First Trust Advisors LP Has $595,000 Position in Peoples Bancorp Inc. (PEBO)
First Trust Advisors LP lowered its position in Peoples Bancorp Inc. (NASDAQ:PEBO) by 0.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 27,304 shares of the company’s stock after selling 220 shares during the period. First Trust Advisors LP owned approximately 0.15% of Peoples Bancorp worth $595,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently added to or reduced their stakes in PEBO. Deprince Race & Zollo Inc. purchased a new stake in Peoples Bancorp during the second quarter worth approximately $4,087,000. Geode Capital Management LLC increased its stake in Peoples Bancorp by 9.4% in the first quarter. Geode Capital Management LLC now owns 128,706 shares of the company’s stock worth $2,514,000 after buying an additional 11,111 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Peoples Bancorp by 2.0% in the second quarter. Bank of New York Mellon Corp now owns 109,429 shares of the company’s stock worth $2,384,000 after buying an additional 2,154 shares during the last quarter. RMB Capital Management LLC increased its stake in Peoples Bancorp by 80.3% in the second quarter. RMB Capital Management LLC now owns 69,909 shares of the company’s stock worth $1,523,000 after buying an additional 31,134 shares during the last quarter. Finally, California Public Employees Retirement System increased its stake in Peoples Bancorp by 6.1% in the second quarter. California Public Employees Retirement System now owns 66,500 shares of the company’s stock worth $1,449,000 after buying an additional 3,800 shares during the last quarter. Institutional investors and hedge funds own 60.64% of the company’s stock.
Shares of Peoples Bancorp Inc. (NASDAQ:PEBO) traded down 0.16% during mid-day trading on Tuesday, reaching $24.52. The company had a trading volume of 2,106 shares. Peoples Bancorp Inc. has a 52-week low of $16.34 and a 52-week high of $24.98. The company’s 50-day moving average is $24.18 and its 200 day moving average is $22.10. The stock has a market capitalization of $439.82 million, a P/E ratio of 19.71 and a beta of 0.88.
Peoples Bancorp (NASDAQ:PEBO) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. Peoples Bancorp had a net margin of 13.88% and a return on equity of 5.30%. Analysts anticipate that Peoples Bancorp Inc. will post $1.73 EPS for the current fiscal year.
PEBO has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods upped their price objective on Peoples Bancorp from $22.50 to $24.50 and gave the stock a “market perform” rating in a report on Wednesday, July 27th. Zacks Investment Research upgraded Peoples Bancorp from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a report on Thursday, July 28th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $23.70.
Peoples Bancorp Company Profile
Peoples Bancorp Inc is a financial holding company. The Company is engaged in banking, investment, insurance and trust solutions. The Company operates principally through its subsidiary, Peoples Bank, National Association (Peoples Bank). The Company’s products and services include demand deposit accounts, savings accounts, money market accounts and certificates of deposit.
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