Y Intercept Hong Kong Ltd Buys 6,622 Shares of Peoples Bancorp Inc. (NASDAQ:PEBO)

Y Intercept Hong Kong Ltd grew its stake in shares of Peoples Bancorp Inc. (NASDAQ:PEBO) by 67.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 16,487 shares of the bank’s stock after acquiring an additional 6,622 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Peoples Bancorp were worth $522,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of PEBO. Wellington Management Group LLP lifted its position in shares of Peoples Bancorp by 153.6% during the 3rd quarter. Wellington Management Group LLP now owns 352,488 shares of the bank’s stock valued at $10,606,000 after acquiring an additional 213,488 shares during the period. EMC Capital Management lifted its position in shares of Peoples Bancorp by 787.3% during the 3rd quarter. EMC Capital Management now owns 57,485 shares of the bank’s stock valued at $1,730,000 after acquiring an additional 51,006 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Peoples Bancorp by 316.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 61,645 shares of the bank’s stock valued at $1,855,000 after acquiring an additional 46,845 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Peoples Bancorp during the 3rd quarter worth $1,244,000. Finally, Barclays PLC raised its holdings in shares of Peoples Bancorp by 138.9% during the 3rd quarter. Barclays PLC now owns 63,096 shares of the bank’s stock worth $1,898,000 after buying an additional 36,684 shares in the last quarter. 60.68% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Carol A. Schneeberger sold 1,000 shares of the stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $31.02, for a total value of $31,020.00. Following the completion of the sale, the director now owns 27,686 shares of the company’s stock, valued at approximately $858,819.72. This represents a 3.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last quarter, insiders sold 3,000 shares of company stock valued at $98,670. Company insiders own 3.46% of the company’s stock.

Peoples Bancorp Price Performance

Shares of PEBO opened at $32.00 on Friday. Peoples Bancorp Inc. has a 12-month low of $26.74 and a 12-month high of $37.07. The business has a 50-day simple moving average of $32.11 and a two-hundred day simple moving average of $32.10. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.21. The stock has a market cap of $1.14 billion, a PE ratio of 9.67 and a beta of 0.78.

Peoples Bancorp (NASDAQ:PEBO) last issued its earnings results on Tuesday, January 21st. The bank reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.01. Peoples Bancorp had a return on equity of 11.07% and a net margin of 18.90%. During the same period in the previous year, the firm posted $1.04 earnings per share. Analysts anticipate that Peoples Bancorp Inc. will post 3.28 earnings per share for the current fiscal year.

Peoples Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were paid a $0.40 dividend. The ex-dividend date was Monday, February 3rd. This represents a $1.60 annualized dividend and a dividend yield of 5.00%. Peoples Bancorp’s payout ratio is 48.34%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on PEBO shares. DA Davidson lowered their price target on Peoples Bancorp from $42.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, January 22nd. Keefe, Bruyette & Woods boosted their price target on Peoples Bancorp from $32.00 to $36.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Stephens reissued an “equal weight” rating and set a $37.50 price target on shares of Peoples Bancorp in a report on Wednesday, January 22nd. Finally, Piper Sandler boosted their price target on Peoples Bancorp from $39.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $36.90.

Peoples Bancorp Company 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.