LSV Asset Management Has $7.28 Million Stake in Peoples Bancorp Inc. (NASDAQ:PEBO)

LSV Asset Management lowered its holdings in shares of Peoples Bancorp Inc. (NASDAQ:PEBO) by 0.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 215,759 shares of the bank’s stock after selling 1,600 shares during the quarter. LSV Asset Management’s holdings in Peoples Bancorp were worth $7,284,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Federated Hermes Inc. raised its holdings in shares of Peoples Bancorp by 220.5% in the 4th quarter. Federated Hermes Inc. now owns 76,995 shares of the bank’s stock worth $2,599,000 after buying an additional 52,972 shares in the last quarter. Private Management Group Inc. increased its stake in shares of Peoples Bancorp by 8.7% in the third quarter. Private Management Group Inc. now owns 634,249 shares of the bank’s stock valued at $16,097,000 after buying an additional 50,701 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Peoples Bancorp by 136.5% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 78,527 shares of the bank’s stock valued at $1,993,000 after buying an additional 45,328 shares during the last quarter. Inspire Investing LLC acquired a new stake in Peoples Bancorp in the 3rd quarter valued at about $934,000. Finally, American Century Companies Inc. raised its stake in shares of Peoples Bancorp by 15.0% in the third quarter. American Century Companies Inc. now owns 273,435 shares of the bank’s stock worth $6,940,000 after acquiring an additional 35,603 shares during the last quarter. Institutional investors own 60.68% of the company’s stock.

Wall Street Analyst Weigh In

PEBO has been the topic of several research analyst reports. Stephens reissued an “equal weight” rating and set a $34.00 price target on shares of Peoples Bancorp in a research note on Wednesday, April 24th. StockNews.com raised Peoples Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, April 27th. Hovde Group assumed coverage on Peoples Bancorp in a report on Monday, April 1st. They issued a “market perform” rating and a $31.00 price target on the stock. Keefe, Bruyette & Woods restated a “market perform” rating and set a $33.00 target price (down from $36.00) on shares of Peoples Bancorp in a research report on Wednesday, April 24th. Finally, Piper Sandler started coverage on shares of Peoples Bancorp in a research report on Friday, February 23rd. They set an “overweight” rating and a $34.00 price target for the company. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $33.40.

Peoples Bancorp Trading Up 0.8 %

NASDAQ:PEBO opened at $30.21 on Thursday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.22. Peoples Bancorp Inc. has a 1-year low of $23.05 and a 1-year high of $34.85. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 9.04 and a beta of 0.76. The business’s 50-day moving average price is $28.54 and its two-hundred day moving average price is $29.59.

Peoples Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Monday, May 6th will be paid a dividend of $0.40 per share. This is a positive change from Peoples Bancorp’s previous quarterly dividend of $0.39. The ex-dividend date is Friday, May 3rd. This represents a $1.60 annualized dividend and a yield of 5.30%. Peoples Bancorp’s dividend payout ratio (DPR) is presently 47.90%.

Insider Activity at Peoples Bancorp

In other Peoples Bancorp news, CEO Tyler J. Wilcox sold 8,621 shares of the stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $29.01, for a total value of $250,095.21. Following the sale, the chief executive officer now directly owns 40,231 shares in the company, valued at $1,167,101.31. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 3.46% of the company’s stock.

About Peoples Bancorp

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.