Barclays PLC raised its stake in shares of Peoples Bancorp Inc. (NASDAQ:PEBO – Free Report) by 44.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,317 shares of the bank’s stock after purchasing an additional 10,903 shares during the quarter. Barclays PLC owned about 0.12% of Peoples Bancorp worth $937,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of the stock. Allspring Global Investments Holdings LLC boosted its holdings in shares of Peoples Bancorp by 135.8% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,415 shares of the bank’s stock valued at $38,000 after acquiring an additional 815 shares during the last quarter. FMR LLC boosted its holdings in shares of Peoples Bancorp by 74.1% in the 1st quarter. FMR LLC now owns 1,504 shares of the bank’s stock valued at $39,000 after acquiring an additional 640 shares during the last quarter. Quantbot Technologies LP boosted its holdings in shares of Peoples Bancorp by 60.0% in the 1st quarter. Quantbot Technologies LP now owns 1,600 shares of the bank’s stock valued at $50,000 after acquiring an additional 600 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in shares of Peoples Bancorp in the 4th quarter valued at $45,000. Finally, MCF Advisors LLC purchased a new stake in shares of Peoples Bancorp in the 2nd quarter valued at $48,000. Institutional investors and hedge funds own 53.80% of the company’s stock.
Analyst Upgrades and Downgrades
Separately, StockNews.com initiated coverage on shares of Peoples Bancorp in a report on Thursday, October 5th. They issued a “hold” rating on the stock.
Peoples Bancorp Stock Performance
Shares of NASDAQ PEBO opened at $29.77 on Tuesday. The company’s fifty day moving average price is $26.73 and its 200 day moving average price is $26.70. Peoples Bancorp Inc. has a 1 year low of $23.05 and a 1 year high of $31.36. The company has a market capitalization of $1.05 billion, a PE ratio of 8.63 and a beta of 0.79. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.81 and a current ratio of 0.81.
Peoples Bancorp (NASDAQ:PEBO – Get Free Report) last announced its quarterly earnings results on Tuesday, October 24th. The bank reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.16. The firm had revenue of $116.91 million for the quarter, compared to the consensus estimate of $110.95 million. Peoples Bancorp had a net margin of 22.51% and a return on equity of 13.48%. On average, research analysts predict that Peoples Bancorp Inc. will post 3.98 earnings per share for the current year.
Peoples Bancorp Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, November 20th. Shareholders of record on Monday, November 6th were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 5.24%. The ex-dividend date of this dividend was Friday, November 3rd. Peoples Bancorp’s dividend payout ratio is presently 45.22%.
Insiders Place Their Bets
In other news, EVP Mark Augenstein sold 995 shares of the stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $29.86, for a total value of $29,710.70. Following the completion of the sale, the executive vice president now directly owns 15,577 shares in the company, valued at $465,129.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, EVP Mark Augenstein sold 995 shares of the stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $29.86, for a total value of $29,710.70. Following the completion of the sale, the executive vice president now directly owns 15,577 shares in the company, valued at $465,129.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Charles W. Sulerzyski bought 4,000 shares of Peoples Bancorp stock in a transaction dated Friday, September 8th. The stock was acquired at an average price of $25.31 per share, with a total value of $101,240.00. Following the completion of the transaction, the chief executive officer now directly owns 89,829 shares of the company’s stock, valued at $2,273,571.99. The disclosure for this purchase can be found here. 2.36% of the stock is currently owned by company insiders.
About Peoples Bancorp
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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