Peoples Bancorp Inc. $PEBO Shares Sold by Brown Advisory Inc.

Brown Advisory Inc. decreased its holdings in Peoples Bancorp Inc. (NASDAQ:PEBO) by 6.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 739,492 shares of the bank’s stock after selling 49,095 shares during the quarter. Brown Advisory Inc. owned 2.07% of Peoples Bancorp worth $22,584,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Hsbc Holdings PLC acquired a new position in shares of Peoples Bancorp during the 1st quarter worth approximately $299,000. Creative Planning increased its holdings in Peoples Bancorp by 35.5% in the 2nd quarter. Creative Planning now owns 44,061 shares of the bank’s stock worth $1,346,000 after acquiring an additional 11,533 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in Peoples Bancorp in the 2nd quarter worth $271,000. American Century Companies Inc. raised its position in Peoples Bancorp by 12.7% during the first quarter. American Century Companies Inc. now owns 854,771 shares of the bank’s stock worth $25,353,000 after acquiring an additional 96,556 shares during the period. Finally, Nuveen LLC purchased a new position in Peoples Bancorp during the first quarter valued at $3,721,000. Hedge funds and other institutional investors own 60.68% of the company’s stock.

Peoples Bancorp Price Performance

NASDAQ:PEBO opened at $30.26 on Friday. Peoples Bancorp Inc. has a one year low of $26.21 and a one year high of $35.32. The stock has a market cap of $1.08 billion, a PE ratio of 10.58 and a beta of 0.67. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.83 and a current ratio of 0.83. The stock has a 50 day moving average price of $29.30 and a 200 day moving average price of $29.83.

Peoples Bancorp (NASDAQ:PEBO) last released its quarterly earnings data on Tuesday, October 21st. The bank reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.07. Peoples Bancorp had a return on equity of 9.35% and a net margin of 16.57%.The company had revenue of $118.51 million for the quarter, compared to analyst estimates of $116.88 million. Equities research analysts expect that Peoples Bancorp Inc. will post 3.28 EPS for the current fiscal year.

Peoples Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 18th. Investors of record on Tuesday, November 4th were given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 5.4%. The ex-dividend date was Tuesday, November 4th. Peoples Bancorp’s dividend payout ratio (DPR) is presently 57.34%.

Analyst Ratings Changes

A number of research firms have recently commented on PEBO. Wall Street Zen raised shares of Peoples Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, October 25th. Zacks Research upgraded Peoples Bancorp from a “strong sell” rating to a “hold” rating in a research note on Monday, September 22nd. Weiss Ratings reissued a “hold (c+)” rating on shares of Peoples Bancorp in a report on Tuesday. DA Davidson began coverage on Peoples Bancorp in a research report on Wednesday, October 22nd. They issued a “buy” rating and a $33.00 target price on the stock. Finally, Piper Sandler lowered their price target on Peoples Bancorp from $36.00 to $33.50 and set an “overweight” rating on the stock in a research note on Wednesday, October 22nd. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Peoples Bancorp currently has a consensus rating of “Hold” and a consensus target price of $33.13.

Insiders Place Their Bets

In other Peoples Bancorp news, Director W Glenn Hogan acquired 1,000 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The shares were purchased at an average cost of $28.49 per share, for a total transaction of $28,490.00. Following the completion of the acquisition, the director owned 535,239 shares of the company’s stock, valued at approximately $15,248,959.11. The trade was a 0.19% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Carol A. Schneeberger sold 1,000 shares of the firm’s stock in a transaction on Wednesday, October 8th. The stock was sold at an average price of $30.22, for a total value of $30,220.00. Following the sale, the director directly owned 23,767 shares of the company’s stock, valued at approximately $718,238.74. This trade represents a 4.04% decrease in their position. The SEC filing for this sale provides additional information. Insiders have bought 4,110 shares of company stock valued at $118,832 over the last ninety days. Company 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.