Raymond James Financial Inc. Takes Position in Peoples Bancorp Inc. (NASDAQ:PEBO)

Raymond James Financial Inc. purchased a new position in Peoples Bancorp Inc. (NASDAQ:PEBO - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 66,958 shares of the bank's stock, valued at approximately $2,122,000. Raymond James Financial Inc. owned 0.19% of Peoples Bancorp as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. US Bancorp DE boosted its position in Peoples Bancorp by 172.8% during the fourth quarter. US Bancorp DE now owns 1,094 shares of the bank's stock valued at $35,000 after acquiring an additional 693 shares during the last quarter. Spire Wealth Management bought a new stake in shares of Peoples Bancorp during the 4th quarter valued at about $43,000. KLP Kapitalforvaltning AS acquired a new stake in Peoples Bancorp during the fourth quarter worth approximately $241,000. Virtu Financial LLC bought a new stake in Peoples Bancorp in the fourth quarter worth approximately $243,000. Finally, EntryPoint Capital LLC bought a new stake in Peoples Bancorp in the fourth quarter worth approximately $255,000. 60.68% of the stock is owned by institutional investors.

Insider Activity at Peoples Bancorp

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

Analysts Set New Price Targets

Several brokerages have recently commented on PEBO. Stephens reduced their price objective on shares of Peoples Bancorp from $37.50 to $33.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 23rd. Piper Sandler lifted their price target on shares of Peoples Bancorp from $39.00 to $40.00 and gave the company an "overweight" rating in a research note on Wednesday, January 22nd. Finally, DA Davidson dropped their price objective 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.

Peoples Bancorp Stock Down 0.5 %

NASDAQ PEBO traded down $0.15 during mid-day trading on Tuesday, hitting $29.18. The company's stock had a trading volume of 97,200 shares, compared to its average volume of 133,048. 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 company's 50 day simple moving average is $29.07 and its 200 day simple moving average is $31.57. Peoples Bancorp Inc. has a twelve month low of $26.21 and a twelve month high of $37.07. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 8.82 and a beta of 0.62.

Peoples Bancorp (NASDAQ:PEBO - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The bank reported $0.69 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.04). Peoples Bancorp had a return on equity of 11.07% and a net margin of 18.90%. The business had revenue of $113.00 million for the quarter, compared to the consensus estimate of $112.76 million. During the same period in the previous year, the firm earned $0.85 earnings per share. Analysts anticipate that Peoples Bancorp Inc. will post 3.28 earnings per share for the current year.

Peoples Bancorp Increases Dividend

The business also recently announced 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. This represents a $1.64 dividend on an annualized basis and a dividend yield of 5.62%. The ex-dividend date is Monday, May 5th. This is a positive change from Peoples Bancorp's previous quarterly dividend of $0.40. Peoples Bancorp's dividend payout ratio (DPR) is currently 52.06%.

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.