Acadian Asset Management LLC raised its stake in shares of Peoples Bancorp Inc. (NASDAQ:PEBO) by 275.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,694 shares of the bank’s stock after buying an additional 9,313 shares during the quarter. Acadian Asset Management LLC’s holdings in Peoples Bancorp were worth $393,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in PEBO. Bank of New York Mellon Corp boosted its position in Peoples Bancorp by 1.7% during the third quarter. Bank of New York Mellon Corp now owns 120,534 shares of the bank’s stock worth $4,223,000 after purchasing an additional 2,058 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Peoples Bancorp by 1.5% during the third quarter. Vanguard Group Inc. now owns 813,381 shares of the bank’s stock worth $28,493,000 after buying an additional 11,792 shares in the last quarter. Bank of Montreal Can lifted its holdings in shares of Peoples Bancorp by 11.9% during the fourth quarter. Bank of Montreal Can now owns 37,855 shares of the bank’s stock worth $1,139,000 after buying an additional 4,039 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Peoples Bancorp by 46.4% during the fourth quarter. Rhumbline Advisers now owns 25,583 shares of the bank’s stock worth $770,000 after buying an additional 8,106 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of Peoples Bancorp by 7.1% during the fourth quarter. Victory Capital Management Inc. now owns 48,400 shares of the bank’s stock worth $1,457,000 after buying an additional 3,210 shares in the last quarter. Institutional investors and hedge funds own 57.40% of the company’s stock.
PEBO has been the subject of a number of research reports. Zacks Investment Research raised Peoples Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, April 10th. BidaskClub raised Peoples Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, February 20th. Finally, Boenning Scattergood reissued a “hold” rating on shares of Peoples Bancorp in a report on Wednesday, May 1st. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $38.50.
PEBO opened at $32.18 on Friday. Peoples Bancorp Inc. has a fifty-two week low of $28.35 and a fifty-two week high of $39.58. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.83 and a quick ratio of 0.83. The firm has a market cap of $660.30 million, a PE ratio of 12.19, a PEG ratio of 1.41 and a beta of 0.78.
Peoples Bancorp (NASDAQ:PEBO) last posted its earnings results on Tuesday, April 23rd. The bank reported $0.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.06. Peoples Bancorp had a return on equity of 10.42% and a net margin of 22.59%. The company had revenue of $49.34 million during the quarter, compared to the consensus estimate of $49.09 million. On average, sell-side analysts predict that Peoples Bancorp Inc. will post 2.83 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, May 20th. Stockholders of record on Monday, May 6th were issued a dividend of $0.34 per share. The ex-dividend date was Friday, May 3rd. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.23%. This is an increase from Peoples Bancorp’s previous quarterly dividend of $0.30. Peoples Bancorp’s dividend payout ratio (DPR) is currently 51.52%.
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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.
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