Peoples Bank OH Has $17.29 Million Stock Holdings in Peoples Bancorp Inc. $PEBO

Peoples Bank OH reduced its position in Peoples Bancorp Inc. (NASDAQ:PEBO) by 0.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 566,234 shares of the bank’s stock after selling 3,528 shares during the quarter. Peoples Bancorp makes up about 10.7% of Peoples Bank OH’s investment portfolio, making the stock its largest holding. Peoples Bank OH owned approximately 1.59% of Peoples Bancorp worth $17,293,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of PEBO. Parallel Advisors LLC boosted its position in shares of Peoples Bancorp by 132.3% in the second quarter. Parallel Advisors LLC now owns 864 shares of the bank’s stock worth $26,000 after purchasing an additional 492 shares during the period. Strs Ohio bought a new position in shares of Peoples Bancorp in the first quarter worth approximately $62,000. GAMMA Investing LLC boosted its position in shares of Peoples Bancorp by 1,426.3% in the first quarter. GAMMA Investing LLC now owns 2,610 shares of the bank’s stock worth $77,000 after purchasing an additional 2,439 shares during the period. CWM LLC boosted its position in shares of Peoples Bancorp by 86.7% in the first quarter. CWM LLC now owns 4,976 shares of the bank’s stock worth $148,000 after purchasing an additional 2,311 shares during the period. Finally, Ieq Capital LLC bought a new position in shares of Peoples Bancorp in the first quarter worth approximately $242,000. 60.68% of the stock is currently owned by institutional investors.

Peoples Bancorp Price Performance

Peoples Bancorp stock opened at $29.93 on Friday. The company has a market cap of $1.07 billion, a price-to-earnings ratio of 10.25 and a beta of 0.63. The firm’s fifty day moving average is $29.96 and its 200 day moving average is $29.75. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.20. Peoples Bancorp Inc. has a 52-week low of $26.21 and a 52-week high of $37.07.

Peoples Bancorp (NASDAQ:PEBO) last released its quarterly earnings results on Tuesday, July 22nd. The bank reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.18). The business had revenue of $115.02 million for the quarter, compared to analysts’ expectations of $113.20 million. Peoples Bancorp had a net margin of 16.88% and a return on equity of 9.46%. Sell-side analysts forecast that Peoples Bancorp Inc. will post 3.28 EPS for the current fiscal year.

Peoples Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Monday, August 4th were paid a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 5.5%. The ex-dividend date of this dividend was Monday, August 4th. Peoples Bancorp’s dividend payout ratio (DPR) is currently 56.16%.

Insider Activity

In related news, Director Carol A. Schneeberger sold 1,000 shares of the firm’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $30.83, for a total value of $30,830.00. Following the transaction, the director owned 24,330 shares of the company’s stock, valued at $750,093.90. This trade represents a 3.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Dwight Eric Smith bought 1,060 shares of the company’s stock in a transaction on Thursday, July 24th. The shares were acquired at an average price of $30.27 per share, for a total transaction of $32,086.20. Following the completion of the acquisition, the director owned 6,999 shares in the company, valued at $211,859.73. This represents a 17.85% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 3.41% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Keefe, Bruyette & Woods boosted their target price on shares of Peoples Bancorp from $32.00 to $33.00 and gave the stock a “market perform” rating in a report on Friday, July 11th. Zacks Research upgraded shares of Peoples Bancorp from a “strong sell” rating to a “hold” rating in a research report on Monday, September 22nd. Weiss Ratings restated a “hold (c+)” rating on shares of Peoples Bancorp in a research report on Saturday, September 27th. Finally, Wall Street Zen lowered shares of Peoples Bancorp from a “hold” rating to a “sell” rating in a research report on Friday. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $35.25.

Peoples Bancorp Company 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.