6,682 Shares in Peoples Bancorp Inc. (NASDAQ:PEBO) Acquired by Sapient Capital LLC

Sapient Capital LLC acquired a new position in Peoples Bancorp Inc. (NASDAQ:PEBO) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 6,682 shares of the bank’s stock, valued at approximately $226,000.

A number of other large investors also recently bought and sold shares of PEBO. Bank of New York Mellon Corp raised its stake in Peoples Bancorp by 1.0% in the first quarter. Bank of New York Mellon Corp now owns 177,915 shares of the bank’s stock worth $5,570,000 after buying an additional 1,701 shares in the last quarter. American Century Companies Inc. grew its holdings in Peoples Bancorp by 24.8% in the first quarter. American Century Companies Inc. now owns 47,296 shares of the bank’s stock worth $1,481,000 after purchasing an additional 9,403 shares during the last quarter. D.A. Davidson & CO. purchased a new position in Peoples Bancorp in the first quarter worth $288,000. MetLife Investment Management LLC grew its holdings in Peoples Bancorp by 60.2% in the first quarter. MetLife Investment Management LLC now owns 13,526 shares of the bank’s stock worth $423,000 after purchasing an additional 5,083 shares during the last quarter. Finally, Great West Life Assurance Co. Can grew its holdings in Peoples Bancorp by 45.9% in the first quarter. Great West Life Assurance Co. Can now owns 2,289 shares of the bank’s stock worth $74,000 after purchasing an additional 720 shares during the last quarter. Institutional investors own 60.68% of the company’s stock.

Peoples Bancorp Price Performance

Shares of PEBO opened at $27.55 on Tuesday. The firm has a market capitalization of $977.75 million, a PE ratio of 7.96 and a beta of 0.76. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.83 and a quick ratio of 0.83. Peoples Bancorp Inc. has a 1-year low of $23.05 and a 1-year high of $34.85. The company’s fifty day moving average price is $28.26 and its 200-day moving average price is $29.21.

Peoples Bancorp (NASDAQ:PEBO) last announced its quarterly earnings data on Tuesday, January 23rd. The bank reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.10. The firm had revenue of $112.92 million for the quarter, compared to analyst estimates of $115.00 million. Peoples Bancorp had a net margin of 21.52% and a return on equity of 13.47%. On average, equities research analysts predict that Peoples Bancorp Inc. will post 3.39 EPS for the current year.

Peoples Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 20th. Shareholders of record on Monday, February 5th were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 5.66%. The ex-dividend date of this dividend was Friday, February 2nd. Peoples Bancorp’s payout ratio is 45.09%.

Wall Street Analyst Weigh In

Several research firms have issued reports on PEBO. Piper Sandler began coverage on shares of Peoples Bancorp in a report on Friday, February 23rd. They issued an “overweight” rating and a $34.00 price target on the stock. Hovde Group began coverage on shares of Peoples Bancorp in a report on Monday, April 1st. They issued a “market perform” rating and a $31.00 price target on the stock. Finally, StockNews.com raised shares of Peoples Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, March 13th.

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.