Peoples Bancorp Inc. $PEBO Shares Sold by Invesco Ltd.

Invesco Ltd. cut its holdings in Peoples Bancorp Inc. (NASDAQ:PEBO) by 8.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 77,092 shares of the bank’s stock after selling 7,540 shares during the period. Invesco Ltd. owned about 0.22% of Peoples Bancorp worth $2,287,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brown Advisory Inc. boosted its stake in Peoples Bancorp by 0.7% during the 4th quarter. Brown Advisory Inc. now owns 802,524 shares of the bank’s stock valued at $25,432,000 after purchasing an additional 5,398 shares during the period. Wellington Management Group LLP boosted its stake in Peoples Bancorp by 28.2% during the 4th quarter. Wellington Management Group LLP now owns 451,788 shares of the bank’s stock valued at $14,317,000 after purchasing an additional 99,300 shares during the period. Northern Trust Corp boosted its stake in Peoples Bancorp by 6.6% during the 4th quarter. Northern Trust Corp now owns 338,569 shares of the bank’s stock valued at $10,729,000 after purchasing an additional 21,101 shares during the period. Bridgeway Capital Management LLC boosted its stake in Peoples Bancorp by 11.0% during the 4th quarter. Bridgeway Capital Management LLC now owns 320,656 shares of the bank’s stock valued at $10,162,000 after purchasing an additional 31,838 shares during the period. Finally, Nuveen Asset Management LLC boosted its stake in Peoples Bancorp by 55.4% during the 4th quarter. Nuveen Asset Management LLC now owns 184,074 shares of the bank’s stock valued at $5,833,000 after purchasing an additional 65,612 shares during the period. 60.68% of the stock is owned by institutional investors and hedge funds.

Peoples Bancorp Stock Down 0.5%

PEBO stock opened at $30.94 on Friday. Peoples Bancorp Inc. has a 52 week low of $26.21 and a 52 week high of $37.07. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 10.60 and a beta of 0.67. The firm’s 50-day moving average is $30.26 and its two-hundred day moving average is $29.88. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.20.

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

Peoples Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Monday, August 4th were issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date was Monday, August 4th. Peoples Bancorp’s payout ratio is presently 56.16%.

Insider Buying and Selling

In related news, Director Carol A. Schneeberger sold 1,000 shares of the business’s stock in a transaction that occurred 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 sale, the director directly owned 25,330 shares in the company, valued at $804,480.80. The trade was a 3.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Dwight Eric Smith bought 1,060 shares of the company’s stock in a transaction that occurred on Thursday, July 24th. The stock was acquired at an average price of $30.27 per share, for a total transaction of $32,086.20. Following the completion of the acquisition, the director directly owned 6,999 shares in the company, valued at approximately $211,859.73. This represents a 17.85% increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.41% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on PEBO. Keefe, Bruyette & Woods boosted their target price on shares of Peoples Bancorp from $32.00 to $33.00 and gave the company a “market perform” rating in a research note on Friday, July 11th. Wall Street Zen lowered shares of Peoples Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, August 2nd. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $35.25.

Peoples Bancorp 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.