Wellington Management Group LLP Has $14.32 Million Holdings in Peoples Bancorp Inc. (NASDAQ:PEBO)

Wellington Management Group LLP raised its holdings in Peoples Bancorp Inc. (NASDAQ:PEBO - Free Report) by 28.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 451,788 shares of the bank's stock after buying an additional 99,300 shares during the period. Wellington Management Group LLP owned about 1.27% of Peoples Bancorp worth $14,317,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. California State Teachers Retirement System raised its stake in Peoples Bancorp by 3.8% in the fourth quarter. California State Teachers Retirement System now owns 33,146 shares of the bank's stock valued at $1,050,000 after buying an additional 1,201 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Peoples Bancorp by 10.9% during the fourth 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 buying an additional 7,578 shares during the last quarter. Nuveen Asset Management LLC grew its holdings in shares of Peoples Bancorp by 55.4% during the fourth quarter. Nuveen Asset Management LLC now owns 184,074 shares of the bank's stock worth $5,833,000 after buying an additional 65,612 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew 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 buying an additional 703 shares during the last quarter. Finally, Janus Henderson Group PLC grew its holdings in shares of Peoples Bancorp by 48.6% during the fourth quarter. Janus Henderson Group PLC now owns 25,629 shares of the bank's stock worth $813,000 after buying an additional 8,381 shares during the last quarter. 60.68% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Carol A. Schneeberger sold 1,000 shares of the firm's stock in a transaction that occurred on 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 approximately $775,717.20. This trade represents a 3.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.41% of the stock is currently owned by insiders.

Peoples Bancorp Stock Down 1.3%

NASDAQ:PEBO traded down $0.39 on Wednesday, reaching $29.22. The stock had a trading volume of 52,797 shares, compared to its average volume of 142,312. 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 company has a 50-day moving average of $28.97 and a 200 day moving average of $31.19. The stock has a market cap of $1.04 billion, a P/E ratio of 8.83 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.

Peoples Bancorp (NASDAQ:PEBO - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The bank reported $0.69 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.73 by ($0.04). The company had revenue of $113.00 million during the quarter, compared to analyst estimates of $112.76 million. Peoples Bancorp had a net margin of 18.90% and a return on equity of 11.07%. During the same quarter last year, the company posted $0.85 EPS. On average, research analysts predict that Peoples Bancorp Inc. will post 3.28 earnings per share for the current year.

Peoples Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, May 19th. Shareholders of record on Monday, May 5th were paid a $0.41 dividend. The ex-dividend date of this dividend was Monday, May 5th. This represents a $1.64 annualized dividend and a dividend yield of 5.61%. This is a positive change from Peoples Bancorp's previous quarterly dividend of $0.40. Peoples Bancorp's dividend payout ratio (DPR) is presently 52.06%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. DA Davidson lowered their price target on Peoples Bancorp from $39.00 to $35.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Wall Street Zen raised Peoples Bancorp from a "sell" rating to a "hold" rating in a research note on Saturday, May 24th. Finally, Stephens decreased their price target 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 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.com, Peoples Bancorp currently has a consensus rating of "Hold" and a consensus target price of $36.00.

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.