Peoples Bancorp Inc. (PEBO) Shares Sold by Citadel Advisors LLC
Citadel Advisors LLC lessened its holdings in shares of Peoples Bancorp Inc. (NASDAQ:PEBO) by 15.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 14,843 shares of the bank’s stock after selling 2,610 shares during the period. Citadel Advisors LLC owned approximately 0.08% of Peoples Bancorp worth $499,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Foundry Partners LLC lifted its position in shares of Peoples Bancorp by 5.6% during the 3rd quarter. Foundry Partners LLC now owns 227,360 shares of the bank’s stock worth $7,637,000 after purchasing an additional 11,975 shares during the last quarter. State Street Corp lifted its position in shares of Peoples Bancorp by 32.5% during the 2nd quarter. State Street Corp now owns 403,950 shares of the bank’s stock worth $12,976,000 after purchasing an additional 99,066 shares during the last quarter. Goldman Sachs Group Inc. acquired a new position in shares of Peoples Bancorp during the 1st quarter worth about $217,000. Schwab Charles Investment Management Inc. lifted its position in shares of Peoples Bancorp by 46.8% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 41,100 shares of the bank’s stock worth $1,302,000 after purchasing an additional 13,100 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Peoples Bancorp by 8.5% during the 2nd quarter. Vanguard Group Inc. now owns 739,754 shares of the bank’s stock worth $23,768,000 after purchasing an additional 58,021 shares during the last quarter. 63.50% of the stock is owned by institutional investors and hedge funds.
In other Peoples Bancorp news, Director S Craig Beam sold 975 shares of the company’s stock in a transaction that occurred on Tuesday, October 3rd. The stock was sold at an average price of $34.00, for a total value of $33,150.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last ninety days, insiders sold 12,895 shares of company stock valued at $433,159. Insiders own 3.04% of the company’s stock.
Several research firms recently weighed in on PEBO. Keefe, Bruyette & Woods reissued a “hold” rating and set a $34.00 price objective on shares of Peoples Bancorp in a research report on Tuesday, October 3rd. Zacks Investment Research cut Peoples Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 27th. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of Peoples Bancorp in a report on Wednesday, October 25th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. Peoples Bancorp presently has a consensus rating of “Hold” and an average price target of $35.00.
Peoples Bancorp Inc. (NASDAQ PEBO) opened at $32.87 on Tuesday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $602.36, a P/E ratio of 16.90, a price-to-earnings-growth ratio of 1.95 and a beta of 0.72. Peoples Bancorp Inc. has a twelve month low of $29.55 and a twelve month high of $35.43.
Peoples Bancorp (NASDAQ:PEBO) last posted its quarterly earnings results on Tuesday, October 24th. The bank reported $0.60 EPS for the quarter, beating the consensus estimate of $0.51 by $0.09. The firm had revenue of $41.83 million during the quarter, compared to analysts’ expectations of $41.96 million. Peoples Bancorp had a return on equity of 7.99% and a net margin of 21.10%. equities research analysts expect that Peoples Bancorp Inc. will post 2.11 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, November 17th. Shareholders of record on Friday, November 3rd were issued a $0.22 dividend. The ex-dividend date of this dividend was Thursday, November 2nd. This represents a $0.88 annualized dividend and a yield of 2.68%. Peoples Bancorp’s dividend payout ratio (DPR) is 43.56%.
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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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