Rhumbline Advisers lifted its position in Peoples Bancorp Inc. (NASDAQ:PEBO) by 46.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 25,583 shares of the bank’s stock after purchasing an additional 8,106 shares during the quarter. Rhumbline Advisers owned about 0.13% of Peoples Bancorp worth $770,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its holdings in shares of Peoples Bancorp by 1.5% in the second quarter. Bank of New York Mellon Corp now owns 118,476 shares of the bank’s stock worth $4,476,000 after purchasing an additional 1,741 shares during the period. Bailard Inc. increased its holdings in shares of Peoples Bancorp by 11.2% in the third quarter. Bailard Inc. now owns 19,800 shares of the bank’s stock worth $694,000 after purchasing an additional 2,000 shares during the period. FMR LLC increased its holdings in shares of Peoples Bancorp by 3.3% in the third quarter. FMR LLC now owns 64,922 shares of the bank’s stock worth $2,274,000 after purchasing an additional 2,056 shares during the period. Swiss National Bank increased its holdings in shares of Peoples Bancorp by 7.3% in the third quarter. Swiss National Bank now owns 30,700 shares of the bank’s stock worth $1,075,000 after purchasing an additional 2,100 shares during the period. Finally, IndexIQ Advisors LLC increased its holdings in shares of Peoples Bancorp by 3.9% in the third quarter. IndexIQ Advisors LLC now owns 64,125 shares of the bank’s stock worth $2,246,000 after purchasing an additional 2,420 shares during the period. 60.81% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ:PEBO opened at $31.80 on Friday. Peoples Bancorp Inc. has a 52-week low of $28.35 and a 52-week high of $39.58. The firm has a market capitalization of $625.89 million, a P/E ratio of 12.05, a P/E/G ratio of 1.39 and a beta of 0.77. 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 (NASDAQ:PEBO) last announced its earnings results on Tuesday, January 22nd. The bank reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.03. Peoples Bancorp had a net margin of 22.18% and a return on equity of 9.94%. The company had revenue of $48.30 million during the quarter, compared to analyst estimates of $47.74 million. Sell-side analysts predict that Peoples Bancorp Inc. will post 2.84 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, February 19th. Investors of record on Monday, February 4th were given a $0.30 dividend. The ex-dividend date was Friday, February 1st. This represents a $1.20 annualized dividend and a yield of 3.77%. Peoples Bancorp’s dividend payout ratio (DPR) is presently 45.45%.
In related news, Director George W. Broughton sold 1,000 shares of the company’s stock in a transaction on Monday, January 28th. The shares were sold at an average price of $32.33, for a total value of $32,330.00. Following the completion of the transaction, the director now directly owns 149,756 shares in the company, valued at $4,841,611.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director George W. Broughton sold 2,000 shares of the company’s stock in a transaction on Friday, January 25th. The stock was sold at an average price of $32.65, for a total transaction of $65,300.00. Following the completion of the transaction, the director now owns 150,756 shares of the company’s stock, valued at $4,922,183.40. The disclosure for this sale can be found here. 3.03% of the stock is currently owned by insiders.
Several research analysts have recently weighed in on the stock. ValuEngine raised shares of Peoples Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Zacks Investment Research lowered shares of Peoples Bancorp from a “hold” rating to a “sell” rating in a research report on Saturday, January 26th. BidaskClub lowered shares of Peoples Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, November 28th. Finally, Boenning Scattergood reiterated a “hold” rating on shares of Peoples Bancorp in a research report on Friday, January 25th. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $38.50.
About Peoples Bancorp
Peoples Bancorp Inc operates as the holding company for Peoples Bank that provides commercial and retail banking products and services. The company accepts various deposit products, including demand deposit accounts, savings accounts, money market accounts, and certificates of deposit; and provides commercial real estate construction loans, other commercial real estate loans, commercial and industrial loans, residential real estate loans, home equity lines of credit, and indirect and other consumer loans.
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