Brown Advisory Inc. lowered its position in Peoples Bancorp Inc. (NASDAQ:PEBO - Free Report) by 1.7% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 788,587 shares of the bank's stock after selling 13,937 shares during the quarter. Brown Advisory Inc. owned about 2.21% of Peoples Bancorp worth $23,390,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the company. US Bancorp DE grew its holdings in Peoples Bancorp by 172.8% during the 4th quarter. US Bancorp DE now owns 1,094 shares of the bank's stock valued at $35,000 after buying an additional 693 shares in the last quarter. Sterling Capital Management LLC grew 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 buying an additional 987 shares in the last quarter. GAMMA Investing LLC grew 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 buying an additional 2,439 shares in the last quarter. Balyasny Asset Management L.P. purchased a new position in Peoples Bancorp during the 4th quarter valued at about $215,000. Finally, Moody National Bank Trust Division purchased a new position in Peoples Bancorp during the 1st quarter valued at about $229,000. Hedge funds and other institutional investors own 60.68% of the company's stock.
Peoples Bancorp Price Performance
Shares of PEBO traded down $0.46 during trading hours on Friday, reaching $31.41. 122,549 shares of the company's stock traded hands, compared to its average volume of 139,774. The firm's 50 day simple moving average is $30.14 and its 200-day simple moving average is $30.40. The stock has a market cap of $1.12 billion, a PE ratio of 9.97 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 released its 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). The firm had revenue of $113.00 million during the quarter, compared to the consensus estimate of $112.76 million. Peoples Bancorp had a return on equity of 10.36% and a net margin of 18.10%. During the same quarter in the previous year, the firm earned $0.85 EPS. Equities analysts expect that Peoples Bancorp Inc. will post 3.28 EPS for the current year.
Peoples Bancorp Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, May 19th. Investors of record on Monday, May 5th were given a $0.41 dividend. 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. This represents a $1.64 dividend on an annualized basis and a yield of 5.22%. Peoples Bancorp's payout ratio is presently 52.06%.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on the company. Keefe, Bruyette & Woods lifted their target price on Peoples Bancorp from $32.00 to $33.00 and gave the company a "market perform" rating in a report on Friday. DA Davidson reduced their target price on Peoples Bancorp from $39.00 to $35.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Wall Street Zen upgraded Peoples Bancorp from a "sell" rating to a "hold" rating in a research report on Saturday, May 24th. Finally, 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. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Peoples Bancorp currently has a consensus rating of "Hold" and an average price target of $35.25.
Read Our Latest Analysis on PEBO
Insiders Place Their Bets
In other Peoples Bancorp news, Director Carol A. Schneeberger sold 1,000 shares of Peoples Bancorp stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $31.76, for a total value of $31,760.00. Following the transaction, the director directly owned 25,330 shares of the company's stock, valued at $804,480.80. The trade was a 3.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last ninety days, insiders sold 1,962 shares of company stock valued at $61,110. Insiders own 3.41% of the company's stock.
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.
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