EMC Capital Management Has $1.73 Million Stock Holdings in Peoples Bancorp Inc. (NASDAQ:PEBO)

EMC Capital Management raised its stake in shares of Peoples Bancorp Inc. (NASDAQ:PEBO) by 787.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 57,485 shares of the bank’s stock after purchasing an additional 51,006 shares during the quarter. EMC Capital Management owned 0.16% of Peoples Bancorp worth $1,730,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. nVerses Capital LLC acquired a new position in shares of Peoples Bancorp in the 2nd quarter valued at $27,000. Innealta Capital LLC acquired a new position in Peoples Bancorp in the second quarter valued at about $46,000. CWM LLC boosted its holdings in Peoples Bancorp by 503.9% during the third quarter. CWM LLC now owns 1,860 shares of the bank’s stock worth $56,000 after buying an additional 1,552 shares during the last quarter. Quest Partners LLC grew its position in shares of Peoples Bancorp by 20,273.3% during the 2nd quarter. Quest Partners LLC now owns 3,056 shares of the bank’s stock worth $92,000 after buying an additional 3,041 shares during the period. Finally, Future Financial Wealth Managment LLC acquired a new position in shares of Peoples Bancorp during the 3rd quarter worth about $123,000. Institutional investors and hedge funds own 60.68% of the company’s stock.

Peoples Bancorp Stock Up 0.2 %

NASDAQ:PEBO opened at $30.83 on Friday. Peoples Bancorp Inc. has a 1 year low of $26.74 and a 1 year high of $34.85. The stock has a 50-day moving average price of $30.67 and a two-hundred day moving average price of $30.25. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 8.78 and a beta of 0.75. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.22.

Peoples Bancorp (NASDAQ:PEBO) last released its quarterly earnings data on Tuesday, October 22nd. The bank reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.07. Peoples Bancorp had a return on equity of 12.01% and a net margin of 20.16%. The business had revenue of $158.41 million for the quarter, compared to analysts’ expectations of $112.30 million. During the same quarter in the previous year, the business posted $1.06 EPS. As a group, equities analysts expect that Peoples Bancorp Inc. will post 3.31 earnings per share for the current year.

Peoples Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Monday, November 4th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 5.19%. The ex-dividend date is Monday, November 4th. Peoples Bancorp’s dividend payout ratio (DPR) is presently 45.58%.

Wall Street Analyst Weigh In

Separately, Piper Sandler reduced their price objective on shares of Peoples Bancorp from $39.00 to $36.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 23rd. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $33.50.

Insider Transactions at Peoples Bancorp

In related news, Director David F. Dierker sold 1,000 shares of the firm’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $30.36, for a total transaction of $30,360.00. Following the sale, the director now directly owns 10,330 shares in the company, valued at $313,618.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders sold 2,541 shares of company stock valued at $77,406 over the last quarter. Corporate insiders own 3.46% of the company’s stock.

About Peoples Bancorp

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.