Peoples Bancorp Inc. (NASDAQ:PEBO) Stock Holdings Lifted by Wellington Management Group LLP

Wellington Management Group LLP lifted its position in Peoples Bancorp Inc. (NASDAQ:PEBO - Free Report) by 28.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 451,788 shares of the bank's stock after acquiring an additional 99,300 shares during the quarter. Wellington Management Group LLP owned 1.27% of Peoples Bancorp worth $14,317,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. California State Teachers Retirement System lifted its holdings in shares of Peoples Bancorp by 3.8% in the 4th quarter. California State Teachers Retirement System now owns 33,146 shares of the bank's stock worth $1,050,000 after purchasing an additional 1,201 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Peoples Bancorp by 10.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 77,115 shares of the bank's stock worth $2,444,000 after purchasing an additional 7,578 shares during the last quarter. Nuveen Asset Management LLC lifted its holdings in shares of Peoples Bancorp by 55.4% in the 4th quarter. Nuveen Asset Management LLC now owns 184,074 shares of the bank's stock worth $5,833,000 after purchasing an additional 65,612 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Peoples Bancorp by 3.7% in the 4th 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, Janus Henderson Group PLC lifted its holdings in shares of Peoples Bancorp by 48.6% in the 4th quarter. Janus Henderson Group PLC now owns 25,629 shares of the bank's stock worth $813,000 after purchasing an additional 8,381 shares during the last quarter. Institutional investors and hedge funds own 60.68% of the company's stock.

Peoples Bancorp Price Performance

Shares of NASDAQ PEBO traded down $0.18 during mid-day trading on Thursday, reaching $28.99. The company had a trading volume of 101,821 shares, compared to its average volume of 135,730. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.21. The stock has a market cap of $1.03 billion, a PE ratio of 8.76 and a beta of 0.62. The company has a 50-day moving average price of $28.95 and a two-hundred day moving average price of $31.14. Peoples Bancorp Inc. has a 1-year low of $26.21 and a 1-year high of $37.07.

Peoples Bancorp (NASDAQ:PEBO - Get Free Report) last issued 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 net margin of 18.90% and a return on equity of 11.07%. The business had revenue of $113.00 million for the quarter, compared to analysts' expectations of $112.76 million. During the same quarter in the prior year, the firm posted $0.85 EPS. On average, equities analysts anticipate that Peoples Bancorp Inc. will post 3.28 earnings per share for the current year.

Peoples Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, May 19th. Stockholders of record on Monday, May 5th were issued a dividend of $0.41 per share. This is an increase from Peoples Bancorp's previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Monday, May 5th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 5.66%. Peoples Bancorp's payout ratio is currently 52.06%.

Insider Activity

In other Peoples Bancorp news, Director Carol A. Schneeberger sold 1,000 shares of the business's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $30.20, for a total value of $30,200.00. Following the transaction, the director now owns 25,686 shares in the company, valued at $775,717.20. The trade was a 3.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 3.41% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Wall Street Zen raised Peoples Bancorp from a "sell" rating to a "hold" rating in a research note on Saturday, May 24th. DA Davidson cut their target price on Peoples Bancorp from $39.00 to $35.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. 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 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. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price 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.