Vanguard Group Inc. Has $23.77 Million Holdings in Peoples Bancorp Inc. (PEBO)
Vanguard Group Inc. boosted its position in shares of Peoples Bancorp Inc. (NASDAQ:PEBO) by 8.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 739,754 shares of the bank’s stock after acquiring an additional 58,021 shares during the period. Vanguard Group Inc. owned about 4.11% of Peoples Bancorp worth $23,768,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Parametric Portfolio Associates LLC grew its holdings in Peoples Bancorp by 1.3% during the 1st quarter. Parametric Portfolio Associates LLC now owns 15,961 shares of the bank’s stock worth $505,000 after acquiring an additional 210 shares in the last quarter. Thrivent Financial For Lutherans grew its holdings in Peoples Bancorp by 2.7% during the 2nd quarter. Thrivent Financial For Lutherans now owns 23,050 shares of the bank’s stock worth $741,000 after acquiring an additional 600 shares in the last quarter. Context BH Capital Management LP grew its holdings in Peoples Bancorp by 1.6% during the 2nd quarter. Context BH Capital Management LP now owns 37,404 shares of the bank’s stock worth $1,202,000 after acquiring an additional 600 shares in the last quarter. American International Group Inc. grew its holdings in Peoples Bancorp by 7.1% during the 1st quarter. American International Group Inc. now owns 9,897 shares of the bank’s stock worth $313,000 after acquiring an additional 659 shares in the last quarter. Finally, California Public Employees Retirement System grew its holdings in Peoples Bancorp by 1.8% during the 1st quarter. California Public Employees Retirement System now owns 56,100 shares of the bank’s stock worth $1,776,000 after acquiring an additional 1,000 shares in the last quarter. Institutional investors own 62.53% of the company’s stock.
Shares of Peoples Bancorp Inc. (NASDAQ:PEBO) opened at $32.06 on Tuesday. The firm has a market cap of $578.41, a P/E ratio of 16.23, a PEG ratio of 1.87 and a beta of 0.73. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.43. Peoples Bancorp Inc. has a 12-month low of $26.88 and a 12-month high of $35.43.
Peoples Bancorp (NASDAQ:PEBO) last issued its quarterly earnings data on Tuesday, October 24th. The bank reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.09. The business had revenue of $41.83 million during the quarter, compared to the consensus estimate of $41.96 million. Peoples Bancorp had a net margin of 21.10% and a return on equity of 7.99%. research analysts expect that Peoples Bancorp Inc. will post 2.11 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 17th. Stockholders of record on Friday, November 3rd will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, November 2nd. This represents a $0.88 annualized dividend and a dividend yield of 2.74%. Peoples Bancorp’s dividend payout ratio is presently 43.56%.
Several research analysts have commented on PEBO shares. BidaskClub cut shares of Peoples Bancorp from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Keefe, Bruyette & Woods reiterated a “neutral” rating on shares of Peoples Bancorp in a report on Tuesday, July 25th. Zacks Investment Research upgraded shares of Peoples Bancorp from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a report on Friday, October 27th. Finally, Boenning Scattergood reiterated a “hold” rating on shares of Peoples Bancorp in a report on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $35.00.
In other news, Director S Craig Beam sold 975 shares of the business’s stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $34.00, for a total transaction of $33,150.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 12,895 shares of company stock valued at $433,159 in the last 90 days. Insiders own 3.04% of the company’s stock.
Peoples Bancorp Company 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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