Uncommon Cents Investing LLC purchased a new position in Peoples Bancorp Inc. (NASDAQ:PEBO) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 20,750 shares of the bank’s stock, valued at approximately $739,000.
Other large investors have also recently made changes to their positions in the company. SG Americas Securities LLC bought a new position in Peoples Bancorp in the third quarter worth approximately $103,000. Citigroup Inc. boosted its holdings in Peoples Bancorp by 361.7% in the second quarter. Citigroup Inc. now owns 6,694 shares of the bank’s stock worth $215,000 after acquiring an additional 5,244 shares in the last quarter. Wedge Capital Management L L P NC bought a new position in Peoples Bancorp in the third quarter worth approximately $252,000. Virginia Retirement Systems ET AL bought a new position in Peoples Bancorp in the third quarter worth approximately $272,000. Finally, Goldman Sachs Group Inc. boosted its holdings in Peoples Bancorp by 36.5% in the second quarter. Goldman Sachs Group Inc. now owns 9,344 shares of the bank’s stock worth $300,000 after acquiring an additional 2,499 shares in the last quarter. Institutional investors and hedge funds own 61.68% of the company’s stock.
In related news, Director Terry Thomas Sweet bought 2,000 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were bought at an average price of $33.97 per share, for a total transaction of $67,940.00. Following the completion of the acquisition, the director now directly owns 4,767 shares of the company’s stock, valued at $161,934.99. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.04% of the stock is owned by company insiders.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 20th. Stockholders of record on Monday, February 5th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date is Friday, February 2nd. This is a positive change from Peoples Bancorp’s previous quarterly dividend of $0.22. Peoples Bancorp’s dividend payout ratio (DPR) is currently 49.52%.
Several research analysts have issued reports on the company. Zacks Investment Research upgraded Peoples Bancorp from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a report on Thursday, January 4th. BidaskClub lowered Peoples Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, January 23rd. Boenning Scattergood restated a “hold” rating on shares of Peoples Bancorp in a report on Wednesday, January 10th. ValuEngine upgraded Peoples Bancorp from a “hold” rating to a “buy” rating in a report on Saturday, February 3rd. Finally, Sandler O’Neill restated a “hold” rating and issued a $37.00 target price on shares of Peoples Bancorp in a report on Tuesday, January 23rd. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $35.25.
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About Peoples Bancorp
Peoples Bancorp Inc is a financial holding company. The Company operates principally through its subsidiary, Peoples Bank. Peoples Bank’s operating subsidiaries include Peoples Insurance Agency, LLC (Peoples Insurance) and two asset management companies, PBNA, LLC and Peoples Tax Credit Equity, LLC. Peoples Investment Company has one subsidiary, Peoples Capital Corporation.
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