EntryPoint Capital LLC Takes Position in Peoples Bancorp Inc. (NASDAQ:PEBO)

EntryPoint Capital LLC bought a new position in Peoples Bancorp Inc. (NASDAQ:PEBO) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 8,043 shares of the bank’s stock, valued at approximately $255,000.

Several other hedge funds also recently made changes to their positions in the company. US Bancorp DE grew its holdings in Peoples Bancorp by 172.8% in the 4th quarter. US Bancorp DE now owns 1,094 shares of the bank’s stock worth $35,000 after acquiring an additional 693 shares during the last quarter. FMR LLC boosted its holdings in shares of Peoples Bancorp by 42.0% during the third quarter. FMR LLC now owns 1,252 shares of the bank’s stock worth $38,000 after purchasing an additional 370 shares during the period. Spire Wealth Management bought a new stake in shares of Peoples Bancorp in the fourth quarter worth about $43,000. Quantbot Technologies LP grew its stake in shares of Peoples Bancorp by 223.3% in the third quarter. Quantbot Technologies LP now owns 3,964 shares of the bank’s stock worth $119,000 after purchasing an additional 2,738 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in Peoples Bancorp during the 4th quarter valued at about $241,000. 60.68% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. DA Davidson dropped their price objective on Peoples Bancorp from $42.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, January 22nd. Piper Sandler raised their price target on Peoples Bancorp from $39.00 to $40.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. Stephens reiterated an “equal weight” rating and set a $37.50 price target on shares of Peoples Bancorp in a research report on Wednesday, January 22nd. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Peoples Bancorp from $32.00 to $36.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Peoples Bancorp presently has a consensus rating of “Hold” and a consensus target price of $36.90.

Insider Activity at Peoples Bancorp

In other news, Director Carol A. Schneeberger sold 1,000 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $32.83, for a total value of $32,830.00. Following the sale, the director now directly owns 26,686 shares of the company’s stock, valued at approximately $876,101.38. This represents a 3.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold a total of 3,000 shares of company stock valued at $94,050 in the last 90 days. Corporate insiders own 3.41% of the company’s stock.

Peoples Bancorp Stock Performance

Shares of PEBO stock opened at $29.77 on Friday. The company’s fifty day moving average price is $31.53 and its 200-day moving average price is $31.98. The stock has a market cap of $1.06 billion, a PE ratio of 8.99 and a beta of 0.75. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.21. Peoples Bancorp Inc. has a 12 month low of $27.10 and a 12 month high of $37.07.

Peoples Bancorp (NASDAQ:PEBO) last posted its quarterly earnings data on Tuesday, January 21st. The bank reported $0.76 EPS for the quarter, topping the consensus estimate of $0.75 by $0.01. Peoples Bancorp had a net margin of 18.90% and a return on equity of 11.07%. During the same quarter last year, the company earned $1.04 EPS. On average, equities analysts expect that Peoples Bancorp Inc. will post 3.28 EPS for the current fiscal year.

Peoples Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were paid a $0.40 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.60 annualized dividend and a dividend yield of 5.37%. Peoples Bancorp’s payout ratio is currently 48.34%.

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.