Segall Bryant & Hamill LLC Takes $4.99 Million Position in Peoples Bancorp Inc. (NASDAQ:PEBO)

Segall Bryant & Hamill LLC bought a new position in shares of Peoples Bancorp Inc. (NASDAQ:PEBO - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 168,118 shares of the bank's stock, valued at approximately $4,986,000. Segall Bryant & Hamill LLC owned approximately 0.47% of Peoples Bancorp at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Victory Capital Management Inc. boosted its position in shares of Peoples Bancorp by 6.2% in the 1st quarter. Victory Capital Management Inc. now owns 49,020 shares of the bank's stock valued at $1,454,000 after purchasing an additional 2,882 shares during the period. CWM LLC lifted its position in Peoples Bancorp by 86.7% during the 1st quarter. CWM LLC now owns 4,976 shares of the bank's stock worth $148,000 after acquiring an additional 2,311 shares during the period. New York State Common Retirement Fund lifted its position in Peoples Bancorp by 55.3% during the 1st quarter. New York State Common Retirement Fund now owns 18,815 shares of the bank's stock worth $558,000 after acquiring an additional 6,700 shares during the period. Alps Advisors Inc. lifted its position in Peoples Bancorp by 6.7% during the 1st quarter. Alps Advisors Inc. now owns 12,057 shares of the bank's stock worth $358,000 after acquiring an additional 757 shares during the period. Finally, D.A. Davidson & CO. lifted its position in Peoples Bancorp by 1.6% during the 1st quarter. D.A. Davidson & CO. now owns 24,400 shares of the bank's stock worth $724,000 after acquiring an additional 391 shares during the period. 60.68% of the stock is owned by institutional investors and hedge funds.

Peoples Bancorp Price Performance

Shares of NASDAQ:PEBO traded down $0.07 on Monday, reaching $31.55. 147,396 shares of the company traded hands, compared to its average volume of 137,277. Peoples Bancorp Inc. has a fifty-two week low of $26.21 and a fifty-two week high of $37.07. The company's 50 day moving average is $30.35 and its 200-day moving average is $30.38. The stock has a market capitalization of $1.12 billion, a PE ratio of 9.76 and a beta of 0.65. 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 posted its quarterly earnings results on Tuesday, April 22nd. The bank reported $0.69 earnings per share for the quarter, missing analysts' consensus estimates of $0.73 by ($0.04). Peoples Bancorp had a return on equity of 10.36% and a net margin of 18.10%. The company had revenue of $113.00 million during the quarter, compared to analyst estimates of $112.76 million. During the same period last year, the company posted $0.85 earnings per share. As a group, analysts anticipate that Peoples Bancorp Inc. will post 3.28 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Carol A. Schneeberger sold 1,000 shares of Peoples Bancorp stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $31.76, for a total value of $31,760.00. Following the completion of the transaction, the director owned 25,330 shares in the company, valued at approximately $804,480.80. The trade was a 3.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold 1,962 shares of company stock valued at $61,110 over the last 90 days. Company insiders own 3.41% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Keefe, Bruyette & Woods raised their price target on Peoples Bancorp from $32.00 to $33.00 and gave the stock a "market perform" rating in a research report on Friday, July 11th. Stephens dropped their price target on Peoples Bancorp from $37.50 to $33.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 23rd. Wall Street Zen raised Peoples Bancorp from a "sell" rating to a "hold" rating in a research report on Saturday, May 24th. Finally, 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. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target 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.