Bessemer Group Inc. lifted its stake in shares of Peoples Bancorp Inc. (NASDAQ:PEBO) by 49.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 34,900 shares of the bank’s stock after purchasing an additional 11,600 shares during the quarter. Bessemer Group Inc.’s holdings in Peoples Bancorp were worth $1,050,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in PEBO. Citigroup Inc. raised its stake in shares of Peoples Bancorp by 18.0% in the fourth quarter. Citigroup Inc. now owns 5,669 shares of the bank’s stock valued at $171,000 after buying an additional 863 shares during the period. Martingale Asset Management L P raised its stake in shares of Peoples Bancorp by 15.3% in the fourth quarter. Martingale Asset Management L P now owns 120,352 shares of the bank’s stock valued at $3,624,000 after buying an additional 16,006 shares during the period. BlackRock Inc. raised its stake in shares of Peoples Bancorp by 2.8% in the fourth quarter. BlackRock Inc. now owns 1,409,961 shares of the bank’s stock valued at $42,440,000 after buying an additional 38,186 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Peoples Bancorp by 58.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,809 shares of the bank’s stock valued at $85,000 after buying an additional 1,033 shares during the period. Finally, Acadian Asset Management LLC bought a new stake in shares of Peoples Bancorp in the fourth quarter valued at $102,000. 60.81% of the stock is currently owned by institutional investors.
Several analysts have issued reports on PEBO shares. Boenning Scattergood restated a “hold” rating on shares of Peoples Bancorp in a research note on Friday, January 25th. Zacks Investment Research upgraded Peoples Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, February 1st. BidaskClub cut Peoples Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, January 31st. Finally, ValuEngine cut Peoples Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, January 30th. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. Peoples Bancorp has a consensus rating of “Hold” and a consensus target price of $38.50.
In other news, Director George W. Broughton sold 1,000 shares of Peoples Bancorp stock in a transaction on Monday, January 28th. The stock was 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 SEC, which is available through the SEC website. Also, Director George W. Broughton sold 2,000 shares of Peoples Bancorp stock in a transaction on Friday, January 25th. The shares were sold at an average price of $32.65, for a total value 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.
Shares of NASDAQ PEBO opened at $31.55 on Friday. The firm has a market capitalization of $622.92 million, a PE ratio of 11.95, a P/E/G ratio of 1.39 and a beta of 0.77. Peoples Bancorp Inc. has a fifty-two week low of $28.35 and a fifty-two week high of $39.58. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.83 and a quick ratio of 0.83.
Peoples Bancorp (NASDAQ:PEBO) last announced its quarterly earnings results on Tuesday, January 22nd. The bank reported $0.69 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.03. The company had revenue of $48.30 million during the quarter, compared to analysts’ expectations of $47.74 million. Peoples Bancorp had a return on equity of 9.94% and a net margin of 22.18%. As a group, equities research analysts predict that Peoples Bancorp Inc. will post 2.84 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, February 19th. Stockholders of record on Monday, February 4th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.80%. The ex-dividend date of this dividend was Friday, February 1st. Peoples Bancorp’s dividend payout ratio (DPR) is presently 45.45%.
Peoples Bancorp Profile
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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