American Century Companies Inc. Grows Position in Peoples Bancorp Inc. $PEBO

Key Points

• American Century Companies raised its stake in Peoples Bancorp by 8.2% in Q3 to 990,923 shares (about a 2.78% ownership) valued at $29.7 million, and institutional investors collectively own roughly 60.7% of the stock.
• Peoples Bancorp beat quarterly EPS estimates ($0.93 vs. $0.88), has a $1.15 billion market cap with a P/E of 10.7, and pays a 5.1% annualized dividend yield ($1.64), while the stock trades near $31.98 with a 12‑month range of $26.21–$34.33.

American Century Companies Inc. grew its holdings in shares of Peoples Bancorp Inc. (NASDAQ:PEBO - Free Report) by 8.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 990,923 shares of the bank's stock after acquiring an additional 75,231 shares during the quarter. American Century Companies Inc. owned about 2.78% of Peoples Bancorp worth $29,718,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of PEBO. CANADA LIFE ASSURANCE Co raised its stake in Peoples Bancorp by 2.5% in the second quarter. CANADA LIFE ASSURANCE Co now owns 16,600 shares of the bank's stock valued at $508,000 after purchasing an additional 400 shares in the last quarter. Shoker Investment Counsel Inc. grew its stake in Peoples Bancorp by 1.4% in the 3rd quarter. Shoker Investment Counsel Inc. now owns 29,449 shares of the bank's stock worth $883,000 after buying an additional 405 shares in the last quarter. Cetera Investment Advisers grew its stake in Peoples Bancorp by 1.9% in the 2nd quarter. Cetera Investment Advisers now owns 22,906 shares of the bank's stock worth $700,000 after buying an additional 418 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Peoples Bancorp by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,544 shares of the bank's stock worth $609,000 after buying an additional 862 shares during the last quarter. Finally, Royal Bank of Canada increased its holdings in shares of Peoples Bancorp by 4.9% in the 1st quarter. Royal Bank of Canada now owns 23,996 shares of the bank's stock worth $711,000 after buying an additional 1,111 shares during the last quarter. Hedge funds and other institutional investors own 60.68% of the company's stock.

Peoples Bancorp Stock Down 1.1%

Shares of PEBO opened at $31.98 on Friday. Peoples Bancorp Inc. has a 1 year low of $26.21 and a 1 year high of $34.33. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.83 and a quick ratio of 0.83. The stock has a 50 day simple moving average of $32.19 and a two-hundred day simple moving average of $30.74. The firm has a market cap of $1.15 billion, a P/E ratio of 10.70 and a beta of 0.68.

Peoples Bancorp (NASDAQ:PEBO - Get Free Report) last posted its quarterly earnings results on Tuesday, January 20th. The bank reported $0.93 EPS for the quarter, topping the consensus estimate 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%. On average, analysts forecast that Peoples Bancorp Inc. will post 3.28 earnings per share for the current fiscal year.

Peoples Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Monday, February 2nd were given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date was Monday, February 2nd. Peoples Bancorp's dividend payout ratio (DPR) is presently 54.85%.

Wall Street Analysts Forecast Growth

PEBO has been the subject of a number of research analyst reports. DA Davidson set a $35.00 price objective on shares of Peoples Bancorp in a report on Wednesday, January 21st. Weiss Ratings raised Peoples Bancorp from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Tuesday, January 27th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $33.63.

Insider Buying and Selling at Peoples Bancorp

In other news, EVP Michael Ryan Kirkham sold 986 shares of Peoples Bancorp stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $32.47, for a total value of $32,015.42. Following the transaction, the executive vice president owned 16,289 shares in the company, valued at approximately $528,903.83. The trade was a 5.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Carol A. Schneeberger sold 1,000 shares of the business's stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $33.92, for a total value of $33,920.00. Following the completion of the sale, the director directly owned 21,204 shares of the company's stock, valued at approximately $719,239.68. This trade represents a 4.50% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 2,986 shares of company stock valued at $96,535 over the last three months. 3.41% of the stock is currently owned by insiders.

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.

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