Peoples Bancorp Inc. (NASDAQ:PEBO) Shares Acquired by Johnson Investment Counsel Inc.

Johnson Investment Counsel Inc. raised its holdings in shares of Peoples Bancorp Inc. (NASDAQ:PEBO - Free Report) by 34.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,583 shares of the bank's stock after acquiring an additional 9,292 shares during the quarter. Johnson Investment Counsel Inc. owned approximately 0.10% of Peoples Bancorp worth $1,085,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in PEBO. Deutsche Bank AG grew its holdings in shares of Peoples Bancorp by 55.0% during the fourth quarter. Deutsche Bank AG now owns 29,279 shares of the bank's stock worth $928,000 after buying an additional 10,394 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of Peoples Bancorp by 3.6% during the fourth quarter. Cetera Investment Advisers now owns 22,488 shares of the bank's stock worth $713,000 after buying an additional 782 shares in the last quarter. Nuveen Asset Management LLC grew its holdings in Peoples Bancorp by 55.4% in the fourth quarter. Nuveen Asset Management LLC now owns 184,074 shares of the bank's stock valued at $5,833,000 after purchasing an additional 65,612 shares during the period. Raymond James Financial Inc. purchased a new stake in Peoples Bancorp in the fourth quarter valued at approximately $2,122,000. Finally, Proficio Capital Partners LLC purchased a new stake in Peoples Bancorp in the fourth quarter valued at approximately $394,000. 60.68% of the stock is currently owned by hedge funds and other institutional investors.

Peoples Bancorp Trading Down 0.4%

PEBO stock traded down $0.13 during midday trading on Friday, reaching $28.99. 264,940 shares of the company's stock traded hands, compared to its average volume of 136,560. The company has a market capitalization of $1.03 billion, a P/E ratio of 9.20 and a beta of 0.64. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.83 and a quick ratio of 0.83. Peoples Bancorp Inc. has a fifty-two week low of $26.21 and a fifty-two week high of $37.07. The business has a 50-day moving average price of $29.31 and a two-hundred day moving average price of $30.64.

Peoples Bancorp (NASDAQ:PEBO - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The bank reported $0.69 EPS for the quarter, missing analysts' consensus estimates of $0.73 by ($0.04). Peoples Bancorp had a return on equity of 10.36% and a net margin of 18.10%. The firm had revenue of $113.00 million for the quarter, compared to analyst estimates of $112.76 million. During the same period in the previous year, the firm posted $0.85 earnings per share. Equities research analysts forecast that Peoples Bancorp Inc. will post 3.28 EPS for the current fiscal year.

Peoples Bancorp Increases Dividend

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

Analyst Ratings Changes

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

Peoples Bancorp Company 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.