IndexIQ Advisors LLC trimmed its holdings in shares of Peoples Bancorp Inc. (NASDAQ:PEBO) by 7.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 59,286 shares of the bank’s stock after selling 4,839 shares during the quarter. IndexIQ Advisors LLC owned about 0.30% of Peoples Bancorp worth $1,785,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also bought and sold shares of the stock. Bank of New York Mellon Corp grew its position in Peoples Bancorp by 1.5% during the second quarter. Bank of New York Mellon Corp now owns 118,476 shares of the bank’s stock worth $4,476,000 after buying an additional 1,741 shares in the last quarter. Bailard Inc. grew its position in Peoples Bancorp by 11.2% during the third quarter. Bailard Inc. now owns 19,800 shares of the bank’s stock worth $694,000 after buying an additional 2,000 shares in the last quarter. FMR LLC grew its position in Peoples Bancorp by 3.3% during the third quarter. FMR LLC now owns 64,922 shares of the bank’s stock worth $2,274,000 after buying an additional 2,056 shares in the last quarter. Swiss National Bank grew its position in Peoples Bancorp by 7.3% during the third quarter. Swiss National Bank now owns 30,700 shares of the bank’s stock worth $1,075,000 after buying an additional 2,100 shares in the last quarter. Finally, Bank of America Corp DE grew its position in Peoples Bancorp by 6.9% during the second quarter. Bank of America Corp DE now owns 50,739 shares of the bank’s stock worth $1,918,000 after buying an additional 3,280 shares in the last quarter. Institutional investors and hedge funds own 61.12% of the company’s stock.
In other news, Director George W. Broughton sold 1,000 shares of the business’s stock in a transaction dated 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 sale, the director now owns 149,756 shares of the company’s stock, valued at approximately $4,841,611.48. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director George W. Broughton sold 2,000 shares of the business’s stock in a transaction dated 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 sale, the director now directly owns 150,756 shares of the company’s stock, valued at approximately $4,922,183.40. The disclosure for this sale can be found here. Insiders own 3.03% of the company’s stock.
Peoples Bancorp (NASDAQ:PEBO) last posted its quarterly earnings data on Tuesday, January 22nd. The bank reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.03. Peoples Bancorp had a return on equity of 10.11% and a net margin of 22.18%. The firm had revenue of $48.30 million during the quarter, compared to analysts’ expectations of $47.74 million. As a group, equities research analysts expect that Peoples Bancorp Inc. will post 2.84 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 19th. Stockholders of record on Monday, February 4th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date is Friday, February 1st. Peoples Bancorp’s dividend payout ratio (DPR) is presently 45.45%.
PEBO has been the subject of several recent analyst reports. Boenning Scattergood restated a “hold” rating on shares of Peoples Bancorp in a research report on Tuesday, October 23rd. Zacks Investment Research upgraded Peoples Bancorp from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a research report on Friday, October 26th. BidaskClub upgraded Peoples Bancorp from a “hold” rating to a “buy” rating in a research report on Wednesday, October 31st. Finally, ValuEngine cut Peoples Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, December 5th. Three equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. Peoples Bancorp has an average rating of “Sell” and an average price target of $38.50.
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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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