Peoples Bancorp Inc. (PEBO) Stake Lessened by Martingale Asset Management L P

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Martingale Asset Management L P lessened its stake in Peoples Bancorp Inc. (NASDAQ:PEBO) by 1.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 104,346 shares of the bank’s stock after selling 1,421 shares during the quarter. Martingale Asset Management L P owned 0.53% of Peoples Bancorp worth $3,656,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. US Bancorp DE raised its position in Peoples Bancorp by 5,073.7% in the 2nd quarter. US Bancorp DE now owns 8,847 shares of the bank’s stock worth $335,000 after buying an additional 8,676 shares during the last quarter. Bank of Montreal Can raised its position in Peoples Bancorp by 26.5% in the 3rd quarter. Bank of Montreal Can now owns 33,816 shares of the bank’s stock worth $1,184,000 after buying an additional 7,077 shares during the last quarter. Peoples Bank OH raised its position in Peoples Bancorp by 4.7% in the 3rd quarter. Peoples Bank OH now owns 1,159,026 shares of the bank’s stock worth $40,601,000 after buying an additional 51,516 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in Peoples Bancorp by 20.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 98,307 shares of the bank’s stock worth $3,715,000 after buying an additional 16,527 shares during the last quarter. Finally, BlackRock Inc. raised its position in Peoples Bancorp by 8.1% in the 2nd quarter. BlackRock Inc. now owns 1,411,624 shares of the bank’s stock worth $53,334,000 after buying an additional 106,316 shares during the last quarter. 61.48% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have issued reports on the company. BidaskClub upgraded Peoples Bancorp from a “hold” rating to a “buy” rating in a research note on Wednesday, October 31st. Zacks Investment Research upgraded Peoples Bancorp from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a research note on Friday, October 26th. Boenning Scattergood restated a “hold” rating on shares of Peoples Bancorp in a research note on Tuesday, October 23rd. Finally, ValuEngine upgraded Peoples Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, October 9th. Six analysts have rated the stock with a hold rating, Peoples Bancorp presently has an average rating of “Hold” and a consensus price target of $38.00.

Peoples Bancorp stock opened at $31.22 on Friday. The stock has a market cap of $614.59 million, a price-to-earnings ratio of 13.69, a PEG ratio of 1.36 and a beta of 0.77. Peoples Bancorp Inc. has a 52-week low of $28.35 and a 52-week high of $39.58. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.22.

Peoples Bancorp (NASDAQ:PEBO) last released its quarterly earnings results on Tuesday, October 23rd. The bank reported $0.69 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.03. The business had revenue of $47.68 million during the quarter, compared to the consensus estimate of $47.46 million. Peoples Bancorp had a return on equity of 9.64% and a net margin of 20.72%. On average, sell-side analysts expect that Peoples Bancorp Inc. will post 2.63 earnings per share for the current fiscal year.

In related news, Director George W. Broughton sold 4,366 shares of the business’s stock in a transaction that occurred on Friday, November 2nd. The stock was sold at an average price of $34.07, for a total transaction of $148,749.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.03% of the company’s stock.

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Peoples Bancorp Company Profile

Peoples Bancorp Inc operates as the holding company for Peoples Bank that provides commercial and retail banking products and services. The company accepts various deposit products, including demand deposit accounts, savings accounts, money market accounts, and certificates of deposit; and provides commercial real estate construction loans, other commercial real estate loans, commercial and industrial loans, residential real estate loans, home equity lines of credit, and indirect and other consumer loans.

Further Reading: How a Back-End Load Mutual Fund Works

Institutional Ownership by Quarter for Peoples Bancorp (NASDAQ:PEBO)

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