Alliancebernstein L.P. lowered its stake in Peoples Bancorp Inc. (NASDAQ:PEBO) by 7.0% during the first quarter, according to its most recent filing with the SEC. The firm owned 14,720 shares of the bank’s stock after selling 1,100 shares during the period. Alliancebernstein L.P.’s holdings in Peoples Bancorp were worth $466,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also modified their holdings of the company. American International Group Inc. boosted its position in shares of Peoples Bancorp by 7.1% in the first quarter. American International Group Inc. now owns 9,897 shares of the bank’s stock valued at $313,000 after buying an additional 659 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in shares of Peoples Bancorp during the fourth quarter valued at about $408,000. Prudential Financial Inc. boosted its position in shares of Peoples Bancorp by 49.2% in the first quarter. Prudential Financial Inc. now owns 13,704 shares of the bank’s stock valued at $433,000 after buying an additional 4,520 shares during the last quarter. Ameriprise Financial Inc. acquired a new position in shares of Peoples Bancorp during the first quarter valued at about $475,000. Finally, Parametric Portfolio Associates LLC boosted its position in shares of Peoples Bancorp by 1.3% in the first quarter. Parametric Portfolio Associates LLC now owns 15,961 shares of the bank’s stock valued at $505,000 after buying an additional 210 shares during the last quarter. Institutional investors own 61.01% of the company’s stock.
Peoples Bancorp Inc. (NASDAQ PEBO) opened at 31.01 on Thursday. The firm’s 50-day moving average is $32.11 and its 200 day moving average is $32.14. The company has a market capitalization of $558.68 million, a PE ratio of 16.76 and a beta of 0.76. Peoples Bancorp Inc. has a one year low of $22.66 and a one year high of $35.43.
Peoples Bancorp (NASDAQ:PEBO) last released its 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 the consensus estimate of $40.81 million. Peoples Bancorp had a return on equity of 7.63% and a net margin of 19.67%. On average, equities analysts expect that Peoples Bancorp Inc. will post $2.03 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, August 18th. Shareholders of record on Friday, August 4th will be given a $0.22 dividend. This is an increase from Peoples Bancorp’s previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a yield of 2.84%. The ex-dividend date of this dividend is Wednesday, August 2nd. Peoples Bancorp’s payout ratio is currently 47.57%.
Several brokerages have issued reports on PEBO. Keefe, Bruyette & Woods reiterated a “neutral” rating on shares of Peoples Bancorp in a report on Tuesday, July 25th. ValuEngine upgraded shares of Peoples Bancorp from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Zacks Investment Research upgraded shares of Peoples Bancorp from a “hold” rating to a “strong-buy” rating and set a $38.00 target price on the stock in a report on Friday, July 28th. BidaskClub cut shares of Peoples Bancorp from a “hold” rating to a “sell” rating in a report on Sunday, July 16th. Finally, Boenning Scattergood reiterated a “hold” rating on shares of Peoples Bancorp in a report on Wednesday, July 26th. 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 has an average rating of “Hold” and a consensus price target of $34.33.
In other news, Director Terry Thomas Sweet bought 1,000 shares of the company’s stock in a transaction on Tuesday, June 6th. The stock was bought at an average cost of $31.18 per share, with a total value of $31,180.00. Following the transaction, the director now directly owns 2,427 shares in the company, valued at approximately $75,673.86. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 3.04% of the company’s stock.
About Peoples Bancorp
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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