Peoples Bancorp Inc. $PEBO Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. lessened its holdings in shares of Peoples Bancorp Inc. (NASDAQ:PEBO) by 7.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,637 shares of the bank’s stock after selling 1,763 shares during the period. D.A. Davidson & CO. owned approximately 0.06% of Peoples Bancorp worth $691,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PEBO. Wealth Preservation Advisors LLC acquired a new stake in Peoples Bancorp in the 1st quarter valued at about $8,294,000. Segall Bryant & Hamill LLC acquired a new stake in Peoples Bancorp in the 1st quarter valued at about $4,986,000. Nuveen LLC acquired a new stake in shares of Peoples Bancorp during the first quarter valued at $3,721,000. American Century Companies Inc. boosted its stake in shares of Peoples Bancorp by 12.7% during the first quarter. American Century Companies Inc. now owns 854,771 shares of the bank’s stock valued at $25,353,000 after acquiring an additional 96,556 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of Peoples Bancorp by 46.5% during the first quarter. AQR Capital Management LLC now owns 101,653 shares of the bank’s stock valued at $3,015,000 after acquiring an additional 32,259 shares during the last quarter. Institutional investors and hedge funds own 60.68% of the company’s stock.

Wall Street Analysts Forecast Growth

PEBO has been the topic of a number of analyst reports. Wall Street Zen raised Peoples Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday. Keefe, Bruyette & Woods increased their price objective 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. DA Davidson initiated coverage on Peoples Bancorp in a research note on Wednesday, October 22nd. They set a “buy” rating and a $33.00 price objective on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Peoples Bancorp in a research note on Wednesday, October 8th. Finally, Zacks Research raised Peoples Bancorp from a “strong sell” rating to a “hold” rating in a research note on Monday, September 22nd. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Peoples Bancorp presently has a consensus rating of “Hold” and an average target price of $33.13.

Peoples Bancorp Stock Performance

Peoples Bancorp stock opened at $29.60 on Wednesday. The stock’s 50-day moving average is $30.06 and its 200-day moving average is $29.82. The company has a market cap of $1.06 billion, a price-to-earnings ratio of 10.35 and a beta of 0.63. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.82 and a quick ratio of 0.82. Peoples Bancorp Inc. has a 12 month low of $26.21 and a 12 month high of $37.07.

Peoples Bancorp (NASDAQ:PEBO) last announced its earnings results on Tuesday, October 21st. The bank reported $0.90 EPS for the quarter, beating the consensus estimate of $0.83 by $0.07. The business had revenue of ($221.08) million for the quarter, compared to the consensus estimate of $116.88 million. Peoples Bancorp had a return on equity of 9.45% and a net margin of 16.57%. Equities analysts anticipate that Peoples Bancorp Inc. will post 3.28 earnings per share for the current year.

Peoples Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 18th. Shareholders of record on Tuesday, November 4th will be paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date is Tuesday, November 4th. Peoples Bancorp’s dividend payout ratio (DPR) is 57.34%.

Insiders Place Their Bets

In other Peoples Bancorp news, Director Carol A. Schneeberger sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 8th. The stock was sold at an average price of $30.22, for a total transaction of $30,220.00. Following the completion of the sale, the director owned 23,767 shares in the company, valued at $718,238.74. This trade represents a 4.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.41% of the stock is currently owned by company insiders.

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.