Bridgeway Capital Management LLC Purchases 31,838 Shares of Peoples Bancorp Inc. (NASDAQ:PEBO)

Bridgeway Capital Management LLC lifted its position in shares of Peoples Bancorp Inc. (NASDAQ:PEBO - Free Report) by 11.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 320,656 shares of the bank's stock after purchasing an additional 31,838 shares during the period. Bridgeway Capital Management LLC owned about 0.90% of Peoples Bancorp worth $10,162,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Shoker Investment Counsel Inc. grew its holdings in Peoples Bancorp by 1.0% during the 4th quarter. Shoker Investment Counsel Inc. now owns 31,467 shares of the bank's stock worth $997,000 after acquiring an additional 316 shares during the last quarter. Arizona State Retirement System grew its stake in shares of Peoples Bancorp by 6.1% in the fourth quarter. Arizona State Retirement System now owns 10,304 shares of the bank's stock worth $327,000 after purchasing an additional 595 shares during the last quarter. US Bancorp DE increased its holdings in Peoples Bancorp by 172.8% in the fourth quarter. US Bancorp DE now owns 1,094 shares of the bank's stock valued at $35,000 after purchasing an additional 693 shares during the period. Sterling Capital Management LLC raised its position in Peoples Bancorp by 815.7% during the 4th quarter. Sterling Capital Management LLC now owns 1,108 shares of the bank's stock worth $35,000 after purchasing an additional 987 shares during the last quarter. Finally, MetLife Investment Management LLC lifted its holdings in Peoples Bancorp by 5.9% during the 4th quarter. MetLife Investment Management LLC now owns 20,790 shares of the bank's stock worth $659,000 after buying an additional 1,150 shares during the period. Institutional investors and hedge funds own 60.68% of the company's stock.

Insider Transactions at Peoples Bancorp

In other Peoples Bancorp news, Director Carol A. Schneeberger sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $30.20, for a total value of $30,200.00. Following the completion of the sale, the director now owns 25,686 shares of the company's stock, valued at approximately $775,717.20. This trade represents a 3.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 3.41% of the company's stock.

Peoples Bancorp Stock Down 0.5 %

Shares of Peoples Bancorp stock opened at $29.18 on Wednesday. The stock's 50-day moving average is $29.07 and its 200 day moving average is $31.57. Peoples Bancorp Inc. has a one year low of $26.21 and a one year high of $37.07. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 8.82 and a beta of 0.62. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.83 and a quick ratio of 0.83.

Peoples Bancorp (NASDAQ:PEBO - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The bank reported $0.69 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.04). Peoples Bancorp had a return on equity of 11.07% and a net margin of 18.90%. The company had revenue of $113.00 million for the quarter, compared to analyst estimates of $112.76 million. During the same period last year, the business earned $0.85 EPS. Equities research analysts anticipate that Peoples Bancorp Inc. will post 3.28 EPS for the current year.

Peoples Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 19th. Stockholders of record on Monday, May 5th will be issued a dividend of $0.41 per share. The ex-dividend date of this dividend is Monday, May 5th. This represents a $1.64 annualized dividend and a dividend yield of 5.62%. This is a positive change from Peoples Bancorp's previous quarterly dividend of $0.40. Peoples Bancorp's dividend payout ratio is currently 52.06%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. DA Davidson lowered their price objective on Peoples Bancorp from $39.00 to $35.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Piper Sandler raised their price target on shares of Peoples Bancorp from $39.00 to $40.00 and gave the stock an "overweight" rating in a report on Wednesday, January 22nd. Finally, Stephens reduced their price objective on shares of Peoples Bancorp from $37.50 to $33.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 23rd.

Peoples Bancorp Profile

Peoples Bancorp Inc operates as the holding company for Peoples Bank that provides commercial and consumer banking products and services. The company accepts various deposit products, including demand deposit accounts, savings accounts, money market accounts, certificates of deposit, and governmental deposits; and provides commercial and industrial, commercial real estate, construction, finance, residential real estate, and consumer indirect and direct loans, as well as home equity lines of credit and overdrafts.

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