Peoples Bancorp Inc. (NASDAQ:PEBO) Shares Purchased by Deutsche Bank AG

Deutsche Bank AG raised its stake in Peoples Bancorp Inc. (NASDAQ:PEBO - Free Report) by 55.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,279 shares of the bank's stock after acquiring an additional 10,394 shares during the quarter. Deutsche Bank AG owned approximately 0.08% of Peoples Bancorp worth $928,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of PEBO. Barclays PLC grew its stake in Peoples Bancorp by 138.9% in the 3rd quarter. Barclays PLC now owns 63,096 shares of the bank's stock worth $1,898,000 after buying an additional 36,684 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of Peoples Bancorp by 44.4% in the 4th quarter. SG Americas Securities LLC now owns 12,008 shares of the bank's stock valued at $381,000 after purchasing an additional 3,690 shares in the last quarter. Spire Wealth Management purchased a new stake in Peoples Bancorp during the 4th quarter valued at $43,000. Empowered Funds LLC boosted its position in Peoples Bancorp by 5.1% during the 4th quarter. Empowered Funds LLC now owns 143,286 shares of the bank's stock valued at $4,541,000 after buying an additional 6,938 shares during the period. Finally, Principal Financial Group Inc. boosted its position in Peoples Bancorp by 7.8% during the 4th quarter. Principal Financial Group Inc. now owns 18,430 shares of the bank's stock valued at $584,000 after buying an additional 1,339 shares during the period. Institutional investors own 60.68% of the company's stock.

Peoples Bancorp Price Performance

PEBO traded down $0.08 during trading hours on Friday, hitting $29.49. The company's stock had a trading volume of 148,044 shares, compared to its average volume of 135,239. The business's 50-day moving average price is $29.01 and its 200-day moving average price is $31.28. Peoples Bancorp Inc. has a 12 month low of $26.21 and a 12 month high of $37.07. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of 8.91 and a beta of 0.62. 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 posted its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $112.76 million. Peoples Bancorp had a net margin of 18.90% and a return on equity of 11.07%. During the same quarter last year, the firm earned $0.85 EPS. Sell-side analysts expect that Peoples Bancorp Inc. will post 3.28 earnings per share for the current fiscal year.

Peoples Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 19th. Investors of record on Monday, May 5th were paid a $0.41 dividend. The ex-dividend date was Monday, May 5th. This is a positive change from Peoples Bancorp's previous quarterly dividend of $0.40. This represents a $1.64 dividend on an annualized basis and a yield of 5.56%. Peoples Bancorp's dividend payout ratio is 52.06%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on PEBO shares. Wall Street Zen upgraded shares of Peoples Bancorp from a "sell" rating to a "hold" rating in a report on Saturday, May 24th. DA Davidson reduced their price objective on shares of Peoples Bancorp from $39.00 to $35.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Finally, Stephens reduced their price objective on shares of Peoples Bancorp from $37.50 to $33.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 23rd. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $36.00.

Insider Buying and Selling

In other Peoples Bancorp news, Director Carol A. Schneeberger sold 1,000 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $30.20, for a total transaction of $30,200.00. Following the completion of the sale, the director now directly owns 25,686 shares of the company's stock, valued at approximately $775,717.20. This represents a 3.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 3.41% of the stock is owned by insiders.

About Peoples Bancorp

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.