Connor Clark & Lunn Investment Management Ltd. Acquires 5,260 Shares of Peoples Bancorp Inc. (NASDAQ:PEBO)

Connor Clark & Lunn Investment Management Ltd. lifted its stake in Peoples Bancorp Inc. (NASDAQ:PEBO) by 12.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,595 shares of the bank’s stock after purchasing an additional 5,260 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.13% of Peoples Bancorp worth $1,477,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Victory Capital Management Inc. raised its stake in shares of Peoples Bancorp by 6.1% in the third quarter. Victory Capital Management Inc. now owns 37,200 shares of the bank’s stock worth $1,119,000 after buying an additional 2,150 shares during the period. Thrivent Financial for Lutherans increased its holdings in Peoples Bancorp by 34.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 57,078 shares of the bank’s stock worth $1,717,000 after acquiring an additional 14,658 shares in the last quarter. Quest Partners LLC raised its stake in Peoples Bancorp by 808.2% during the 3rd quarter. Quest Partners LLC now owns 27,754 shares of the bank’s stock worth $835,000 after acquiring an additional 24,698 shares during the period. Foundry Partners LLC lifted its holdings in Peoples Bancorp by 21.1% during the third quarter. Foundry Partners LLC now owns 162,956 shares of the bank’s stock valued at $4,903,000 after purchasing an additional 28,346 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Peoples Bancorp by 1.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 295,203 shares of the bank’s stock worth $8,883,000 after purchasing an additional 5,071 shares during the period. 60.68% of the stock is currently owned by hedge funds and other institutional investors.

Peoples Bancorp Stock Up 0.4 %

PEBO opened at $30.03 on Thursday. The company has a market capitalization of $1.07 billion, a PE ratio of 9.07 and a beta of 0.75. The firm has a 50-day simple moving average of $31.67 and a two-hundred day simple moving average of $32.03. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.21. Peoples Bancorp Inc. has a 52 week low of $27.10 and a 52 week high of $37.07.

Peoples Bancorp (NASDAQ:PEBO) last announced its quarterly earnings results on Tuesday, January 21st. The bank reported $0.76 EPS for the quarter, beating 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 quarter last year, the firm earned $1.04 earnings per share. Analysts forecast that Peoples Bancorp Inc. will post 3.28 earnings per share for the current fiscal year.

Peoples Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.33%. The ex-dividend date was Monday, February 3rd. Peoples Bancorp’s dividend payout ratio (DPR) is presently 48.34%.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other Peoples Bancorp news, Director Carol A. Schneeberger sold 1,000 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $32.83, for a total transaction of $32,830.00. Following the completion of the transaction, the director now owns 26,686 shares in the company, valued at $876,101.38. This trade represents a 3.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last 90 days, insiders have sold 3,000 shares of company stock worth $94,050. Insiders own 3.41% of the company’s stock.

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.