Dimensional Fund Advisors LP lifted its holdings in Peoples Bancorp Inc. (NASDAQ:PEBO – Free Report) by 0.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,270,134 shares of the bank’s stock after buying an additional 21,273 shares during the period. Dimensional Fund Advisors LP owned about 6.32% of Peoples Bancorp worth $74,619,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of the business. Greenwood Gearhart LLC purchased a new position in shares of Peoples Bancorp during the first quarter valued at $240,000. D.A. Davidson & CO. lifted its stake in Peoples Bancorp by 1.3% in the 1st quarter. D.A. Davidson & CO. now owns 24,366 shares of the bank’s stock worth $801,000 after acquiring an additional 320 shares in the last quarter. Fifth Third Bancorp lifted its stake in Peoples Bancorp by 163.3% in the 1st quarter. Fifth Third Bancorp now owns 14,813 shares of the bank’s stock worth $487,000 after acquiring an additional 9,188 shares in the last quarter. Y Intercept Hong Kong Ltd boosted its position in Peoples Bancorp by 43.5% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 69,663 shares of the bank’s stock worth $2,290,000 after acquiring an additional 21,107 shares during the period. Finally, Peoples Bank OH boosted its position in Peoples Bancorp by 1.6% during the 1st quarter. Peoples Bank OH now owns 443,618 shares of the bank’s stock worth $14,582,000 after acquiring an additional 7,043 shares during the period. Institutional investors and hedge funds own 60.68% of the company’s stock.
Peoples Bancorp Stock Performance
Shares of NASDAQ PEBO opened at $41.66 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.84 and a quick ratio of 0.83. Peoples Bancorp Inc. has a one year low of $27.49 and a one year high of $42.29. The business’s 50-day moving average price is $37.63 and its two-hundred day moving average price is $34.63. The company has a market capitalization of $1.50 billion, a P/E ratio of 12.59 and a beta of 0.62.
Peoples Bancorp Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, August 3rd will be issued a $0.42 dividend. The ex-dividend date is Monday, August 3rd. This represents a $1.68 dividend on an annualized basis and a yield of 4.0%. Peoples Bancorp’s dividend payout ratio is currently 50.76%.
Insiders Place Their Bets
In other Peoples Bancorp news, Director Dwight Eric Smith bought 1,000 shares of Peoples Bancorp stock in a transaction on Thursday, July 23rd. The stock was purchased at an average cost of $39.81 per share, for a total transaction of $39,810.00. Following the completion of the purchase, the director directly owned 10,256 shares of the company’s stock, valued at $408,291.36. The trade was a 10.80% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.31% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on PEBO shares. Hovde Group upped their target price on Peoples Bancorp from $33.00 to $36.00 and gave the company a “market perform” rating in a report on Wednesday, April 22nd. Weiss Ratings restated a “buy (b)” rating on shares of Peoples Bancorp in a report on Friday, May 29th. DA Davidson boosted their price objective on shares of Peoples Bancorp from $41.00 to $44.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. Keefe, Bruyette & Woods upped their price objective on shares of Peoples Bancorp from $38.00 to $42.00 and gave the company a “market perform” rating in a research note on Wednesday, July 22nd. Finally, Piper Sandler set a $46.00 price objective on shares of Peoples Bancorp in a research note on Wednesday, July 22nd. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Peoples Bancorp currently has an average rating of “Moderate Buy” and a consensus target price of $42.00.
Get Our Latest Report on Peoples Bancorp
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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