Nuveen Asset Management LLC Has $5.83 Million Position in Peoples Bancorp Inc. (NASDAQ:PEBO)

Nuveen Asset Management LLC lifted its holdings in Peoples Bancorp Inc. (NASDAQ:PEBO - Free Report) by 55.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 184,074 shares of the bank's stock after buying an additional 65,612 shares during the period. Nuveen Asset Management LLC owned about 0.52% of Peoples Bancorp worth $5,833,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of 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 period. Janus Henderson Group PLC boosted its stake in shares of Peoples Bancorp by 48.6% during the 4th quarter. Janus Henderson Group PLC now owns 25,629 shares of the bank's stock valued at $813,000 after buying an additional 8,381 shares during the period. Graver Capital Management LLC acquired a new stake in shares of Peoples Bancorp during the 4th quarter valued at $1,806,000. Deutsche Bank AG grew its holdings in shares of Peoples Bancorp by 55.0% during the 4th quarter. Deutsche Bank AG now owns 29,279 shares of the bank's stock valued at $928,000 after acquiring an additional 10,394 shares in the last quarter. Finally, Cetera Investment Advisers increased its stake in shares of Peoples Bancorp by 3.6% in the fourth quarter. Cetera Investment Advisers now owns 22,488 shares of the bank's stock worth $713,000 after acquiring an additional 782 shares during the last quarter. 60.68% of the stock is owned by institutional investors and hedge funds.

Peoples Bancorp Stock Down 1.0%

Shares of NASDAQ:PEBO traded down $0.29 on Wednesday, reaching $29.33. The company had a trading volume of 9,772 shares, compared to its average volume of 134,934. The stock has a market capitalization of $1.05 billion, a P/E ratio of 8.86 and a beta of 0.62. The stock has a 50-day moving average price of $28.97 and a 200 day moving average price of $31.19. Peoples Bancorp Inc. has a twelve month low of $26.21 and a twelve month 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.

Peoples Bancorp (NASDAQ:PEBO - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The bank reported $0.69 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $112.76 million. During the same quarter last year, the firm posted $0.85 earnings per share. On average, equities analysts expect that Peoples Bancorp Inc. will post 3.28 EPS for the current year.

Peoples Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, May 19th. Investors of record on Monday, May 5th were given a dividend of $0.41 per share. The ex-dividend date was Monday, May 5th. This represents a $1.64 dividend on an annualized basis and a yield of 5.59%. This is a positive change from Peoples Bancorp's previous quarterly dividend of $0.40. Peoples Bancorp's payout ratio is 52.06%.

Insider Buying and Selling at Peoples Bancorp

In other news, Director Carol A. Schneeberger sold 1,000 shares of the company's 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 transaction, the director now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.41% of the company's stock.

Wall Street Analyst Weigh In

PEBO has been the subject of a number of research reports. Stephens reduced their price objective on 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. Wall Street Zen upgraded Peoples Bancorp from a "sell" rating to a "hold" rating in a report on Saturday, May 24th. Finally, DA Davidson dropped their price objective on Peoples Bancorp from $39.00 to $35.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $36.00.

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.