Context BH Capital Management LP reduced its position in shares of Peoples Bancorp Inc. (NASDAQ:PEBO) by 26.6% during the fourth quarter, HoldingsChannel reports. The firm owned 27,442 shares of the bank’s stock after selling 9,962 shares during the period. Context BH Capital Management LP’s holdings in Peoples Bancorp were worth $895,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PEBO. State Street Corp lifted its position in shares of Peoples Bancorp by 32.5% during the second quarter. State Street Corp now owns 403,950 shares of the bank’s stock valued at $12,976,000 after purchasing an additional 99,066 shares in the last quarter. BlackRock Inc. lifted its position in shares of Peoples Bancorp by 6.4% during the fourth quarter. BlackRock Inc. now owns 1,291,788 shares of the bank’s stock valued at $42,137,000 after purchasing an additional 77,563 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Peoples Bancorp by 8.5% during the second quarter. Vanguard Group Inc. now owns 739,754 shares of the bank’s stock valued at $23,768,000 after purchasing an additional 58,021 shares in the last quarter. Bowling Portfolio Management LLC lifted its position in shares of Peoples Bancorp by 280.2% during the fourth quarter. Bowling Portfolio Management LLC now owns 56,829 shares of the bank’s stock valued at $1,854,000 after purchasing an additional 41,881 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its position in shares of Peoples Bancorp by 91.0% during the third quarter. Schwab Charles Investment Management Inc. now owns 78,499 shares of the bank’s stock valued at $2,637,000 after purchasing an additional 37,399 shares in the last quarter. 63.51% of the stock is currently owned by institutional investors.
A number of research analysts recently weighed in on PEBO shares. Sandler O’Neill reissued a “hold” rating and set a $37.00 price target on shares of Peoples Bancorp in a research report on Tuesday, January 23rd. Zacks Investment Research downgraded shares of Peoples Bancorp from a “buy” rating to a “hold” rating in a report on Friday, January 5th. BidaskClub downgraded shares of Peoples Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, January 3rd. ValuEngine upgraded shares of Peoples Bancorp from a “hold” rating to a “buy” rating in a report on Saturday, February 3rd. Finally, Boenning Scattergood restated a “hold” rating on shares of Peoples Bancorp in a report on Wednesday, January 24th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $35.25.
Shares of Peoples Bancorp Inc. (PEBO) opened at $35.78 on Wednesday. Peoples Bancorp Inc. has a 1-year low of $29.55 and a 1-year high of $36.40. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.31. The stock has a market cap of $649.39, a PE ratio of 16.77, a P/E/G ratio of 2.00 and a beta of 0.75.
Peoples Bancorp (NASDAQ:PEBO) last posted its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.09. Peoples Bancorp had a net margin of 21.47% and a return on equity of 8.57%. The business had revenue of $42.24 million during the quarter, compared to the consensus estimate of $41.90 million. analysts forecast that Peoples Bancorp Inc. will post 2.22 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 20th. Investors of record on Monday, February 5th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date of this dividend was Friday, February 2nd. This is an increase from Peoples Bancorp’s previous quarterly dividend of $0.22. Peoples Bancorp’s dividend payout ratio (DPR) is 49.52%.
In related news, Director George W. Broughton sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $35.26, for a total transaction of $35,260.00. Following the completion of the sale, the director now owns 160,750 shares in the company, valued at $5,668,045. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.04% of the company’s stock.
Peoples Bancorp 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. Peoples Investment Company has one subsidiary, Peoples Capital Corporation.
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