Peoples Bancorp Inc. (NASDAQ:PEBO) Stake Lowered by UBS Group AG
UBS Group AG decreased its position in Peoples Bancorp Inc. (NASDAQ:PEBO) by 39.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,431 shares of the bank’s stock after selling 2,233 shares during the period. UBS Group AG’s holdings in Peoples Bancorp were worth $108,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Parametric Portfolio Associates LLC raised its position in 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 during the last quarter. American International Group Inc. raised its position in Peoples Bancorp by 7.1% in the first quarter. American International Group Inc. now owns 9,897 shares of the bank’s stock worth $313,000 after buying an additional 659 shares during the last quarter. Russell Investments Group Ltd. raised its position in Peoples Bancorp by 6.6% in the first quarter. Russell Investments Group Ltd. now owns 13,378 shares of the bank’s stock worth $423,000 after buying an additional 834 shares during the last quarter. California Public Employees Retirement System raised its position in Peoples Bancorp by 1.8% in the first quarter. California Public Employees Retirement System now owns 56,100 shares of the bank’s stock worth $1,776,000 after buying an additional 1,000 shares during the last quarter. Finally, Teachers Advisors LLC raised its position in Peoples Bancorp by 5.0% in the first quarter. Teachers Advisors LLC now owns 55,081 shares of the bank’s stock worth $1,744,000 after buying an additional 2,630 shares during the last quarter. 60.94% of the stock is currently owned by institutional investors and hedge funds.
Shares of Peoples Bancorp Inc. (NASDAQ PEBO) traded up 1.20% on Monday, reaching $30.43. The company’s stock had a trading volume of 6,141 shares. Peoples Bancorp Inc. has a 52-week low of $22.66 and a 52-week high of $35.43. The stock has a market cap of $548.23 million, a P/E ratio of 16.45 and a beta of 0.76. The firm’s 50 day moving average is $32.03 and its 200-day moving average is $32.12.
Peoples Bancorp (NASDAQ:PEBO) last announced its quarterly earnings results on Tuesday, July 25th. The bank reported $0.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.07. The company had revenue of $41.68 million during the quarter, compared to analysts’ expectations of $40.81 million. Peoples Bancorp had a return on equity of 7.63% and a net margin of 19.67%. On average, equities research analysts forecast that Peoples Bancorp Inc. will post $2.03 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, August 18th. Stockholders of record on Friday, August 4th will be given a $0.22 dividend. The ex-dividend date of this dividend is Wednesday, August 2nd. This is a boost from Peoples Bancorp’s previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a dividend yield of 2.93%. Peoples Bancorp’s payout ratio is 47.57%.
A number of research firms recently weighed in on PEBO. Zacks Investment Research raised 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. Boenning Scattergood reissued a “hold” rating on shares of Peoples Bancorp in a report on Wednesday, July 26th. Keefe, Bruyette & Woods reissued a “neutral” rating on shares of Peoples Bancorp in a report on Tuesday, July 25th. BidaskClub lowered Peoples Bancorp from a “hold” rating to a “sell” rating in a report on Sunday, July 16th. Finally, ValuEngine raised Peoples Bancorp from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. Peoples Bancorp currently has a consensus rating of “Hold” and a consensus price target of $34.33.
In related news, Director Terry Thomas Sweet purchased 1,000 shares of Peoples Bancorp stock in a transaction dated Tuesday, June 6th. The stock was bought at an average cost of $31.18 per share, for a total transaction of $31,180.00. Following the completion of the transaction, the director now owns 2,427 shares in the company, valued at $75,673.86. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.04% of the stock is currently owned by insiders.
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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