Northern Trust Corp Purchases 21,101 Shares of Peoples Bancorp Inc. (NASDAQ:PEBO)

Northern Trust Corp boosted its holdings in Peoples Bancorp Inc. (NASDAQ:PEBO - Free Report) by 6.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 338,569 shares of the bank's stock after buying an additional 21,101 shares during the period. Northern Trust Corp owned approximately 0.95% of Peoples Bancorp worth $10,729,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Tudor Investment Corp ET AL acquired a new stake in shares of Peoples Bancorp during the fourth quarter worth $2,414,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Peoples Bancorp during the fourth quarter worth $454,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Peoples Bancorp by 4.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 51,308 shares of the bank's stock worth $1,626,000 after acquiring an additional 2,214 shares during the period. Tower Research Capital LLC TRC raised its holdings in shares of Peoples Bancorp by 468.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 8,358 shares of the bank's stock worth $265,000 after acquiring an additional 6,888 shares during the period. Finally, MetLife Investment Management LLC raised its holdings in shares of Peoples Bancorp by 5.9% during the fourth quarter. MetLife Investment Management LLC now owns 20,790 shares of the bank's stock worth $659,000 after acquiring an additional 1,150 shares during the period. 60.68% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Carol A. Schneeberger sold 1,000 shares of Peoples Bancorp stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $30.20, for a total value of $30,200.00. Following the completion of the transaction, the director now owns 25,686 shares of the company's stock, valued at $775,717.20. This trade represents a 3.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 3.41% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on PEBO shares. Stephens decreased their target price on shares of 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. DA Davidson decreased their target price on shares of Peoples Bancorp from $39.00 to $35.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd.

Peoples Bancorp Stock Down 0.7%

Peoples Bancorp stock traded down $0.20 during mid-day trading on Friday, reaching $29.26. The company's stock had a trading volume of 94,272 shares, compared to its average volume of 135,039. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of 8.84 and a beta of 0.62. Peoples Bancorp Inc. has a 12 month low of $26.21 and a 12 month high of $37.07. The business's 50 day simple moving average is $29.05 and its 200 day simple moving average is $31.50. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.83 and a current ratio of 0.83.

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 business had revenue of $113.00 million during 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 period last year, the business posted $0.85 EPS. As a group, research analysts anticipate that Peoples Bancorp Inc. will post 3.28 earnings per share for the current year.

Peoples Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 19th. Stockholders of record on Monday, May 5th were given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 5.60%. The ex-dividend date was Monday, May 5th. This is an increase from Peoples Bancorp's previous quarterly dividend of $0.40. Peoples Bancorp's dividend payout ratio (DPR) is 52.06%.

Peoples Bancorp 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.