Peoples Bancorp Inc. (NASDAQ:PEBO) Shares Sold by Peoples Bank OH

Peoples Bank OH lowered its stake in Peoples Bancorp Inc. (NASDAQ:PEBO - Free Report) by 3.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 569,762 shares of the bank's stock after selling 21,143 shares during the quarter. Peoples Bancorp comprises approximately 11.1% of Peoples Bank OH's investment portfolio, making the stock its biggest holding. Peoples Bank OH owned 1.60% of Peoples Bancorp worth $16,899,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. US Bancorp DE raised its holdings in shares of Peoples Bancorp by 172.8% in the fourth quarter. US Bancorp DE now owns 1,094 shares of the bank's stock valued at $35,000 after purchasing an additional 693 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Peoples Bancorp by 24.0% during the 4th quarter. Victory Capital Management Inc. now owns 46,138 shares of the bank's stock worth $1,462,000 after buying an additional 8,938 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Peoples Bancorp during the 4th quarter worth about $394,000. Arizona State Retirement System raised 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 purchasing an additional 595 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in Peoples Bancorp during the fourth quarter worth approximately $2,122,000. 60.68% of the stock is currently owned by institutional investors and hedge funds.

Peoples Bancorp Price Performance

PEBO stock traded down $0.31 during midday trading on Friday, reaching $31.56. 37,464 shares of the stock were exchanged, compared to its average volume of 147,748. Peoples Bancorp Inc. has a 52 week low of $26.21 and a 52 week high of $37.07. The company has a fifty day moving average price of $30.11 and a 200 day moving average price of $30.42. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.83 and a quick ratio of 0.83. The stock has a market capitalization of $1.13 billion, a PE ratio of 10.02 and a beta of 0.65.

Peoples Bancorp (NASDAQ:PEBO - Get Free Report) last issued its quarterly earnings data 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 10.36% and a net margin of 18.10%. The business had revenue of $113.00 million during the quarter, compared to the consensus estimate of $112.76 million. During the same period in the prior year, the firm earned $0.85 EPS. As a group, analysts expect that Peoples Bancorp Inc. will post 3.28 EPS for the current fiscal year.

Peoples Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, May 19th. Investors of record on Monday, May 5th were paid a dividend of $0.41 per share. The ex-dividend date of this dividend was Monday, May 5th. This represents a $1.64 annualized dividend and a yield of 5.20%. This is a boost from Peoples Bancorp's previous quarterly dividend of $0.40. Peoples Bancorp's dividend payout ratio (DPR) is currently 52.06%.

Insider Buying and Selling

In other Peoples Bancorp news, Director Carol A. Schneeberger sold 1,000 shares of the stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $31.76, for a total transaction of $31,760.00. Following the transaction, the director directly owned 25,330 shares in the company, valued at approximately $804,480.80. This represents a 3.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 1,962 shares of company stock worth $61,110 over the last ninety days. Company insiders own 3.41% of the company's stock.

Wall Street Analyst Weigh In

PEBO has been the subject of several research reports. Wall Street Zen raised Peoples Bancorp from a "sell" rating to a "hold" rating in a report on Saturday, May 24th. Keefe, Bruyette & Woods raised their target price on Peoples Bancorp from $32.00 to $33.00 and gave the company a "market perform" rating in a report on Friday. Stephens dropped 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. Finally, DA Davidson lowered their target price on Peoples Bancorp from $39.00 to $35.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $35.25.

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.