Vanguard Group Inc. Has $62.47 Million Stake in Peoples Bancorp Inc. $PEBO

Vanguard Group Inc. raised its holdings in Peoples Bancorp Inc. (NASDAQ:PEBO) by 2.4% in the 4th quarter, HoldingsChannel reports. The firm owned 2,080,137 shares of the bank’s stock after purchasing an additional 48,166 shares during the quarter. Vanguard Group Inc. owned 0.06% of Peoples Bancorp worth $62,467,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of PEBO. Raymond James Financial Inc. raised its position in Peoples Bancorp by 422.4% in the 2nd 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 last quarter. Millennium Management LLC raised its position in Peoples Bancorp by 46.9% in 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 during the last quarter. AQR Capital Management LLC raised its position in Peoples Bancorp by 83.5% in the 2nd quarter. AQR Capital Management LLC now owns 186,501 shares of the bank’s stock valued at $5,696,000 after purchasing an additional 84,848 shares during the last quarter. American Century Companies Inc. raised its position in Peoples Bancorp by 8.2% in the 3rd quarter. American Century Companies Inc. now owns 990,923 shares of the bank’s stock valued at $29,718,000 after purchasing an additional 75,231 shares during the last quarter. Finally, Tudor Investment Corp ET AL raised its position in Peoples Bancorp by 211.5% in the 3rd quarter. Tudor Investment Corp ET AL now owns 83,279 shares of the bank’s stock valued at $2,498,000 after purchasing an additional 56,548 shares during the last quarter. Institutional investors own 60.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. DA Davidson lifted their price objective on Peoples Bancorp from $37.00 to $38.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Hovde Group lifted their price objective on Peoples Bancorp from $33.00 to $36.00 and gave the company a “market perform” rating in a research report on Wednesday, April 22nd. Weiss Ratings upgraded Peoples Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, January 27th. Finally, Piper Sandler lifted their price objective on Peoples Bancorp from $37.00 to $41.00 and gave the company an “overweight” rating in a research report on Thursday, April 23rd. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.00.

Peoples Bancorp Trading Up 0.9%

PEBO stock opened at $33.35 on Friday. The company has a market cap of $1.20 billion, a P/E ratio of 10.69 and a beta of 0.63. Peoples Bancorp Inc. has a twelve month low of $27.49 and a twelve month high of $35.46. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.15. The business has a fifty day moving average of $33.21 and a 200-day moving average of $31.80.

Peoples Bancorp (NASDAQ:PEBO) last released its earnings results on Tuesday, April 21st. The bank reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.02. The company had revenue of $119.33 million during the quarter, compared to the consensus estimate of $118.72 million. Peoples Bancorp had a return on equity of 9.75% and a net margin of 17.92%. As a group, equities research analysts expect that Peoples Bancorp Inc. will post 3.41 EPS for the current year.

Peoples Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 18th. Stockholders of record on Monday, May 4th will be given a dividend of $0.42 per share. The ex-dividend date is Monday, May 4th. This is an increase 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 5.0%. Peoples Bancorp’s dividend payout ratio is presently 53.85%.

Insider Transactions at Peoples Bancorp

In other news, Director Carol A. Schneeberger sold 1,895 shares of the business’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $31.37, for a total transaction of $59,446.15. Following the completion of the sale, the director owned 19,309 shares in the company, valued at $605,723.33. The trade was a 8.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Dwight Eric Smith acquired 1,000 shares of the company’s stock in a transaction that occurred on Monday, April 27th. The stock was bought at an average price of $34.51 per share, with a total value of $34,510.00. Following the acquisition, the director directly owned 9,256 shares of the company’s stock, valued at $319,424.56. The trade was a 12.11% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold a total of 3,881 shares of company stock worth $122,872 over the last 90 days. 3.31% of the stock is owned by insiders.

About Peoples Bancorp

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.