Shell Asset Management Co. Holds Stake in Peoples Bancorp Inc. (NASDAQ:PEBO)
Shell Asset Management Co. held its position in shares of Peoples Bancorp Inc. (NASDAQ:PEBO) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 31,743 shares of the bank’s stock at the end of the second quarter. Shell Asset Management Co. owned 0.18% of Peoples Bancorp worth $1,020,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in PEBO. Dimensional Fund Advisors LP raised its stake in Peoples Bancorp by 4.1% in the first quarter. Dimensional Fund Advisors LP now owns 1,265,231 shares of the bank’s stock valued at $40,057,000 after buying an additional 49,458 shares during the period. Vanguard Group Inc. raised its stake in Peoples Bancorp by 2.8% in the first quarter. Vanguard Group Inc. now owns 681,733 shares of the bank’s stock valued at $21,584,000 after buying an additional 18,418 shares during the period. LSV Asset Management raised its stake in Peoples Bancorp by 28.6% in the first quarter. LSV Asset Management now owns 375,848 shares of the bank’s stock valued at $11,899,000 after buying an additional 83,631 shares during the period. State Street Corp raised its stake in Peoples Bancorp by 9.0% in the fourth quarter. State Street Corp now owns 283,294 shares of the bank’s stock valued at $9,192,000 after buying an additional 23,462 shares during the period. Finally, Renaissance Technologies LLC raised its stake in Peoples Bancorp by 14.6% in the first quarter. Renaissance Technologies LLC now owns 273,000 shares of the bank’s stock valued at $8,643,000 after buying an additional 34,700 shares during the period. Institutional investors and hedge funds own 61.01% of the company’s stock.
Shares of Peoples Bancorp Inc. (PEBO) opened at 31.80 on Tuesday. The company has a market cap of $572.91 million, a P/E ratio of 17.19 and a beta of 0.76. The stock’s 50 day moving average is $32.32 and its 200 day moving average is $32.12. Peoples Bancorp Inc. has a 12 month low of $22.14 and a 12 month high of $35.43.
Peoples Bancorp (NASDAQ:PEBO) last released its earnings results on Tuesday, July 25th. The bank reported $0.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.07. Peoples Bancorp had a net margin of 19.67% and a return on equity of 7.63%. The company had revenue of $41.68 million for the quarter, compared to the consensus estimate of $40.81 million. On average, analysts anticipate that Peoples Bancorp Inc. will post $2.03 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, August 18th. Investors of record on Friday, August 4th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date of this dividend is Wednesday, August 2nd. This is an increase from Peoples Bancorp’s previous quarterly dividend of $0.20. Peoples Bancorp’s payout ratio is presently 47.57%.
Several equities research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Peoples Bancorp from a “hold” rating to a “strong-buy” rating and set a $38.00 target price on the stock in a report on Friday, July 28th. Boenning Scattergood reissued a “hold” rating on shares of Peoples Bancorp in a research report on Wednesday, July 26th. Keefe, Bruyette & Woods reissued a “neutral” rating on shares of Peoples Bancorp in a research report on Tuesday, July 25th. BidaskClub downgraded shares of Peoples Bancorp from a “hold” rating to a “sell” rating in a research report on Sunday, July 16th. Finally, ValuEngine raised shares of Peoples Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $34.33.
In related news, Director Terry Thomas Sweet bought 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 6th. The shares were bought at an average price of $31.18 per share, for a total transaction of $31,180.00. Following the transaction, the director now directly owns 2,427 shares of the company’s stock, valued at $75,673.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.04% of the stock is owned by insiders.
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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