Y Intercept Hong Kong Ltd increased its stake in shares of Peoples Bancorp Inc. (NASDAQ:PEBO – Free Report) by 43.5% in the first quarter, HoldingsChannel reports. The firm owned 69,663 shares of the bank’s stock after buying an additional 21,107 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Peoples Bancorp were worth $2,290,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its holdings in Peoples Bancorp by 4.9% in the 1st quarter. Royal Bank of Canada now owns 23,996 shares of the bank’s stock valued at $711,000 after purchasing an additional 1,111 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Peoples Bancorp by 46.5% in the first quarter. AQR Capital Management LLC now owns 101,653 shares of the bank’s stock valued at $3,015,000 after buying an additional 32,259 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Peoples Bancorp by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,544 shares of the bank’s stock valued at $609,000 after buying an additional 862 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Peoples Bancorp by 6.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 82,290 shares of the bank’s stock valued at $2,441,000 after buying an additional 5,175 shares during the period. Finally, Jane Street Group LLC lifted its stake in shares of Peoples Bancorp by 87.2% during the first quarter. Jane Street Group LLC now owns 64,668 shares of the bank’s stock valued at $1,918,000 after buying an additional 30,121 shares during the period. Institutional investors and hedge funds own 60.68% of the company’s stock.
Insider Activity
In related news, Director Dwight Eric Smith acquired 1,000 shares of the stock in a transaction dated Monday, April 27th. The stock was bought at an average cost of $34.51 per share, with a total value of $34,510.00. Following the purchase, the director directly owned 9,256 shares of the company’s stock, valued at approximately $319,424.56. This represents a 12.11% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.31% of the stock is owned by corporate insiders.
Analyst Ratings Changes
Get Our Latest Analysis on PEBO
Peoples Bancorp Trading Down 1.9%
Shares of PEBO stock opened at $37.73 on Thursday. The firm has a market cap of $1.36 billion, a P/E ratio of 12.09 and a beta of 0.62. Peoples Bancorp Inc. has a 1-year low of $27.49 and a 1-year high of $39.33. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.84 and a quick ratio of 0.83. The firm’s 50-day simple moving average is $35.62 and its 200-day simple moving average is $33.55.
Peoples Bancorp (NASDAQ:PEBO – Get Free Report) last released its earnings results on Tuesday, April 21st. The bank reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.02. Peoples Bancorp had a net margin of 17.92% and a return on equity of 9.75%. The firm had revenue of $119.33 million during the quarter, compared to the consensus estimate of $118.72 million. As a group, equities analysts forecast that Peoples Bancorp Inc. will post 3.4 EPS for the current year.
Peoples Bancorp Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, May 18th. Shareholders of record on Monday, May 4th were issued a $0.42 dividend. This is a boost from Peoples Bancorp’s previous quarterly dividend of $0.41. The ex-dividend date was Monday, May 4th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.5%. Peoples Bancorp’s dividend payout ratio (DPR) is 53.85%.
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.
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