5 Dividend Stocks to Buy According to Fred Cummings’ Elizabeth Park Capital Management

2. Peoples Bancorp Inc. (NASDAQ:PEBO)

Elizabeth Park Capital Management Stake Value: $5,758,000
Percentage of Elizabeth Park Capital Management’s 13F Portfolio: 2.02%
Number of Hedge Fund Holders: 13
Dividend Yield: 4.35%

Peoples Bancorp Inc. (NASDAQ:PEBO) is a financial holding company that offers banking, investing, insurance, and trust services. In September, R. Scott Siefers of Piper Sandler upgraded Peoples Bancorp Inc. (NASDAQ:PEBO) to “Overweight” from “Neutral,” with a price target of $35, up from $32.

In the third quarter of 2021, Peoples Bancorp Inc. (NASDAQ:PEBO) had an EPS of -$0.28, missing estimates by $0.21. The company’s revenue was $58.92 million, up 13.5% year over year and beating estimates by $1.86 million. Peoples Bancorp Inc. (NASDAQ:PEBO) also announced a quarterly dividend of $0.36 per share, in line with the previous.

In the third of 2021, 13 hedge funds out of the 867 tracked by Insider Monkey held stakes in Peoples Bancorp Inc. (NASDAQ:PEBO), worth roughly $26.78 million. This is compared to 10 hedge funds in the previous quarter with a total stake value of approximately $20.64 million.