Deutsche Bank AG Has $786,000 Stock Position in Peoples Bancorp Inc. $PEBO

Deutsche Bank AG lowered its stake in Peoples Bancorp Inc. (NASDAQ:PEBO) by 9.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,494 shares of the bank’s stock after selling 2,785 shares during the period. Deutsche Bank AG owned 0.07% of Peoples Bancorp worth $786,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Segall Bryant & Hamill LLC acquired a new position in shares of Peoples Bancorp during the first quarter worth $4,986,000. Wellington Management Group LLP lifted its holdings in shares of Peoples Bancorp by 28.2% during the fourth quarter. Wellington Management Group LLP now owns 451,788 shares of the bank’s stock worth $14,317,000 after purchasing an additional 99,300 shares during the period. Tudor Investment Corp ET AL acquired a new position in shares of Peoples Bancorp during the fourth quarter worth $2,414,000. Raymond James Financial Inc. acquired a new position in shares of Peoples Bancorp during the fourth quarter worth $2,122,000. Finally, Nuveen Asset Management LLC lifted its holdings in shares of Peoples Bancorp by 55.4% during the fourth quarter. Nuveen Asset Management LLC now owns 184,074 shares of the bank’s stock worth $5,833,000 after purchasing an additional 65,612 shares during the period. Institutional investors and hedge funds own 60.68% of the company’s stock.

Peoples Bancorp Trading Down 1.3%

PEBO opened at $30.53 on Tuesday. Peoples Bancorp Inc. has a 1-year low of $26.21 and a 1-year high of $37.07. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.20. The company has a market cap of $1.09 billion, a P/E ratio of 10.46 and a beta of 0.67. The company has a fifty day moving average price of $30.11 and a two-hundred day moving average price of $29.91.

Peoples Bancorp (NASDAQ:PEBO) last posted its quarterly earnings results on Tuesday, July 22nd. The bank reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.18). Peoples Bancorp had a net margin of 16.88% and a return on equity of 9.46%. The company had revenue of $115.02 million during the quarter, compared to the consensus estimate of $113.20 million. Analysts predict that Peoples Bancorp Inc. will post 3.28 EPS for the current fiscal year.

Peoples Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 18th. Shareholders of record on Monday, August 4th were paid a $0.41 dividend. 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 payout ratio is 56.16%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on PEBO shares. Keefe, Bruyette & Woods lifted their price target on shares of Peoples Bancorp from $32.00 to $33.00 and gave the stock a “market perform” rating in a report on Friday, July 11th. Wall Street Zen lowered shares of Peoples Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, August 2nd. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $35.25.

Insider Buying and Selling at Peoples Bancorp

In other Peoples Bancorp news, Director Carol A. Schneeberger sold 1,000 shares of Peoples Bancorp stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $31.76, for a total value of $31,760.00. Following the completion of 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Dwight Eric Smith purchased 1,060 shares of the firm’s stock in a transaction on Thursday, July 24th. The stock was bought at an average cost of $30.27 per share, with a total value of $32,086.20. Following the completion of the purchase, the director owned 6,999 shares of the company’s stock, valued at approximately $211,859.73. This represents a 17.85% increase in their position. The disclosure for this purchase can be found here. Insiders own 3.41% of the company’s stock.

About Peoples Bancorp

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.