168,118 Shares in Peoples Bancorp Inc. (NASDAQ:PEBO) Bought by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC bought a new position in Peoples Bancorp Inc. (NASDAQ:PEBO - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 168,118 shares of the bank's stock, valued at approximately $4,986,000. Segall Bryant & Hamill LLC owned 0.47% of Peoples Bancorp as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in PEBO. Sterling Capital Management LLC boosted its holdings in Peoples Bancorp by 815.7% in the fourth quarter. Sterling Capital Management LLC now owns 1,108 shares of the bank's stock valued at $35,000 after acquiring an additional 987 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Peoples Bancorp by 1,426.3% during the 1st quarter. GAMMA Investing LLC now owns 2,610 shares of the bank's stock valued at $77,000 after buying an additional 2,439 shares in the last quarter. CWM LLC boosted its holdings in shares of Peoples Bancorp by 86.7% during the 1st quarter. CWM LLC now owns 4,976 shares of the bank's stock valued at $148,000 after buying an additional 2,311 shares in the last quarter. Balyasny Asset Management L.P. bought a new stake in shares of Peoples Bancorp during the 4th quarter valued at $215,000. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Peoples Bancorp during the 4th quarter valued at $241,000. 60.68% of the stock is owned by hedge funds and other institutional investors.

Peoples Bancorp Trading Up 1.1%

Peoples Bancorp stock opened at $31.75 on Friday. The firm has a 50 day moving average of $30.31 and a 200 day moving average of $30.40. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of 10.08 and a beta of 0.65. Peoples Bancorp Inc. has a 12-month low of $26.21 and a 12-month high of $37.07. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.21.

Peoples Bancorp (NASDAQ:PEBO - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The bank reported $0.69 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.73 by ($0.04). The company had revenue of $113.00 million for the quarter, compared to analysts' expectations of $112.76 million. Peoples Bancorp had a net margin of 18.10% and a return on equity of 10.36%. During the same period last year, the business earned $0.85 earnings per share. As a group, research analysts predict that Peoples Bancorp Inc. will post 3.28 earnings per share for the current year.

Peoples Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, May 19th. Stockholders of record on Monday, May 5th were given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 5.17%. This is an increase from Peoples Bancorp's previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Monday, May 5th. Peoples Bancorp's dividend payout ratio (DPR) is 52.06%.

Insider Buying and Selling at Peoples Bancorp

In other news, Director Carol A. Schneeberger sold 1,000 shares of the firm's stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $31.76, for a total transaction of $31,760.00. Following the transaction, the director owned 25,330 shares in the company, valued at approximately $804,480.80. This trade represents a 3.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders sold 1,962 shares of company stock worth $61,110 in the last ninety days. 3.41% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

PEBO has been the topic of a number of research reports. Wall Street Zen upgraded shares of Peoples Bancorp from a "sell" rating to a "hold" rating in a report on Saturday, May 24th. Stephens dropped their price target 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. Keefe, Bruyette & Woods upped their price target on shares of Peoples Bancorp from $32.00 to $33.00 and gave the stock a "market perform" rating in a research note on Friday, July 11th. Finally, DA Davidson dropped their price target on shares of Peoples Bancorp from $39.00 to $35.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $35.25.

Peoples Bancorp Company 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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