwight Smith purchased 1,000 shares of Peoples Bancorp stock in a transaction on Thursday, July 23rd. The stock was bought at an average price of $39.81 per share, for a total transaction of $39,810.00. Following the transaction, the director directly owned 10,256 shares in the company, valued at approximately $408,291.36. The trade was a 10.80% increase in their position. The disclosure for this purchase is available in the SEC filing. 3.31% of the stock is currently owned by insiders.

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.