Bank of New York Mellon Corp boosted its stake in shares of Peoples Bancorp Inc. (NASDAQ:PEBO) by 2.0% during the second quarter, Holdings Channel reports. The institutional investor owned 109,429 shares of the company’s stock after buying an additional 2,154 shares during the period. Bank of New York Mellon Corp owned 0.61% of Peoples Bancorp worth $2,384,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of the stock. Deprince Race & Zollo Inc. purchased a new stake in shares of Peoples Bancorp during the second quarter valued at approximately $4,087,000. American Century Companies Inc. purchased a new stake in shares of Peoples Bancorp during the second quarter valued at approximately $280,000. Strs Ohio purchased a new stake in shares of Peoples Bancorp during the second quarter valued at approximately $226,000. Renaissance Technologies LLC increased its stake in shares of Peoples Bancorp by 40.6% in the first quarter. Renaissance Technologies LLC now owns 142,300 shares of the company’s stock valued at $2,781,000 after buying an additional 41,100 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Peoples Bancorp by 9.4% in the first quarter. Geode Capital Management LLC now owns 128,706 shares of the company’s stock valued at $2,514,000 after buying an additional 11,111 shares in the last quarter. Institutional investors own 60.64% of the company’s stock.
Peoples Bancorp Inc. (NASDAQ:PEBO) traded down 1.60% during trading on Tuesday, reaching $24.05. The company’s stock had a trading volume of 16,618 shares. The company has a 50-day moving average of $24.00 and a 200 day moving average of $21.91. The firm has a market cap of $431.38 million, a PE ratio of 19.33 and a beta of 0.88. Peoples Bancorp Inc. has a one year low of $16.34 and a one year high of $24.98.
Peoples Bancorp (NASDAQ:PEBO) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.41 by $0.03. Peoples Bancorp had a net margin of 13.88% and a return on equity of 5.30%. Analysts expect that Peoples Bancorp Inc. will post $1.73 EPS for the current fiscal year.
Several brokerages have recently commented on PEBO. Zacks Investment Research upgraded Peoples Bancorp from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research note on Thursday, July 28th. Keefe, Bruyette & Woods lifted their price target on Peoples Bancorp from $22.50 to $24.50 and gave the company a “market perform” rating in a research note on Wednesday, July 27th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $23.70.
Peoples Bancorp Company Profile
Peoples Bancorp Inc is a financial holding company. The Company is engaged in banking, investment, insurance and trust solutions. The Company operates principally through its subsidiary, Peoples Bank, National Association (Peoples Bank). The Company’s products and services include demand deposit accounts, savings accounts, money market accounts and certificates of deposit.
Want to see what other hedge funds are holding PEBO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Peoples Bancorp Inc. (NASDAQ:PEBO).
Receive News & Ratings for Peoples Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Peoples Bancorp Inc. and related companies with MarketBeat.com's FREE daily email newsletter.