Hsbc Holdings PLC Grows Stock Holdings in Peoples Bancorp Inc. $PEBO

Hsbc Holdings PLC lifted its stake in shares of Peoples Bancorp Inc. (NASDAQ:PEBO) by 135.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 35,052 shares of the bank’s stock after buying an additional 20,176 shares during the quarter. Hsbc Holdings PLC’s holdings in Peoples Bancorp were worth $1,049,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Raymond James Financial Inc. boosted its holdings in shares of Peoples Bancorp by 422.4% in the second quarter. Raymond James Financial Inc. now owns 349,948 shares of the bank’s stock valued at $10,687,000 after purchasing an additional 282,960 shares during the period. Align Financial LLC purchased a new position in Peoples Bancorp during the 4th quarter worth $5,318,000. UBS Group AG increased its holdings in Peoples Bancorp by 391.8% during the 4th quarter. UBS Group AG now owns 198,742 shares of the bank’s stock worth $5,968,000 after purchasing an additional 158,327 shares during the period. Invesco Ltd. raised its position in Peoples Bancorp by 248.8% during the 4th quarter. Invesco Ltd. now owns 211,869 shares of the bank’s stock valued at $6,362,000 after purchasing an additional 151,125 shares in the last quarter. Finally, Millennium Management LLC raised its position in Peoples Bancorp by 46.9% during the 3rd quarter. Millennium Management LLC now owns 400,064 shares of the bank’s stock valued at $11,998,000 after purchasing an additional 127,778 shares in the last quarter. 60.68% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. DA Davidson upped their target price on Peoples Bancorp from $37.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Hovde Group boosted their price target on shares of Peoples Bancorp from $33.00 to $36.00 and gave the company a “market perform” rating in a report on Wednesday, April 22nd. Piper Sandler boosted their price target on Peoples Bancorp from $41.00 to $43.00 and gave the stock an “overweight” rating in a research report on Friday, June 26th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Peoples Bancorp in a research report on Friday, May 29th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.00.

Insider Buying and Selling at Peoples Bancorp

In other news, Director Dwight Eric Smith acquired 1,000 shares of Peoples Bancorp stock in a transaction dated Monday, April 27th. The stock was purchased at an average cost of $34.51 per share, for a total transaction of $34,510.00. Following the completion of the purchase, the director directly owned 9,256 shares in the company, valued at $319,424.56. This trade represents a 12.11% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.31% of the company’s stock.

Peoples Bancorp Trading Up 0.3%

NASDAQ:PEBO opened at $38.41 on Tuesday. Peoples Bancorp Inc. has a 12 month low of $27.49 and a 12 month high of $39.33. The firm has a fifty day simple moving average of $35.85 and a 200-day simple moving average of $33.71. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $1.38 billion, a P/E ratio of 12.31 and a beta of 0.62.

Peoples Bancorp (NASDAQ:PEBO) last issued its earnings results on Tuesday, April 21st. The bank reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.02. Peoples Bancorp had a return on equity of 9.75% and a net margin of 17.92%.The company had revenue of $119.33 million during the quarter, compared to analyst estimates of $118.72 million. On average, equities research analysts anticipate that Peoples Bancorp Inc. will post 3.4 earnings per share for the current year.

Peoples Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 18th. Stockholders of record on Monday, May 4th were issued a $0.42 dividend. This is a boost from Peoples Bancorp’s previous quarterly dividend of $0.41. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend was Monday, May 4th. Peoples Bancorp’s dividend payout ratio is currently 53.85%.

Peoples Bancorp Profile

Peoples Bancorp, Inc is a bank holding company headquartered in Marietta, Ohio. Through its subsidiary Peoples Bank, the company provides a comprehensive range of commercial and consumer banking services designed to serve individuals, businesses and institutional clients. Its deposit products include checking and savings accounts, money market accounts, certificates of deposit and digital banking platforms that enable secure online and mobile access.

On the lending side, Peoples Bancorp offers commercial and industrial loans, commercial real estate financing, construction and agricultural lending, as well as residential mortgage products.