Hsbc Holdings PLC Takes Position in Peoples Bancorp Inc. $PEBO

Hsbc Holdings PLC acquired a new stake in Peoples Bancorp Inc. (NASDAQ:PEBO) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 10,054 shares of the bank’s stock, valued at approximately $299,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of PEBO. GAMMA Investing LLC grew its position in shares of Peoples Bancorp by 1,426.3% in the 1st quarter. GAMMA Investing LLC now owns 2,610 shares of the bank’s stock valued at $77,000 after acquiring an additional 2,439 shares during the period. CWM LLC lifted its stake in shares of Peoples Bancorp by 86.7% during the 1st quarter. CWM LLC now owns 4,976 shares of the bank’s stock worth $148,000 after buying an additional 2,311 shares during the last quarter. Balyasny Asset Management L.P. acquired a new stake in shares of Peoples Bancorp during the 4th quarter worth about $215,000. Moody National Bank Trust Division acquired a new stake in shares of Peoples Bancorp during the 1st quarter worth about $229,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Peoples Bancorp during the 1st quarter worth about $289,000. Institutional investors own 60.68% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Peoples Bancorp Price Performance

Shares of Peoples Bancorp stock opened at $30.71 on Thursday. Peoples Bancorp Inc. has a twelve month low of $26.21 and a twelve month high of $37.07. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.20. The company has a 50-day simple moving average of $30.32 and a two-hundred day simple moving average of $29.86. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of 10.52 and a beta of 0.67.

Peoples Bancorp (NASDAQ:PEBO) last issued its quarterly earnings data 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 return on equity of 9.46% and a net margin of 16.88%.The business had revenue of $115.02 million during the quarter, compared to analyst estimates of $113.20 million. Analysts forecast that Peoples Bancorp Inc. will post 3.28 EPS for the current year.

Peoples Bancorp Announces Dividend

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

Insider Activity at Peoples Bancorp

In other news, Director Dwight Eric Smith bought 1,060 shares of the company’s stock in a transaction dated Thursday, July 24th. The stock was bought at an average cost of $30.27 per share, for a total transaction of $32,086.20. Following the transaction, the director owned 6,999 shares of the company’s stock, valued at $211,859.73. This represents a 17.85% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction of $31,760.00. Following the completion of the transaction, the director owned 25,330 shares of the company’s stock, valued at $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. 3.41% of the stock is currently owned by insiders.

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.