BNP Paribas Financial Markets Has $196,000 Stock Position in Peoples Bancorp Inc. (NASDAQ:PEBO)

BNP Paribas Financial Markets reduced its holdings in Peoples Bancorp Inc. (NASDAQ:PEBO - Free Report) by 62.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,177 shares of the bank's stock after selling 10,174 shares during the period. BNP Paribas Financial Markets' holdings in Peoples Bancorp were worth $196,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. US Bancorp DE lifted its stake in Peoples Bancorp by 172.8% in the 4th quarter. US Bancorp DE now owns 1,094 shares of the bank's stock worth $35,000 after acquiring an additional 693 shares in the last quarter. Sterling Capital Management LLC lifted its stake in Peoples Bancorp by 815.7% in the 4th quarter. Sterling Capital Management LLC now owns 1,108 shares of the bank's stock worth $35,000 after acquiring an additional 987 shares in the last quarter. Spire Wealth Management purchased a new stake in Peoples Bancorp in the 4th quarter worth about $43,000. KLP Kapitalforvaltning AS purchased a new stake in Peoples Bancorp in the 4th quarter worth about $241,000. Finally, Virtu Financial LLC purchased a new stake in Peoples Bancorp in the 4th quarter worth about $243,000. 60.68% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PEBO has been the topic of several research reports. DA Davidson dropped their target price on Peoples Bancorp from $39.00 to $35.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Stephens dropped their target price on Peoples Bancorp from $37.50 to $33.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 23rd. Finally, Wall Street Zen raised Peoples Bancorp from a "sell" rating to a "hold" rating in a research report on Saturday, May 24th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $36.00.

Peoples Bancorp Stock Up 1.5%

Shares of NASDAQ PEBO traded up $0.45 during mid-day trading on Tuesday, reaching $29.61. 114,667 shares of the company traded hands, compared to its average volume of 135,427. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.83 and a current ratio of 0.83. The stock has a market cap of $1.06 billion, a PE ratio of 8.95 and a beta of 0.62. The company's fifty day moving average is $28.97 and its two-hundred day moving average is $31.19. Peoples Bancorp Inc. has a fifty-two week low of $26.21 and a fifty-two week high of $37.07.

Peoples Bancorp (NASDAQ:PEBO - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The bank reported $0.69 EPS for the quarter, missing analysts' consensus estimates of $0.73 by ($0.04). The company had revenue of $113.00 million for 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 period in the prior year, the company posted $0.85 EPS. On average, analysts expect that Peoples Bancorp Inc. will post 3.28 earnings per share for the current year.

Peoples Bancorp Increases Dividend

The business also recently disclosed 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 a positive change from Peoples Bancorp's previous quarterly dividend of $0.40. The ex-dividend date was Monday, May 5th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 5.54%. Peoples Bancorp's dividend payout ratio is currently 52.06%.

Insider Activity

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

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.