Uncommon Cents Investing LLC Has $1.26 Million Holdings in Peoples Bancorp Inc. (NASDAQ:PEBO)

Uncommon Cents Investing LLC decreased its position in Peoples Bancorp Inc. (NASDAQ:PEBO) by 1.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,420 shares of the bank’s stock after selling 450 shares during the quarter. Uncommon Cents Investing LLC owned approximately 0.11% of Peoples Bancorp worth $1,263,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in Peoples Bancorp by 18.3% in the 2nd quarter. BlackRock Inc. now owns 2,691,943 shares of the bank’s stock worth $71,471,000 after purchasing an additional 416,748 shares during the period. Dimensional Fund Advisors LP increased its holdings in Peoples Bancorp by 1.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,334,067 shares of the bank’s stock valued at $61,970,000 after purchasing an additional 23,970 shares during the period. Vanguard Group Inc. raised its holdings in shares of Peoples Bancorp by 0.7% during the third quarter. Vanguard Group Inc. now owns 1,733,426 shares of the bank’s stock valued at $43,994,000 after acquiring an additional 12,449 shares in the last quarter. Franklin Resources Inc. raised its holdings in Peoples Bancorp by 1.3% in the 2nd quarter. Franklin Resources Inc. now owns 1,626,190 shares of the bank’s stock worth $43,175,000 after purchasing an additional 21,490 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in Peoples Bancorp by 56.9% in the second quarter. Alliancebernstein L.P. now owns 1,031,164 shares of the bank’s stock worth $27,377,000 after buying an additional 374,144 shares during the period. 60.68% of the stock is owned by institutional investors.

Peoples Bancorp Stock Up 1.6 %

PEBO opened at $29.61 on Friday. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 8.56 and a beta of 0.76. The firm has a 50 day moving average price of $28.74 and a 200-day moving average price of $28.93. Peoples Bancorp Inc. has a twelve month low of $23.05 and a twelve month high of $34.85. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.21.

Peoples Bancorp (NASDAQ:PEBO) last posted its earnings results on Tuesday, January 23rd. The bank reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.10. The business had revenue of $112.92 million during the quarter, compared to the consensus estimate of $115.00 million. Peoples Bancorp had a net margin of 21.52% and a return on equity of 13.47%. Equities research analysts forecast that Peoples Bancorp Inc. will post 3.39 earnings per share for the current year.

Peoples Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 20th. Shareholders of record on Monday, February 5th were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 5.27%. The ex-dividend date was Friday, February 2nd. Peoples Bancorp’s dividend payout ratio is 45.09%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on PEBO. StockNews.com raised Peoples Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, March 13th. Piper Sandler initiated coverage on Peoples Bancorp in a report on Friday, February 23rd. They set an “overweight” rating and a $34.00 price target for the company.

Insiders Place Their Bets

In other news, Director Carol A. Schneeberger sold 1,000 shares of the stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $32.27, for a total value of $32,270.00. Following the transaction, the director now owns 31,213 shares in the company, valued at approximately $1,007,243.51. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.46% of the company’s stock.

Peoples Bancorp Company 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.