IndexIQ Advisors LLC Boosts Position in Peoples Bancorp Inc. (PEBO)
IndexIQ Advisors LLC grew its position in shares of Peoples Bancorp Inc. (NASDAQ:PEBO) by 83.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,378 shares of the bank’s stock after purchasing an additional 12,423 shares during the period. IndexIQ Advisors LLC owned approximately 0.15% of Peoples Bancorp worth $920,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Parametric Portfolio Associates LLC raised its stake in shares of Peoples Bancorp by 1.3% during the first quarter. Parametric Portfolio Associates LLC now owns 15,961 shares of the bank’s stock valued at $505,000 after purchasing an additional 210 shares during the period. Thrivent Financial For Lutherans raised its stake in shares of Peoples Bancorp by 2.7% during the second quarter. Thrivent Financial For Lutherans now owns 23,050 shares of the bank’s stock valued at $741,000 after purchasing an additional 600 shares during the period. Context BH Capital Management LP increased its stake in shares of Peoples Bancorp by 1.6% in the second quarter. Context BH Capital Management LP now owns 37,404 shares of the bank’s stock worth $1,202,000 after buying an additional 600 shares during the last quarter. American International Group Inc. increased its stake in shares of Peoples Bancorp by 7.1% in the first quarter. American International Group Inc. now owns 9,897 shares of the bank’s stock worth $313,000 after buying an additional 659 shares during the last quarter. Finally, Voya Investment Management LLC increased its stake in shares of Peoples Bancorp by 8.4% in the second quarter. Voya Investment Management LLC now owns 12,654 shares of the bank’s stock worth $407,000 after buying an additional 983 shares during the last quarter. Institutional investors own 62.63% of the company’s stock.
PEBO has been the subject of a number of research analyst reports. BidaskClub lowered shares of Peoples Bancorp from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Boenning Scattergood restated a “hold” rating on shares of Peoples Bancorp in a research note on Wednesday, July 26th. Zacks Investment Research lowered shares of Peoples Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, October 28th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $34.00 price objective on shares of Peoples Bancorp in a report on Tuesday, October 3rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $35.00.
Peoples Bancorp Inc. (NASDAQ PEBO) opened at $31.64 on Friday. Peoples Bancorp Inc. has a 1-year low of $26.20 and a 1-year high of $35.43. The stock has a market cap of $578.41, a price-to-earnings ratio of 16.23, a PEG 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 (NASDAQ:PEBO) last announced its quarterly earnings results on Tuesday, October 24th. The bank reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.09. Peoples Bancorp had a net margin of 21.10% and a return on equity of 7.99%. The company had revenue of $41.83 million during the quarter, compared to the consensus estimate of $41.96 million. sell-side analysts expect that Peoples Bancorp Inc. will post 2.11 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, November 17th. Stockholders of record on Friday, November 3rd will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.78%. The ex-dividend date of this dividend is Thursday, November 2nd. Peoples Bancorp’s dividend payout ratio (DPR) is 43.56%.
In related news, Director S Craig Beam sold 2,500 shares of Peoples Bancorp stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $32.66, for a total transaction of $81,650.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last three months, insiders have sold 12,895 shares of company stock valued at $433,159. Corporate insiders own 3.04% of the company’s stock.
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About Peoples Bancorp
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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