De Lisle Partners LLP acquired a new stake in Peoples Bancorp Inc. (NASDAQ:PEBO – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 21,461 shares of the bank’s stock, valued at approximately $925,000. De Lisle Partners LLP owned 0.06% of Peoples Bancorp as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Larson Financial Group LLC acquired a new position in Peoples Bancorp during the 3rd quarter worth approximately $30,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Peoples Bancorp in the second quarter valued at approximately $33,000. Quarry LP purchased a new stake in shares of Peoples Bancorp during the third quarter valued at approximately $35,000. Allworth Financial LP acquired a new position in shares of Peoples Bancorp during the second quarter worth $50,000. Finally, Strs Ohio acquired a new stake in Peoples Bancorp during the 1st quarter valued at $62,000. 60.68% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other news, insider Matthew Edgell sold 3,000 shares of the stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $41.27, for a total value of $123,810.00. Following the completion of the sale, the insider directly owned 20,183 shares of the company’s stock, valued at $832,952.41. This represents a 12.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dwight Eric Smith acquired 1,000 shares of the stock in a transaction that occurred on Thursday, July 23rd. The shares were bought at an average cost of $39.81 per share, for a total transaction of $39,810.00. Following the completion of the transaction, the director directly owned 10,256 shares of the company’s stock, valued at $408,291.36. This represents a 10.80% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 3.31% of the company’s stock.
Wall Street Analysts Forecast Growth
Read Our Latest Stock Report on PEBO
Peoples Bancorp Stock Performance
Shares of NASDAQ:PEBO opened at $40.06 on Monday. The company has a 50 day moving average of $39.38 and a 200-day moving average of $35.64. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.13. The firm has a market cap of $1.44 billion, a P/E ratio of 12.10 and a beta of 0.61. Peoples Bancorp Inc. has a twelve month low of $27.49 and a twelve month high of $42.29.
Peoples Bancorp (NASDAQ:PEBO – Get Free Report) last issued its quarterly earnings results on Tuesday, July 21st. The bank reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.11. Peoples Bancorp had a return on equity of 10.71% and a net margin of 19.17%.The company had revenue of $121.95 million for the quarter, compared to analysts’ expectations of $120.05 million. As a group, analysts anticipate that Peoples Bancorp Inc. will post 3.56 earnings per share for the current fiscal year.
Peoples Bancorp Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 3rd were paid a dividend of $0.42 per share. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $1.68 dividend on an annualized basis and a yield of 4.2%. Peoples Bancorp’s dividend payout ratio is currently 50.76%.
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.
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