Peoples Bancorp Inc. (PEBO) Holdings Boosted by Ajo LP
Ajo LP boosted its holdings in Peoples Bancorp Inc. (NASDAQ:PEBO) by 657.9% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 75,286 shares of the bank’s stock after buying an additional 65,353 shares during the quarter. Ajo LP owned 0.42% of Peoples Bancorp worth $2,419,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of PEBO. Park National Corp OH purchased a new position in Peoples Bancorp in the 2nd quarter worth about $203,000. Goldman Sachs Group Inc. purchased a new position in Peoples Bancorp in the 1st quarter worth about $217,000. Highbridge Capital Management LLC purchased a new position in Peoples Bancorp in the 1st quarter worth about $232,000. AXA purchased a new position in Peoples Bancorp in the 1st quarter worth about $253,000. Finally, American International Group Inc. raised its position in Peoples Bancorp by 7.1% in the 1st quarter. American International Group Inc. now owns 9,897 shares of the bank’s stock worth $313,000 after buying an additional 659 shares during the last quarter. 62.56% of the stock is owned by institutional investors and hedge funds.
Peoples Bancorp Inc. (PEBO) opened at 32.02 on Tuesday. The company’s 50 day moving average price is $31.12 and its 200-day moving average price is $31.88. The company has a market capitalization of $576.87 million, a P/E ratio of 17.31 and a beta of 0.77. Peoples Bancorp Inc. has a 52 week low of $24.02 and a 52 week high of $35.43.
Peoples Bancorp (NASDAQ:PEBO) last announced its quarterly earnings results on Tuesday, July 25th. The bank reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.07. The company had revenue of $41.68 million during the quarter, compared to analysts’ expectations of $40.81 million. Peoples Bancorp had a return on equity of 7.63% and a net margin of 19.67%. Equities research analysts expect that Peoples Bancorp Inc. will post $2.03 earnings per share for the current year.
Several equities research analysts have recently commented on PEBO shares. BidaskClub lowered shares of Peoples Bancorp from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Zacks Investment Research lowered shares of Peoples Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, June 28th. Boenning Scattergood reaffirmed a “hold” rating on shares of Peoples Bancorp in a research report on Wednesday, July 26th. ValuEngine raised shares of Peoples Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, Keefe, Bruyette & Woods reaffirmed a “neutral” rating on shares of Peoples Bancorp in a research report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $34.33.
Peoples Bancorp Profile
Peoples Bancorp Inc is a financial holding company. The Company operates principally through its subsidiary, Peoples Bank. Peoples Bank’s operating subsidiaries include Peoples Insurance Agency, LLC (Peoples Insurance) and two asset management companies, PBNA, LLC. and Peoples Tax Credit Equity, LLC.
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