ProShare Advisors LLC boosted its stake in shares of Peoples Bancorp Inc. (NASDAQ:PEBO – Free Report) by 0.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 305,870 shares of the bank’s stock after acquiring an additional 1,004 shares during the quarter. ProShare Advisors LLC owned approximately 1.07% of Peoples Bancorp worth $7,876,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. State Street Corp boosted its stake in shares of Peoples Bancorp by 15.4% in the 1st quarter. State Street Corp now owns 826,138 shares of the bank’s stock valued at $21,270,000 after purchasing an additional 110,171 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Peoples Bancorp by 4.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,288,855 shares of the bank’s stock valued at $64,660,000 after acquiring an additional 96,174 shares during the last quarter. American Century Companies Inc. grew its holdings in Peoples Bancorp by 105.9% during the 4th quarter. American Century Companies Inc. now owns 167,542 shares of the bank’s stock worth $4,733,000 after acquiring an additional 86,181 shares during the period. BlackRock Inc. raised its position in shares of Peoples Bancorp by 4.1% during the 3rd quarter. BlackRock Inc. now owns 2,061,563 shares of the bank’s stock valued at $59,640,000 after acquiring an additional 81,594 shares during the last quarter. Finally, Susquehanna International Group LLP acquired a new position in shares of Peoples Bancorp in the 1st quarter valued at $1,827,000. 53.80% of the stock is owned by institutional investors.
In other news, CEO Charles W. Sulerzyski bought 4,000 shares of the business’s stock in a transaction that occurred on Friday, September 8th. The stock was acquired at an average cost of $25.31 per share, for a total transaction of $101,240.00. Following the purchase, the chief executive officer now owns 89,829 shares of the company’s stock, valued at approximately $2,273,571.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Dwight Eric Smith bought 1,000 shares of the business’s stock in a transaction dated Friday, August 18th. The stock was bought at an average price of $26.69 per share, for a total transaction of $26,690.00. Following the purchase, the director now owns 2,119 shares in the company, valued at approximately $56,556.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Charles W. Sulerzyski purchased 4,000 shares of the firm’s stock in a transaction that occurred on Friday, September 8th. The stock was bought at an average price of $25.31 per share, for a total transaction of $101,240.00. Following the purchase, the chief executive officer now owns 89,829 shares in the company, valued at approximately $2,273,571.99. The disclosure for this purchase can be found here. Insiders own 2.36% of the company’s stock.
Analyst Upgrades and Downgrades
Peoples Bancorp Stock Down 0.5 %
PEBO stock opened at $25.99 on Monday. The stock has a market capitalization of $919.27 million, a P/E ratio of 7.49 and a beta of 0.81. Peoples Bancorp Inc. has a fifty-two week low of $23.05 and a fifty-two week high of $31.42. The business has a 50-day moving average of $26.81 and a 200-day moving average of $26.58. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.79 and a quick ratio of 0.79.
Peoples Bancorp (NASDAQ:PEBO – Get Free Report) last announced its earnings results on Tuesday, July 25th. The bank reported $0.83 EPS for the quarter, topping the consensus estimate of $0.71 by $0.12. Peoples Bancorp had a net margin of 24.09% and a return on equity of 13.09%. The business had revenue of $106.31 million during the quarter, compared to analysts’ expectations of $101.30 million. On average, sell-side analysts anticipate that Peoples Bancorp Inc. will post 3.9 earnings per share for the current fiscal year.
Peoples Bancorp Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, August 21st. Shareholders of record on Monday, August 7th were paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 6.00%. The ex-dividend date of this dividend was Friday, August 4th. Peoples Bancorp’s dividend payout ratio is currently 44.96%.
Peoples Bancorp 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, certificates of deposit, and governmental deposits; and provides commercial and industrial, commercial real estate, construction, finance, residential real estate, and consumer indirect and direct loans, as well as home equity lines of credit and overdrafts.
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