ProShare Advisors LLC Sells 7,199 Shares of Peoples Bancorp Inc. (NASDAQ:PEBO)

ProShare Advisors LLC trimmed its holdings in shares of Peoples Bancorp Inc. (NASDAQ:PEBO) by 3.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 230,009 shares of the bank’s stock after selling 7,199 shares during the quarter. ProShare Advisors LLC owned approximately 0.65% of Peoples Bancorp worth $7,289,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of PEBO. Shoker Investment Counsel Inc. increased its holdings in shares of Peoples Bancorp by 1.0% in the 4th quarter. Shoker Investment Counsel Inc. now owns 31,467 shares of the bank’s stock valued at $997,000 after acquiring an additional 316 shares during the period. Arizona State Retirement System boosted its position in Peoples Bancorp by 6.1% during the fourth quarter. Arizona State Retirement System now owns 10,304 shares of the bank’s stock valued at $327,000 after purchasing an additional 595 shares in the last quarter. US Bancorp DE grew its stake in Peoples Bancorp by 172.8% in the fourth quarter. US Bancorp DE now owns 1,094 shares of the bank’s stock valued at $35,000 after purchasing an additional 693 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Peoples Bancorp by 3.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,682 shares of the bank’s stock worth $624,000 after purchasing an additional 703 shares in the last quarter. Finally, Cetera Investment Advisers raised its holdings in Peoples Bancorp by 3.6% in the fourth quarter. Cetera Investment Advisers now owns 22,488 shares of the bank’s stock worth $713,000 after purchasing an additional 782 shares in the last quarter. Institutional investors own 60.68% of the company’s stock.

Insider Activity

In other news, Director Carol A. Schneeberger sold 1,000 shares of the firm’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $30.20, for a total value of $30,200.00. Following the completion of the transaction, the director now directly owns 25,686 shares in the company, valued at $775,717.20. This trade represents a 3.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 3.41% of the company’s stock.

Peoples Bancorp Price Performance

Shares of NASDAQ PEBO opened at $30.82 on Monday. Peoples Bancorp Inc. has a fifty-two week low of $26.21 and a fifty-two week high of $37.07. The company has a market cap of $1.10 billion, a PE ratio of 9.31 and a beta of 0.62. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.83 and a current ratio of 0.83. The business has a 50-day simple moving average of $29.01 and a two-hundred day simple moving average of $31.53.

Peoples Bancorp (NASDAQ:PEBO) last released its earnings results on Tuesday, April 22nd. The bank reported $0.69 EPS for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.04). Peoples Bancorp had a return on equity of 11.07% and a net margin of 18.90%. The company had revenue of $113.00 million during the quarter, compared to analyst estimates of $112.76 million. During the same quarter last year, the business earned $0.85 earnings per share. As a group, equities analysts expect that Peoples Bancorp Inc. will post 3.28 EPS for the current fiscal year.

Peoples Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 19th. Stockholders of record on Monday, May 5th will be paid a dividend of $0.41 per share. This is an increase from Peoples Bancorp’s previous quarterly dividend of $0.40. This represents a $1.64 annualized dividend and a dividend yield of 5.32%. The ex-dividend date of this dividend is Monday, May 5th. Peoples Bancorp’s payout ratio is presently 52.06%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on PEBO. DA Davidson lowered their price target on shares of Peoples Bancorp from $39.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, April 23rd. Stephens lowered their target price on shares of Peoples Bancorp from $37.50 to $33.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 23rd. Finally, Piper Sandler lifted their price target on shares of Peoples Bancorp from $39.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd.

Peoples Bancorp Profile

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.