Dimensional Fund Advisors LP Has $77.08 Million Stake in Peoples Bancorp Inc. (NASDAQ:PEBO)

Dimensional Fund Advisors LP trimmed its stake in shares of Peoples Bancorp Inc. (NASDAQ:PEBO - Free Report) by 0.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,432,431 shares of the bank's stock after selling 12,952 shares during the quarter. Dimensional Fund Advisors LP owned about 6.84% of Peoples Bancorp worth $77,084,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in PEBO. US Bancorp DE raised its holdings in Peoples Bancorp by 172.8% during the fourth quarter. US Bancorp DE now owns 1,094 shares of the bank's stock worth $35,000 after purchasing an additional 693 shares in the last quarter. Sterling Capital Management LLC lifted its holdings in shares of Peoples Bancorp by 815.7% in the fourth quarter. Sterling Capital Management LLC now owns 1,108 shares of the bank's stock valued at $35,000 after buying an additional 987 shares during the period. Spire Wealth Management bought a new position in Peoples Bancorp during the fourth quarter valued at about $43,000. KLP Kapitalforvaltning AS acquired a new position in Peoples Bancorp during the fourth quarter worth about $241,000. Finally, Virtu Financial LLC bought a new stake in Peoples Bancorp in the fourth quarter worth about $243,000. 60.68% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Peoples Bancorp

In related news, Director Carol A. Schneeberger sold 1,000 shares of the business's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $32.83, for a total transaction of $32,830.00. Following the transaction, the director now directly owns 26,686 shares of the company's stock, valued at approximately $876,101.38. The trade was a 3.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 3.41% of the company's stock.

Peoples Bancorp Trading Up 2.2 %

Shares of Peoples Bancorp stock traded up $0.65 during trading on Friday, hitting $29.84. The stock had a trading volume of 168,631 shares, compared to its average volume of 132,747. Peoples Bancorp Inc. has a 1 year low of $26.21 and a 1 year high of $37.07. The stock has a 50 day simple moving average of $29.16 and a 200 day simple moving average of $31.60. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $1.06 billion, a PE ratio of 9.02 and a beta of 0.63.

Peoples Bancorp (NASDAQ:PEBO - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The bank reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.04). The firm 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 last year, the firm earned $0.85 earnings per share. On average, research analysts expect that Peoples Bancorp Inc. will post 3.28 EPS for the current fiscal year.

Peoples Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 19th. Shareholders of record on Monday, May 5th will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Monday, May 5th. This is a positive change from Peoples Bancorp's previous quarterly dividend of $0.40. This represents a $1.64 dividend on an annualized basis and a yield of 5.50%. Peoples Bancorp's dividend payout ratio (DPR) is presently 52.06%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. DA Davidson lowered their price objective on shares of Peoples Bancorp from $39.00 to $35.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Stephens dropped their price target on Peoples Bancorp from $37.50 to $33.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 23rd. Finally, Piper Sandler raised 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.

About Peoples Bancorp

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.