De Lisle Partners LLP Makes New Investment in Peoples Bancorp Inc. $PEBO

De Lisle Partners LLP purchased a new stake in Peoples Bancorp Inc. (NASDAQ:PEBO) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 21,461 shares of the bank’s stock, valued at approximately $925,000.

Other institutional investors have also bought and sold shares of the company. Royal Bank of Canada increased its position in Peoples Bancorp by 4.9% in the 1st quarter. Royal Bank of Canada now owns 23,996 shares of the bank’s stock valued at $711,000 after acquiring an additional 1,111 shares in the last quarter. AQR Capital Management LLC raised its holdings in Peoples Bancorp by 46.5% in the first quarter. AQR Capital Management LLC now owns 101,653 shares of the bank’s stock worth $3,015,000 after purchasing an additional 32,259 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Peoples Bancorp by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,544 shares of the bank’s stock worth $609,000 after acquiring an additional 862 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Peoples Bancorp by 6.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 82,290 shares of the bank’s stock valued at $2,441,000 after purchasing an additional 5,175 shares in the last quarter. Finally, Jane Street Group LLC lifted its stake in Peoples Bancorp by 87.2% in the first quarter. Jane Street Group LLC now owns 64,668 shares of the bank’s stock valued at $1,918,000 after buying an additional 30,121 shares in the last quarter. Institutional investors and hedge funds own 60.68% of the company’s stock.

Peoples Bancorp Stock Performance

PEBO stock opened at $40.06 on Monday. Peoples Bancorp Inc. has a one year low of $27.49 and a one year high of $42.29. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of 12.10 and a beta of 0.61. The company has a fifty day moving average price of $39.38 and a two-hundred day moving average price of $35.64. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.85 and a quick ratio of 0.85.

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

Peoples Bancorp Announces Dividend

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

Insider Buying and Selling

In other news, Director Dwight Eric Smith purchased 1,000 shares of Peoples Bancorp stock in a transaction that occurred on Thursday, July 23rd. The stock was acquired at an average cost of $39.81 per share, for a total transaction of $39,810.00. Following the purchase, the director directly owned 10,256 shares of the company’s stock, valued at $408,291.36. This trade represents a 10.80% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Matthew Edgell sold 3,000 shares of the stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $41.27, for a total value of $123,810.00. Following the transaction, the insider owned 20,183 shares in the company, valued at $832,952.41. The trade was a 12.94% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 3.31% of the company’s stock.

Analysts Set New Price Targets

PEBO has been the subject of a number of research reports. DA Davidson increased their price objective on Peoples Bancorp from $41.00 to $44.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Keefe, Bruyette & Woods upped their target price on Peoples Bancorp from $38.00 to $42.00 and gave the stock a “market perform” rating in a report on Wednesday, July 22nd. Weiss Ratings restated a “buy (b)” rating on shares of Peoples Bancorp in a research note on Friday, May 29th. Finally, Piper Sandler set a $46.00 price objective on Peoples Bancorp in a research note on Wednesday, July 22nd. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $42.00.

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.