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Peoples Bancorp Inc. (NASDAQ:PEBO) Shares Sold by Brown Advisory Inc.

Peoples Bancorp logo with Finance background

Brown Advisory Inc. cut its holdings in Peoples Bancorp Inc. (NASDAQ:PEBO - Free Report) by 1.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 788,587 shares of the bank's stock after selling 13,937 shares during the period. Brown Advisory Inc. owned 2.21% of Peoples Bancorp worth $23,390,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. US Bancorp DE increased its stake in Peoples Bancorp by 172.8% in the 4th quarter. US Bancorp DE now owns 1,094 shares of the bank's stock worth $35,000 after acquiring an additional 693 shares during the last quarter. Sterling Capital Management LLC boosted its holdings in Peoples Bancorp by 815.7% during the 4th 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 during the period. GAMMA Investing LLC boosted its holdings in 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 acquiring an additional 2,439 shares during the period. Balyasny Asset Management L.P. purchased a new stake in shares of Peoples Bancorp in the 4th quarter worth $215,000. Finally, Moody National Bank Trust Division purchased a new stake in shares of Peoples Bancorp in the 1st quarter worth $229,000. 60.68% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Peoples Bancorp news, Director Carol A. Schneeberger sold 1,000 shares of the company's stock in a transaction that occurred 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 completion of the sale, the director directly owned 25,330 shares of the company's stock, valued at $804,480.80. This represents a 3.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders sold 1,962 shares of company stock valued at $61,110. 3.41% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on PEBO shares. DA Davidson decreased their price objective on Peoples Bancorp from $39.00 to $35.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Stephens lowered their target price on 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 target price on Peoples Bancorp from $32.00 to $33.00 and gave the stock a "market perform" rating in a research note on Friday. Finally, Wall Street Zen upgraded Peoples Bancorp from a "sell" rating to a "hold" rating in a research report on Saturday, May 24th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $35.25.

View Our Latest Report on Peoples Bancorp

Peoples Bancorp Trading Down 1.4%

NASDAQ:PEBO traded down $0.46 on Friday, reaching $31.41. The company's stock had a trading volume of 122,549 shares, compared to its average volume of 140,274. Peoples Bancorp Inc. has a 12-month low of $26.21 and a 12-month high of $37.07. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.21. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 9.97 and a beta of 0.65. The stock has a 50 day moving average price of $30.14 and a 200 day moving average price of $30.42.

Peoples Bancorp (NASDAQ:PEBO - Get Free Report) last released its earnings results on Tuesday, April 22nd. The bank reported $0.69 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.04). The company had revenue of $113.00 million for the quarter, compared to analyst estimates of $112.76 million. Peoples Bancorp had a return on equity of 10.36% and a net margin of 18.10%. During the same period in the previous year, the firm earned $0.85 earnings per share. On average, equities analysts anticipate that Peoples Bancorp Inc. will post 3.28 EPS for the current fiscal year.

Peoples Bancorp Increases Dividend

The firm also recently disclosed 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 is a boost from Peoples Bancorp's previous quarterly dividend of $0.40. This represents a $1.64 annualized dividend and a dividend yield of 5.22%. The ex-dividend date was Monday, May 5th. Peoples Bancorp's dividend payout ratio is currently 52.06%.

About Peoples Bancorp

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Peoples Bancorp (NASDAQ:PEBO)

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