JPMorgan Chase & Co. raised its holdings in shares of Peoples Bancorp Inc. (NASDAQ:PEBO - Free Report) by 87.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 115,352 shares of the bank's stock after purchasing an additional 53,707 shares during the period. JPMorgan Chase & Co. owned about 0.32% of Peoples Bancorp worth $3,656,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of PEBO. US Bancorp DE grew its position in shares of Peoples Bancorp by 172.8% during the 4th quarter. US Bancorp DE now owns 1,094 shares of the bank's stock valued at $35,000 after buying an additional 693 shares during the last quarter. FMR LLC grew its holdings in shares of Peoples Bancorp by 42.0% during the third quarter. FMR LLC now owns 1,252 shares of the bank's stock valued at $38,000 after purchasing an additional 370 shares during the last quarter. Spire Wealth Management bought a new position in shares of Peoples Bancorp during the fourth quarter valued at approximately $43,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Peoples Bancorp during the 4th quarter worth approximately $241,000. Finally, Virtu Financial LLC bought a new stake in shares of Peoples Bancorp in the 4th quarter worth approximately $243,000. 60.68% of the stock is owned by institutional investors and hedge funds.
Peoples Bancorp Stock Performance
Peoples Bancorp stock traded down $0.37 during mid-day trading on Friday, hitting $28.48. 13,438 shares of the company's stock traded hands, compared to its average volume of 132,512. Peoples Bancorp Inc. has a one year low of $26.21 and a one year high of $37.07. The company has a market cap of $1.02 billion, a PE ratio of 8.60 and a beta of 0.63. The firm has a 50 day moving average price of $29.53 and a 200 day moving average price of $31.65. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.21.
Peoples Bancorp (NASDAQ:PEBO - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The bank reported $0.69 earnings per share for the quarter, missing the consensus estimate 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 return on equity of 11.07% and a net margin of 18.90%. During the same period in the previous year, the company earned $0.85 EPS. On average, equities analysts forecast that Peoples Bancorp Inc. will post 3.28 EPS for the current year.
Peoples Bancorp Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 19th. Stockholders of record on Monday, May 5th will be issued a $0.41 dividend. The ex-dividend date of this dividend is Monday, May 5th. This is a boost from Peoples Bancorp's previous quarterly dividend of $0.40. This represents a $1.64 annualized dividend and a dividend yield of 5.76%. Peoples Bancorp's dividend payout ratio (DPR) is 52.06%.
Insider Activity at Peoples Bancorp
In other news, Director Carol A. Schneeberger sold 1,000 shares of the company's stock in a transaction 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 completion of the sale, the director now owns 25,686 shares in the company, valued at $775,717.20. This represents a 3.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 3.41% of the company's stock.
Analyst Ratings Changes
A number of brokerages recently commented on PEBO. Piper Sandler upped their price objective on Peoples Bancorp from $39.00 to $40.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 22nd. DA Davidson lowered their price target on shares of Peoples Bancorp from $39.00 to $35.00 and set a "buy" rating for the company in a research report on Wednesday. Finally, Stephens cut their price objective on shares of Peoples Bancorp from $37.50 to $33.00 and set an "equal weight" rating on the stock in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $36.00.
Read Our Latest Stock Analysis on Peoples Bancorp
Peoples Bancorp Company Profile
(
Free Report)
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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