Segall Bryant & Hamill LLC Acquires 57,650 Shares of Peoples Bancorp Inc. $PEBO

Segall Bryant & Hamill LLC grew its holdings in Peoples Bancorp Inc. (NASDAQ:PEBO) by 28.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 259,843 shares of the bank’s stock after purchasing an additional 57,650 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Peoples Bancorp were worth $8,541,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Larson Financial Group LLC acquired a new stake in Peoples Bancorp during the third quarter worth approximately $30,000. Quarry LP acquired a new position in Peoples Bancorp in the third quarter valued at approximately $35,000. Strs Ohio bought a new position in shares of Peoples Bancorp during the 1st quarter worth approximately $62,000. Nisa Investment Advisors LLC boosted its holdings in shares of Peoples Bancorp by 19.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,688 shares of the bank’s stock worth $81,000 after buying an additional 445 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its position in shares of Peoples Bancorp by 654.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 3,100 shares of the bank’s stock worth $93,000 after buying an additional 2,689 shares during the period. Institutional investors own 60.68% of the company’s stock.

Peoples Bancorp Stock Performance

NASDAQ PEBO opened at $41.66 on Monday. The company has a market cap of $1.50 billion, a price-to-earnings ratio of 12.59 and a beta of 0.62. Peoples Bancorp Inc. has a 52 week low of $27.49 and a 52 week high of $42.29. The business has a 50 day moving average price of $37.63 and a 200-day moving average price of $34.66. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.13.

Peoples Bancorp (NASDAQ:PEBO) last issued its earnings results on Tuesday, July 21st. The bank reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.11. Peoples Bancorp had a return on equity of 10.71% and a net margin of 19.17%.The company had revenue of $121.95 million for the quarter, compared to analyst estimates of $120.05 million. As a group, equities analysts expect that Peoples Bancorp Inc. will post 3.56 earnings per share for the current fiscal year.

Peoples Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, August 3rd will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Monday, August 3rd. Peoples Bancorp’s payout ratio is 50.76%.

Insiders Place Their Bets

In other Peoples Bancorp news, Director Dwight Eric Smith acquired 1,000 shares of the stock in a transaction on Thursday, July 23rd. The shares were purchased at an average price of $39.81 per share, for a total transaction of $39,810.00. Following the completion of the acquisition, the director owned 10,256 shares in the company, valued at approximately $408,291.36. This represents a 10.80% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 3.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on PEBO shares. Piper Sandler set a $46.00 price objective on shares of Peoples Bancorp in a research note on Wednesday, July 22nd. Keefe, Bruyette & Woods raised their price target on shares of Peoples Bancorp from $38.00 to $42.00 and gave the stock a “market perform” rating in a report on Wednesday, July 22nd. DA Davidson lifted their price target on shares of Peoples Bancorp from $41.00 to $44.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Peoples Bancorp in a report on Friday, May 29th. Finally, Hovde Group upped their price objective on shares of Peoples Bancorp from $33.00 to $36.00 and gave the company a “market perform” rating in a report on Wednesday, April 22nd. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $42.00.

Peoples Bancorp Company Profile

Peoples Bancorp, Inc is a bank holding company headquartered in Marietta, Ohio. Through its subsidiary Peoples Bank, the company provides a comprehensive range of commercial and consumer banking services designed to serve individuals, businesses and institutional clients. Its deposit products include checking and savings accounts, money market accounts, certificates of deposit and digital banking platforms that enable secure online and mobile access.

On the lending side, Peoples Bancorp offers commercial and industrial loans, commercial real estate financing, construction and agricultural lending, as well as residential mortgage products.