Peoples Bancorp Inc. $PEBO Shares Purchased by Martingale Asset Management L P

Key Points

• Mardingale Asset Management L P significantly increased its stake in Peoples Bancorp Inc. by 82.6% during the 1st quarter, holding approximately 0.05% of the company worth around $542,000.
• Peoples Bancorp recently reported a missed earnings estimate of $0.60 EPS for the quarter, falling short of the $0.78 consensus estimate, while showing revenue of $115.02 million.
• The company declared a quarterly dividend of $0.41 per share, representing an annualized dividend of $1.64 and a yield of 5.4%, with a payout ratio of 56.16%.

Martingale Asset Management L P raised its stake in Peoples Bancorp Inc. (NASDAQ:PEBO - Free Report) by 82.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,263 shares of the bank's stock after buying an additional 8,263 shares during the period. Martingale Asset Management L P owned approximately 0.05% of Peoples Bancorp worth $542,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC increased its holdings in shares of Peoples Bancorp by 1,426.3% in the first quarter. GAMMA Investing LLC now owns 2,610 shares of the bank's stock valued at $77,000 after buying an additional 2,439 shares in the last quarter. CWM LLC increased its holdings in shares of Peoples Bancorp by 86.7% in the first quarter. CWM LLC now owns 4,976 shares of the bank's stock valued at $148,000 after buying an additional 2,311 shares in the last quarter. Balyasny Asset Management L.P. bought a new position in shares of Peoples Bancorp in the fourth quarter valued at $215,000. Moody National Bank Trust Division bought a new position in shares of Peoples Bancorp in the first quarter valued at $229,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Peoples Bancorp by 468.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 8,358 shares of the bank's stock valued at $265,000 after buying an additional 6,888 shares in the last quarter. Institutional investors own 60.68% of the company's stock.

Insiders Place Their Bets

In other news, Director Carol A. Schneeberger sold 1,000 shares of the company's stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $31.76, for a total value of $31,760.00. Following the transaction, the director directly owned 25,330 shares of the company's stock, valued at approximately $804,480.80. This represents a 3.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Dwight Eric Smith purchased 1,060 shares of the company's stock in a transaction dated Thursday, July 24th. The stock was bought at an average cost of $30.27 per share, for a total transaction of $32,086.20. Following the completion of the purchase, the director directly owned 6,999 shares of the company's stock, valued at $211,859.73. The trade was a 17.85% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 3.41% of the company's stock.

Peoples Bancorp Price Performance

Shares of NASDAQ:PEBO opened at $30.53 on Tuesday. The company's fifty day moving average is $30.11 and its two-hundred day moving average is $29.91. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.20. Peoples Bancorp Inc. has a 12-month low of $26.21 and a 12-month high of $37.07. The company has a market cap of $1.09 billion, a P/E ratio of 10.46 and a beta of 0.67.

Peoples Bancorp (NASDAQ:PEBO - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The bank reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.18). Peoples Bancorp had a net margin of 16.88% and a return on equity of 9.46%. The firm had revenue of $115.02 million for the quarter, compared to analyst estimates of $113.20 million. Equities analysts expect that Peoples Bancorp Inc. will post 3.28 earnings per share for the current fiscal year.

Peoples Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 18th. Stockholders of record on Monday, August 4th were paid a $0.41 dividend. The ex-dividend date of this dividend was Monday, August 4th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 5.4%. Peoples Bancorp's dividend payout ratio is 56.16%.

Analysts Set New Price Targets

Several research firms have issued reports on PEBO. Keefe, Bruyette & Woods upped their price target on Peoples Bancorp from $32.00 to $33.00 and gave the company a "market perform" rating in a report on Friday, July 11th. Wall Street Zen cut Peoples Bancorp from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $35.25.

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.

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