American International Group Inc. raised its position in Peoples Bancorp Inc. (NASDAQ:PEBO) by 7.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,897 shares of the bank’s stock after buying an additional 659 shares during the period. American International Group Inc. owned 0.05% of Peoples Bancorp worth $313,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of PEBO. Russell Investments Group Ltd. acquired a new position in shares of Peoples Bancorp during the fourth quarter worth $408,000. Prudential Financial Inc. raised 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 worth $433,000 after buying an additional 4,520 shares in the last quarter. Ameriprise Financial Inc. acquired a new position in shares of Peoples Bancorp during the first quarter worth $475,000. Parametric Portfolio Associates LLC raised 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 worth $505,000 after buying an additional 210 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its position in shares of Peoples Bancorp by 46.1% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 16,406 shares of the bank’s stock worth $519,000 after buying an additional 5,173 shares in the last quarter. Hedge funds and other institutional investors own 61.01% of the company’s stock.
Peoples Bancorp Inc. (NASDAQ PEBO) opened at 31.01 on Thursday. Peoples Bancorp Inc. has a 52-week low of $22.14 and a 52-week high of $35.43. The company has a market capitalization of $558.68 million, a price-to-earnings ratio of 16.76 and a beta of 0.76. The stock has a 50 day moving average of $32.22 and a 200-day moving average of $32.12.
Peoples Bancorp (NASDAQ:PEBO) last posted its quarterly earnings results on Tuesday, July 25th. The bank reported $0.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.07. Peoples Bancorp had a return on equity of 7.63% and a net margin of 19.67%. The business had revenue of $41.68 million during the quarter, compared to the consensus estimate of $40.81 million. On average, equities research analysts anticipate that Peoples Bancorp Inc. will post $2.03 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 18th. Shareholders of record on Friday, August 4th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.84%. This is an increase from Peoples Bancorp’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Wednesday, August 2nd. Peoples Bancorp’s dividend payout ratio is presently 47.57%.
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A number of equities analysts have weighed in on the stock. Keefe, Bruyette & Woods reiterated a “neutral” rating on shares of Peoples Bancorp in a research report on Tuesday, July 25th. ValuEngine upgraded shares of Peoples Bancorp from a “hold” rating to a “buy” rating in a research 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 price objective for the company in a research report on Friday, July 28th. BidaskClub lowered shares of Peoples Bancorp from a “hold” rating to a “sell” rating in a research report on Sunday, July 16th. Finally, Boenning Scattergood restated a “hold” rating on shares of Peoples Bancorp in a research report on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $34.33.
In other Peoples Bancorp news, Director Terry Thomas Sweet purchased 1,000 shares of the company’s stock in a transaction on Tuesday, June 6th. The stock was acquired at an average cost of $31.18 per share, for a total transaction of $31,180.00. Following the purchase, the director now directly owns 2,427 shares of the company’s stock, valued at approximately $75,673.86. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 3.04% of the company’s stock.
Peoples Bancorp Company Profile
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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