Peoples Bancorp Inc. (NASDAQ:PEBO) Shares Sold by Rhumbline Advisers

Rhumbline Advisers trimmed its holdings in shares of Peoples Bancorp Inc. (NASDAQ:PEBO) by 3.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 61,461 shares of the bank’s stock after selling 2,416 shares during the period. Rhumbline Advisers owned 0.17% of Peoples Bancorp worth $1,823,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. US Bancorp DE grew its position in Peoples Bancorp by 172.8% during the 4th quarter. US Bancorp DE now owns 1,094 shares of the bank’s stock worth $35,000 after purchasing an additional 693 shares during the last quarter. Sterling Capital Management LLC grew its holdings in shares of Peoples Bancorp by 815.7% in the 4th quarter. Sterling Capital Management LLC now owns 1,108 shares of the bank’s stock worth $35,000 after acquiring an additional 987 shares during the period. GAMMA Investing LLC grew its holdings in Peoples Bancorp by 1,426.3% in the first quarter. GAMMA Investing LLC now owns 2,610 shares of the bank’s stock valued at $77,000 after purchasing an additional 2,439 shares during the last quarter. Balyasny Asset Management L.P. purchased a new position in Peoples Bancorp during the 4th quarter valued at about $215,000. Finally, Moody National Bank Trust Division purchased a new position in shares of Peoples Bancorp during the 1st quarter worth approximately $229,000. 60.68% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently commented on PEBO. DA Davidson lowered their price target on shares of Peoples Bancorp from $39.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, April 23rd. Wall Street Zen upgraded Peoples Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, May 24th. Finally, Stephens cut their target price on shares of Peoples Bancorp from $37.50 to $33.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 23rd. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Peoples Bancorp has an average rating of “Hold” and a consensus target price of $36.00.

Peoples Bancorp Trading Down 0.6%

PEBO opened at $28.88 on Wednesday. The stock has a market capitalization of $1.03 billion, a PE ratio of 9.17 and a beta of 0.64. The firm’s fifty day moving average price is $29.20 and its 200 day moving average price is $30.79. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.83 and a quick ratio of 0.83. Peoples Bancorp Inc. has a 12-month low of $26.21 and a 12-month high of $37.07.

Peoples Bancorp (NASDAQ:PEBO) last posted its quarterly earnings results on Tuesday, April 22nd. The bank reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.04). Peoples Bancorp had a net margin of 18.10% and a return on equity of 10.36%. The firm had revenue of $113.00 million for the quarter, compared to analyst estimates of $112.76 million. During the same period in the prior year, the company posted $0.85 earnings per share. As a group, research analysts expect that Peoples Bancorp Inc. will post 3.28 EPS for the current fiscal year.

Peoples Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, May 19th. Investors of record on Monday, May 5th were issued a $0.41 dividend. This is an increase from Peoples Bancorp’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Monday, May 5th. This represents a $1.64 annualized dividend and a dividend yield of 5.68%. Peoples Bancorp’s dividend payout ratio (DPR) is 52.06%.

Peoples Bancorp Company Profile

Peoples Bancorp Inc operates as the holding company for Peoples Bank that provides commercial and consumer 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.