Legal & General Group Plc Takes Position in Peoples Bancorp Inc. $PEBO

Legal & General Group Plc acquired a new stake in Peoples Bancorp Inc. (NASDAQ:PEBO - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 28,523 shares of the bank's stock, valued at approximately $1,096,000. Legal & General Group Plc owned 0.08% of Peoples Bancorp as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. D.A. Davidson & CO. boosted its stake in shares of Peoples Bancorp by 1.3% in the first quarter. D.A. Davidson & CO. now owns 24,366 shares of the bank's stock worth $801,000 after acquiring an additional 320 shares during the last quarter. Cetera Investment Advisers lifted its holdings in Peoples Bancorp by 1.6% in the 4th quarter. Cetera Investment Advisers now owns 24,348 shares of the bank's stock valued at $731,000 after purchasing an additional 385 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in Peoples Bancorp by 2.5% in the 2nd 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. Pathway Financial Advisers LLC boosted its stake in Peoples Bancorp by 1.2% during the 4th quarter. Pathway Financial Advisers LLC now owns 35,520 shares of the bank's stock worth $1,067,000 after purchasing an additional 414 shares during the last quarter. Finally, Inspire Investing LLC boosted its stake in Peoples Bancorp by 2.8% during the 4th quarter. Inspire Investing LLC now owns 15,582 shares of the bank's stock worth $468,000 after purchasing an additional 420 shares during the last quarter. 60.68% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Dwight Smith purchased 1,000 shares of the company's stock in a transaction dated Thursday, July 23rd. The stock was acquired at an average price of $39.81 per share, with a total value of $39,810.00. Following the purchase, the director directly owned 10,256 shares in the company, valued at approximately $408,291.36. This represents a 10.80% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Matthew Edgell sold 3,000 shares of the firm's stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $41.27, for a total transaction of $123,810.00. Following the sale, the insider owned 20,183 shares of the company's stock, valued at $832,952.41. This represents a 12.94% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 3.31% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on PEBO shares. Weiss Ratings reiterated a "buy (b)" rating on shares of Peoples Bancorp in a research report on Wednesday, August 26th. Keefe, Bruyette & Woods upped their price objective on shares of Peoples Bancorp from $38.00 to $42.00 and gave the company a "market perform" rating in a research note on Wednesday, July 22nd. DA Davidson increased their price objective on shares of Peoples Bancorp from $41.00 to $44.00 and gave the company a "buy" rating in a report on Wednesday, July 22nd. Finally, Piper Sandler set a $46.00 price objective on shares of Peoples Bancorp in a report on Wednesday, July 22nd. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $42.00.

Peoples Bancorp Price Performance

Shares of PEBO opened at $39.99 on Tuesday. Peoples Bancorp Inc. has a 52-week low of $27.49 and a 52-week high of $42.29. The company has a market capitalization of $1.44 billion, a PE ratio of 12.08 and a beta of 0.59. The stock has a fifty day simple moving average of $39.98 and a two-hundred day simple moving average of $36.11. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.13.

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

Peoples Bancorp Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $1.68 dividend on an annualized basis and a yield of 4.2%. Peoples Bancorp's payout ratio is 50.76%.

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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