Deutsche Bank AG Invests $1.42 Million in Peoples Bancorp Inc. $PEBO

Key Points

• Deutsche Bank initiated a position in Peoples Bancorp, buying 37,078 shares valued at approximately $1.42 million. Institutional investors collectively own 60.68% of the company.
• Peoples Bancorp reported quarterly EPS of $0.96, beating analysts’ $0.85 consensus, while revenue of $121.95 million also exceeded expectations. The bank paid a quarterly dividend of $0.42 per share, representing a 4.2% yield.
• Analysts maintain a “Moderate Buy” consensus rating with an average price target of $42.00, compared with the stock’s recent price near $39.66.

Deutsche Bank AG purchased a new position in Peoples Bancorp Inc. (NASDAQ:PEBO - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 37,078 shares of the bank's stock, valued at approximately $1,424,000. Deutsche Bank AG owned approximately 0.10% of Peoples Bancorp at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of PEBO. Jackson Creek Investment Advisors LLC purchased a new stake in shares of Peoples Bancorp in the 4th quarter worth approximately $1,817,000. UBS Group AG grew its stake in shares of Peoples Bancorp by 391.8% in the fourth quarter. UBS Group AG now owns 198,742 shares of the bank's stock worth $5,968,000 after acquiring an additional 158,327 shares during the last quarter. Segall Bryant & Hamill LLC increased its holdings in shares of Peoples Bancorp by 28.5% during the first quarter. Segall Bryant & Hamill LLC now owns 259,843 shares of the bank's stock valued at $8,541,000 after acquiring an additional 57,650 shares in the last quarter. AMG National Trust Bank purchased a new position in shares of Peoples Bancorp in the 2nd quarter worth about $1,433,000. Finally, Vanguard Group Inc. boosted its stake in Peoples Bancorp by 2.4% in the 4th quarter. Vanguard Group Inc. now owns 2,080,137 shares of the bank's stock worth $62,467,000 after purchasing an additional 48,166 shares in the last quarter. 60.68% of the stock is owned by institutional investors.

Insider Buying and Selling at Peoples Bancorp

In other Peoples Bancorp news, Director Dwight Eric Smith bought 1,000 shares of Peoples Bancorp stock in a transaction on Thursday, July 23rd. The shares were acquired at an average price of $39.81 per share, for a total transaction of $39,810.00. Following the completion of the purchase, the director directly owned 10,256 shares in the company, valued at approximately $408,291.36. This trade represents a 10.80% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Matthew Edgell sold 3,000 shares of the stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $41.27, for a total value of $123,810.00. Following the transaction, the insider directly owned 20,183 shares in the company, valued at $832,952.41. The trade was a 12.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 3.31% of the company's stock.

Peoples Bancorp Trading Up 0.1%

Shares of PEBO stock opened at $39.66 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of 11.98 and a beta of 0.61. Peoples Bancorp Inc. has a 12-month low of $27.49 and a 12-month high of $42.29. The stock's 50-day moving average price is $39.74 and its 200-day moving average price is $35.84.

Peoples Bancorp (NASDAQ:PEBO - Get Free Report) last issued its quarterly earnings data on Tuesday, July 21st. The bank reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.11. Peoples Bancorp had a return on equity of 10.71% and a net margin of 19.17%.The business had revenue of $121.95 million for the quarter, compared to analysts' expectations of $120.05 million. Equities research analysts predict that Peoples Bancorp Inc. will post 3.56 EPS for the current fiscal year.

Peoples Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 3rd were paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Monday, August 3rd. Peoples Bancorp's payout ratio is presently 50.76%.

Wall Street Analyst Weigh In

PEBO has been the subject of a number of recent analyst reports. Piper Sandler set a $46.00 price objective on shares of Peoples Bancorp in a report on Wednesday, July 22nd. DA Davidson lifted their target price on Peoples Bancorp from $41.00 to $44.00 and gave the stock a "buy" rating in a report on Wednesday, July 22nd. Keefe, Bruyette & Woods upped their price target on Peoples Bancorp from $38.00 to $42.00 and gave the company a "market perform" rating in a report on Wednesday, July 22nd. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Peoples Bancorp in a research report on Wednesday. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Peoples Bancorp currently has an average rating of "Moderate Buy" and a consensus target price of $42.00.

Peoples Bancorp Company 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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