Segall Bryant & Hamill LLC Acquires 52,608 Shares of Peoples Bancorp Inc. $PEBO

Segall Bryant & Hamill LLC grew its holdings in Peoples Bancorp Inc. (NASDAQ:PEBO) by 32.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 216,843 shares of the bank’s stock after acquiring an additional 52,608 shares during the period. Segall Bryant & Hamill LLC owned about 0.61% of Peoples Bancorp worth $6,503,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. State of Alaska Department of Revenue bought a new stake in Peoples Bancorp during the 3rd quarter valued at approximately $42,000. Strs Ohio bought a new stake in shares of Peoples Bancorp during the first quarter valued at approximately $62,000. Accredited Wealth Management LLC raised its position in shares of Peoples Bancorp by 524.0% during the third quarter. Accredited Wealth Management LLC now owns 2,184 shares of the bank’s stock valued at $65,000 after buying an additional 1,834 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Peoples Bancorp by 31.9% in the second quarter. Nisa Investment Advisors LLC now owns 2,931 shares of the bank’s stock worth $90,000 after buying an additional 709 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in shares of Peoples Bancorp by 1,191.0% during the second quarter. Tower Research Capital LLC TRC now owns 3,718 shares of the bank’s stock worth $114,000 after acquiring an additional 3,430 shares during the last quarter. Hedge funds and other institutional investors own 60.68% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on PEBO shares. Weiss Ratings upgraded shares of Peoples Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, January 27th. DA Davidson set a $35.00 price objective on Peoples Bancorp in a research report on Wednesday, January 21st. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $33.63.

Insider Buying and Selling

In other news, EVP Michael Ryan Kirkham sold 986 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $32.47, for a total transaction of $32,015.42. Following the transaction, the executive vice president owned 16,289 shares of the company’s stock, valued at approximately $528,903.83. The trade was a 5.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Carol A. Schneeberger sold 1,000 shares of the firm’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $33.92, for a total value of $33,920.00. Following the completion of the sale, the director owned 21,204 shares of the company’s stock, valued at approximately $719,239.68. This represents a 4.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 2,986 shares of company stock worth $96,535. Company insiders own 3.41% of the company’s stock.

Peoples Bancorp Price Performance

PEBO stock opened at $32.77 on Thursday. Peoples Bancorp Inc. has a 52 week low of $26.21 and a 52 week high of $34.33. The firm has a market capitalization of $1.18 billion, a P/E ratio of 10.96 and a beta of 0.68. The company has a fifty day simple moving average of $32.12 and a two-hundred day simple moving average of $30.70. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.17.

Peoples Bancorp (NASDAQ:PEBO) last posted its earnings results on Tuesday, January 20th. The bank reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.05. The firm had revenue of $119.57 million for the quarter, compared to the consensus estimate of $117.97 million. Peoples Bancorp had a net margin of 17.27% and a return on equity of 9.51%. Analysts anticipate that Peoples Bancorp Inc. will post 3.28 earnings per share for the current fiscal year.

Peoples Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Monday, February 2nd were given a dividend of $0.41 per share. The ex-dividend date was Monday, February 2nd. This represents a $1.64 dividend on an annualized basis and a yield of 5.0%. Peoples Bancorp’s dividend payout ratio is 54.85%.

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.