Shoker Investment Counsel Inc. Sells 2,762 Shares of Peoples Bancorp Inc. $PEBO

Shoker Investment Counsel Inc. trimmed its holdings in shares of Peoples Bancorp Inc. (NASDAQ:PEBO) by 8.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 29,044 shares of the bank’s stock after selling 2,762 shares during the period. Shoker Investment Counsel Inc. owned approximately 0.08% of Peoples Bancorp worth $887,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Parallel Advisors LLC lifted its holdings in shares of Peoples Bancorp by 132.3% during the second quarter. Parallel Advisors LLC now owns 864 shares of the bank’s stock valued at $26,000 after purchasing an additional 492 shares in the last quarter. Strs Ohio bought a new position in Peoples Bancorp during the 1st quarter valued at about $62,000. Nisa Investment Advisors LLC boosted its holdings in shares of Peoples Bancorp by 31.9% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,931 shares of the bank’s stock valued at $90,000 after acquiring an additional 709 shares during the last quarter. CWM LLC boosted its holdings in shares of Peoples Bancorp by 86.7% during the 1st quarter. CWM LLC now owns 4,976 shares of the bank’s stock valued at $148,000 after acquiring an additional 2,311 shares during the last quarter. Finally, Ieq Capital LLC bought a new stake in shares of Peoples Bancorp in the first quarter worth approximately $242,000. Institutional investors own 60.68% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on PEBO. Piper Sandler dropped their target price on shares of Peoples Bancorp from $36.00 to $33.50 and set an “overweight” rating on the stock in a report on Wednesday, October 22nd. Zacks Research upgraded Peoples Bancorp from a “strong sell” rating to a “hold” rating in a research note on Monday, September 22nd. Wall Street Zen upgraded Peoples Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, October 25th. DA Davidson started coverage on Peoples Bancorp in a research report on Wednesday, October 22nd. They issued a “buy” rating and a $33.00 target price on the stock. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Peoples Bancorp in a research report on Friday, October 31st. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $33.13.

Peoples Bancorp Price Performance

NASDAQ PEBO opened at $28.43 on Tuesday. The business’s fifty day moving average is $29.53 and its 200 day moving average is $29.89. Peoples Bancorp Inc. has a fifty-two week low of $26.21 and a fifty-two week high of $37.07. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.82 and a current ratio of 0.82. The company has a market capitalization of $1.02 billion, a PE ratio of 9.94 and a beta of 0.70.

Peoples Bancorp (NASDAQ:PEBO) last issued its quarterly earnings results on Tuesday, October 21st. The bank reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.07. The business had revenue of $118.51 million during the quarter, compared to analysts’ expectations of $116.88 million. Peoples Bancorp had a return on equity of 9.45% and a net margin of 16.57%. Sell-side analysts predict that Peoples Bancorp Inc. will post 3.28 earnings per share for the current year.

Peoples Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 18th. Shareholders of record on Tuesday, November 4th will be given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date is Tuesday, November 4th. Peoples Bancorp’s dividend payout ratio is presently 57.34%.

Insiders Place Their Bets

In other news, Director Kevin R. Reeves acquired 1,250 shares of Peoples Bancorp stock in a transaction dated Tuesday, November 11th. The stock was purchased at an average cost of $29.11 per share, with a total value of $36,387.50. Following the completion of the purchase, the director directly owned 13,055 shares in the company, valued at approximately $380,031.05. This trade represents a 10.59% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Carol A. Schneeberger sold 1,000 shares of Peoples Bancorp stock in a transaction on Wednesday, October 8th. The shares were sold at an average price of $30.22, for a total transaction of $30,220.00. Following the transaction, the director owned 23,767 shares in the company, valued at approximately $718,238.74. This trade represents a 4.04% decrease in their position. The SEC filing for this sale provides additional information. Insiders bought a total of 3,910 shares of company stock worth $113,120 over the last three months. 3.41% of the stock is currently owned by company insiders.

Peoples Bancorp 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.