Peoples Bancorp Inc. (NASDAQ:PEBO) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP decreased its holdings in shares of Peoples Bancorp Inc. (NASDAQ:PEBO - Free Report) by 0.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & 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 SEC filing.

A number of other hedge funds have also modified their holdings of the business. Barclays PLC grew its stake in Peoples Bancorp by 138.9% during the 3rd quarter. Barclays PLC now owns 63,096 shares of the bank's stock valued at $1,898,000 after acquiring an additional 36,684 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Peoples Bancorp in the fourth quarter valued at approximately $394,000. Raymond James Financial Inc. purchased a new position in Peoples Bancorp during the fourth quarter worth approximately $2,122,000. JPMorgan Chase & Co. boosted its stake in Peoples Bancorp by 316.5% during the third quarter. JPMorgan Chase & Co. now owns 61,645 shares of the bank's stock worth $1,855,000 after buying an additional 46,845 shares during the last quarter. Finally, Johnson Investment Counsel Inc. boosted its stake in Peoples Bancorp by 61.7% during the fourth quarter. Johnson Investment Counsel Inc. now owns 27,291 shares of the bank's stock worth $865,000 after buying an additional 10,415 shares during the last quarter. 60.68% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Stephens reduced 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. DA Davidson decreased their target price on shares of Peoples Bancorp from $39.00 to $35.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Finally, Piper Sandler raised their price target on shares of Peoples Bancorp from $39.00 to $40.00 and gave the stock an "overweight" rating in a report on Wednesday, January 22nd.

Peoples Bancorp Trading Down 0.5 %

PEBO traded down $0.14 on Tuesday, hitting $29.20. The company had a trading volume of 6,865 shares, compared to its average volume of 132,463. The company's fifty day moving average price is $29.12 and its 200 day moving average price is $31.58. Peoples Bancorp Inc. has a 1 year low of $26.21 and a 1 year high of $37.07. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.21. The firm has a market cap of $1.04 billion, a P/E ratio of 8.81 and a beta of 0.62.

Peoples Bancorp (NASDAQ:PEBO - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The bank reported $0.69 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.73 by ($0.04). The company had revenue of $113.00 million during the quarter, compared to analysts' expectations 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 posted $0.85 earnings per share. As a group, equities analysts expect that Peoples Bancorp Inc. will post 3.28 earnings per share for the current year.

Peoples Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, May 19th. Stockholders of record on Monday, May 5th will be given a dividend of $0.41 per share. This is a positive change from Peoples Bancorp's previous quarterly dividend of $0.40. This represents a $1.64 annualized dividend and a dividend yield of 5.62%. The ex-dividend date of this dividend is Monday, May 5th. Peoples Bancorp's dividend payout ratio (DPR) is currently 52.06%.

Insider Activity

In related news, Director Carol A. Schneeberger sold 1,000 shares of Peoples Bancorp stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $30.20, for a total value of $30,200.00. Following the completion of the transaction, the director now owns 25,686 shares in the company, valued at approximately $775,717.20. The trade was a 3.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 3.41% of the company's stock.

Peoples Bancorp 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.