Peoples Bancorp Inc. (NASDAQ:PEBO) Shares Sold by Millennium Management LLC

Millennium Management LLC lessened its position in shares of Peoples Bancorp Inc. (NASDAQ:PEBO - Free Report) by 88.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,138 shares of the bank's stock after selling 73,214 shares during the period. Millennium Management LLC's holdings in Peoples Bancorp were worth $290,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of PEBO. Shoker Investment Counsel Inc. grew its stake in shares of Peoples Bancorp by 1.0% during the fourth quarter. Shoker Investment Counsel Inc. now owns 31,467 shares of the bank's stock worth $997,000 after purchasing an additional 316 shares in the last quarter. Arizona State Retirement System increased its holdings in shares of Peoples Bancorp by 6.1% in the 4th quarter. Arizona State Retirement System now owns 10,304 shares of the bank's stock valued at $327,000 after acquiring an additional 595 shares during the last quarter. US Bancorp DE raised its position in shares of Peoples Bancorp by 172.8% during 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Peoples Bancorp by 3.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,682 shares of the bank's stock worth $624,000 after purchasing an additional 703 shares during the last quarter. Finally, Cetera Investment Advisers boosted its holdings in Peoples Bancorp by 3.6% in the fourth quarter. Cetera Investment Advisers now owns 22,488 shares of the bank's stock valued at $713,000 after purchasing an additional 782 shares in the last quarter. 60.68% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PEBO has been the subject of several research analyst reports. DA Davidson lowered their target price on shares of 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 shares of Peoples Bancorp from a "sell" rating to a "hold" rating in a research note on Saturday, May 24th. Finally, Stephens cut their target price on Peoples Bancorp from $37.50 to $33.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 23rd. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, Peoples Bancorp has an average rating of "Hold" and a consensus target price of $36.00.

Peoples Bancorp Stock Performance

NASDAQ:PEBO traded down $0.13 during trading hours on Thursday, reaching $29.88. 8,728 shares of the company's stock were exchanged, compared to its average volume of 135,253. Peoples Bancorp Inc. has a 1-year low of $26.21 and a 1-year 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 company has a 50-day moving average of $29.05 and a 200 day moving average of $30.99. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 9.03 and a beta of 0.64.

Peoples Bancorp (NASDAQ:PEBO - Get Free Report) last posted its quarterly 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). Peoples Bancorp had a return on equity of 11.07% and a net margin of 18.90%. The company had revenue of $113.00 million for the quarter, compared to analyst estimates of $112.76 million. During the same period last year, the company earned $0.85 earnings per share. Research analysts anticipate that Peoples Bancorp Inc. will post 3.28 EPS for the current year.

Peoples Bancorp Increases Dividend

The business also recently declared 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 represents a $1.64 dividend on an annualized basis and a dividend yield of 5.49%. This is an increase from Peoples Bancorp's previous quarterly dividend of $0.40. The ex-dividend date was Monday, May 5th. Peoples Bancorp's dividend payout ratio (DPR) is presently 52.06%.

Peoples Bancorp Company Profile

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.