Charles Schwab Investment Management Inc. Sells 11,671 Shares of Peoples Bancorp Inc. $PEBO

Charles Schwab Investment Management Inc. cut its position in shares of Peoples Bancorp Inc. (NASDAQ:PEBO) by 4.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 280,986 shares of the bank’s stock after selling 11,671 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.79% of Peoples Bancorp worth $8,334,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. D.A. Davidson & CO. grew its holdings in shares of Peoples Bancorp by 1.6% during the first quarter. D.A. Davidson & CO. now owns 24,400 shares of the bank’s stock worth $724,000 after buying an additional 391 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Peoples Bancorp by 3.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,682 shares of the bank’s stock valued at $624,000 after purchasing an additional 703 shares in the last quarter. Principal Financial Group Inc. grew its stake in Peoples Bancorp by 3.8% in the first quarter. Principal Financial Group Inc. now owns 19,137 shares of the bank’s stock valued at $568,000 after purchasing an additional 707 shares in the last quarter. Alps Advisors Inc. grew its stake in Peoples Bancorp by 6.7% in the first quarter. Alps Advisors Inc. now owns 12,057 shares of the bank’s stock valued at $358,000 after purchasing an additional 757 shares in the last quarter. Finally, Cetera Investment Advisers grew its stake in Peoples Bancorp by 3.6% in the fourth quarter. Cetera Investment Advisers now owns 22,488 shares of the bank’s stock valued at $713,000 after purchasing an additional 782 shares in the last quarter. 60.68% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

PEBO has been the subject of a number of analyst reports. Wall Street Zen downgraded Peoples Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, August 2nd. Keefe, Bruyette & Woods raised their price target on Peoples Bancorp from $32.00 to $33.00 and gave the company a “market perform” rating in a research note on Friday, July 11th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Peoples Bancorp currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.25.

Peoples Bancorp Stock Performance

PEBO opened at $30.53 on Tuesday. Peoples Bancorp Inc. has a 12-month low of $26.21 and a 12-month high of $37.07. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 10.46 and a beta of 0.67. The business has a 50 day moving average of $30.11 and a 200-day moving average of $29.91. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.20.

Peoples Bancorp (NASDAQ:PEBO) last released its quarterly earnings data on Tuesday, July 22nd. The bank reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.18). The business had revenue of $115.02 million during the quarter, compared to analyst estimates of $113.20 million. Peoples Bancorp had a net margin of 16.88% and a return on equity of 9.46%. On average, equities research analysts expect that Peoples Bancorp Inc. will post 3.28 earnings per share for the current year.

Peoples Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Monday, August 4th were issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 5.4%. The ex-dividend date of this dividend was Monday, August 4th. Peoples Bancorp’s dividend payout ratio (DPR) is presently 56.16%.

Insider Activity at Peoples Bancorp

In other news, Director Dwight Eric Smith purchased 1,060 shares of the company’s stock in a transaction that occurred on Thursday, July 24th. The stock was acquired at an average cost of $30.27 per share, with a total value of $32,086.20. Following the acquisition, the director owned 6,999 shares in the company, valued at approximately $211,859.73. This trade represents a 17.85% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Carol A. Schneeberger sold 1,000 shares of Peoples Bancorp stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $31.76, for a total value of $31,760.00. Following the sale, the director directly owned 25,330 shares of the company’s stock, valued at approximately $804,480.80. The trade was a 3.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.41% of the company’s stock.

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.