Northern Trust Corp boosted its stake in shares of Peoples Bancorp Inc. (NASDAQ:PEBO) by 7.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 199,985 shares of the bank’s stock after buying an additional 13,092 shares during the quarter. Northern Trust Corp owned approximately 1.11% of Peoples Bancorp worth $6,425,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in PEBO. AJO LP lifted its holdings in Peoples Bancorp by 657.9% during the 2nd quarter. AJO LP now owns 75,286 shares of the bank’s stock worth $2,419,000 after buying an additional 65,353 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Peoples Bancorp by 4.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,265,231 shares of the bank’s stock worth $40,057,000 after buying an additional 49,458 shares during the period. Renaissance Technologies LLC lifted its holdings in Peoples Bancorp by 14.6% during the 1st quarter. Renaissance Technologies LLC now owns 273,000 shares of the bank’s stock worth $8,643,000 after buying an additional 34,700 shares during the period. LSV Asset Management lifted its holdings in Peoples Bancorp by 5.9% during the 2nd quarter. LSV Asset Management now owns 397,940 shares of the bank’s stock worth $12,785,000 after buying an additional 22,092 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in Peoples Bancorp by 2.8% during the 1st quarter. Vanguard Group Inc. now owns 681,733 shares of the bank’s stock worth $21,584,000 after buying an additional 18,418 shares during the period. 62.53% of the stock is currently owned by hedge funds and other institutional investors.
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In other news, Director S Craig Beam sold 7,939 shares of the business’s stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $33.77, for a total value of $268,100.03. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders sold a total of 12,895 shares of company stock worth $433,159 over the last three months. 3.04% of the stock is owned by company insiders.
Peoples Bancorp Inc. (NASDAQ PEBO) opened at $32.06 on Tuesday. The company has a market capitalization of $578.41, a PE ratio of 16.23, a price-to-earnings-growth ratio of 1.87 and a beta of 0.73. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.43. Peoples Bancorp Inc. has a twelve month low of $26.88 and a twelve month high of $35.43.
Peoples Bancorp (NASDAQ:PEBO) last announced its quarterly earnings data on Tuesday, October 24th. The bank reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.09. The company had revenue of $41.83 million for the quarter, compared to the consensus estimate of $41.96 million. Peoples Bancorp had a return on equity of 7.99% and a net margin of 21.10%. equities analysts anticipate that Peoples Bancorp Inc. will post 2.11 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 17th. Stockholders of record on Friday, November 3rd will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date of this dividend is Thursday, November 2nd. Peoples Bancorp’s dividend payout ratio is 43.56%.
Several research analysts have commented on PEBO shares. Zacks Investment Research raised Peoples Bancorp from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a report on Friday, October 27th. Boenning Scattergood reaffirmed a “hold” rating on shares of Peoples Bancorp in a report on Wednesday, October 25th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $34.00 target price on shares of Peoples Bancorp in a report on Tuesday, October 3rd. Finally, BidaskClub downgraded Peoples Bancorp from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. Peoples Bancorp currently has an average rating of “Hold” and a consensus price target of $35.00.
Peoples Bancorp Company Profile
Peoples Bancorp Inc is a financial holding company. The Company operates principally through its subsidiary, Peoples Bank. Peoples Bank’s operating subsidiaries include Peoples Insurance Agency, LLC (Peoples Insurance) and two asset management companies, PBNA, LLC. and Peoples Tax Credit Equity, LLC.
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