Duncker Streett & Co. Inc. continued to hold its position in Peoples Bancorp Inc. (NASDAQ:PEBO) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 20,595 shares of the bank’s stock at the end of the second quarter. Duncker Streett & Co. Inc. owned 0.11% of Peoples Bancorp worth $662,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in Peoples Bancorp by 4.1% in the first quarter. Dimensional Fund Advisors LP now owns 1,265,231 shares of the bank’s stock valued at $40,057,000 after buying an additional 49,458 shares during the last quarter. Vanguard Group Inc. raised its position in Peoples Bancorp by 2.8% in the first quarter. Vanguard Group Inc. now owns 681,733 shares of the bank’s stock valued at $21,584,000 after buying an additional 18,418 shares during the last quarter. LSV Asset Management raised its position in Peoples Bancorp by 28.6% in the first quarter. LSV Asset Management now owns 375,848 shares of the bank’s stock valued at $11,899,000 after buying an additional 83,631 shares during the last quarter. State Street Corp raised its position in Peoples Bancorp by 9.0% in the fourth quarter. State Street Corp now owns 283,294 shares of the bank’s stock valued at $9,192,000 after buying an additional 23,462 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in Peoples Bancorp by 14.6% in the first quarter. Renaissance Technologies LLC now owns 273,000 shares of the bank’s stock valued at $8,643,000 after buying an additional 34,700 shares during the last quarter. 61.01% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Peoples Bancorp Inc. (PEBO) opened at 30.07 on Friday. The firm has a market cap of $541.74 million, a price-to-earnings ratio of 16.25 and a beta of 0.76. The firm has a 50-day moving average price of $32.03 and a 200-day moving average price of $32.12. Peoples Bancorp Inc. has a 52-week low of $22.84 and a 52-week high of $35.43.
Peoples Bancorp (NASDAQ:PEBO) last issued its quarterly earnings data on Tuesday, July 25th. The bank reported $0.53 EPS for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.07. The company had revenue of $41.68 million for the quarter, compared to analysts’ expectations of $40.81 million. Peoples Bancorp had a return on equity of 7.63% and a net margin of 19.67%. Analysts predict that Peoples Bancorp Inc. will post $2.03 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 18th. Shareholders of record on Friday, August 4th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date of this dividend is Wednesday, August 2nd. This is a boost from Peoples Bancorp’s previous quarterly dividend of $0.20. Peoples Bancorp’s payout ratio is currently 47.57%.
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PEBO has been the topic of several research reports. BidaskClub lowered Peoples Bancorp from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Zacks Investment Research lowered Peoples Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, June 28th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $32.00 price target on shares of Peoples Bancorp in a research report on Wednesday, April 26th. Boenning Scattergood reaffirmed a “hold” rating on shares of Peoples Bancorp in a research report on Wednesday, July 26th. Finally, ValuEngine raised Peoples Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $34.33.
In related news, Director Terry Thomas Sweet acquired 1,000 shares of Peoples Bancorp stock in a transaction on Tuesday, June 6th. The shares were bought at an average price of $31.18 per share, for a total transaction of $31,180.00. Following the completion of the purchase, the director now directly owns 2,427 shares in the company, valued at approximately $75,673.86. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.04% of the company’s stock.
Peoples Bancorp Company Profile
Peoples Bancorp Inc is a financial holding company. The Company operates principally through its subsidiary, Peoples Bank. Peoples Bank’s operating subsidiaries include Peoples Insurance Agency, LLC (Peoples Insurance) and two asset management companies, PBNA, LLC. and Peoples Tax Credit Equity, LLC.
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