Uncommon Cents Investing LLC Has $1.09 Million Position in Peoples Bancorp Inc. (NASDAQ:PEBO)

Uncommon Cents Investing LLC lowered its stake in shares of Peoples Bancorp Inc. (NASDAQ:PEBO) by 1.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,865 shares of the bank’s stock after selling 555 shares during the quarter. Uncommon Cents Investing LLC’s holdings in Peoples Bancorp were worth $1,092,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in PEBO. Brown Advisory Inc. boosted its holdings in Peoples Bancorp by 160.6% during the fourth quarter. Brown Advisory Inc. now owns 552,649 shares of the bank’s stock valued at $18,657,000 after purchasing an additional 340,566 shares in the last quarter. Franklin Resources Inc. grew its holdings in Peoples Bancorp by 13.3% during the 4th quarter. Franklin Resources Inc. now owns 1,815,196 shares of the bank’s stock worth $61,281,000 after acquiring an additional 213,264 shares during the last quarter. Federated Hermes Inc. increased its position in Peoples Bancorp by 220.5% in the 4th quarter. Federated Hermes Inc. now owns 76,995 shares of the bank’s stock valued at $2,599,000 after acquiring an additional 52,972 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Peoples Bancorp by 2.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,412,411 shares of the bank’s stock worth $81,444,000 after buying an additional 51,087 shares during the period. Finally, American Century Companies Inc. lifted its position in Peoples Bancorp by 15.0% in the 3rd quarter. American Century Companies Inc. now owns 273,435 shares of the bank’s stock valued at $6,940,000 after acquiring an additional 35,603 shares in the last quarter. 60.68% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PEBO has been the subject of a number of analyst reports. Stephens restated an “equal weight” rating and issued a $34.00 price target on shares of Peoples Bancorp in a research note on Wednesday, April 24th. Hovde Group initiated coverage on Peoples Bancorp in a report on Monday, April 1st. They set a “market perform” rating and a $31.00 target price for the company. StockNews.com raised Peoples Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, April 27th. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $33.00 price objective (down from $36.00) on shares of Peoples Bancorp in a research note on Wednesday, April 24th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $33.00.

Peoples Bancorp Trading Down 1.2 %

NASDAQ PEBO traded down $0.37 during trading hours on Thursday, hitting $29.38. 59,638 shares of the company’s stock were exchanged, compared to its average volume of 111,670. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 8.80 and a beta of 0.76. Peoples Bancorp Inc. has a 1-year low of $24.84 and a 1-year high of $34.85. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.22. The stock has a 50-day simple moving average of $29.38 and a 200 day simple moving average of $29.59.

Peoples Bancorp (NASDAQ:PEBO) last posted its quarterly earnings results on Tuesday, April 23rd. The bank reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.04. Peoples Bancorp had a net margin of 20.17% and a return on equity of 12.78%. The business had revenue of $112.82 million during the quarter, compared to the consensus estimate of $111.41 million. On average, equities analysts forecast that Peoples Bancorp Inc. will post 3.44 EPS for the current fiscal year.

Peoples Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, May 20th. Investors of record on Monday, May 6th were paid a dividend of $0.40 per share. This is a boost from Peoples Bancorp’s previous quarterly dividend of $0.39. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.45%. The ex-dividend date of this dividend was Friday, May 3rd. Peoples Bancorp’s dividend payout ratio is presently 47.90%.

Insider Buying and Selling at Peoples Bancorp

In other Peoples Bancorp news, CEO Tyler J. Wilcox sold 8,621 shares of the company’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $29.01, for a total value of $250,095.21. Following the transaction, the chief executive officer now directly owns 40,231 shares in the company, valued at approximately $1,167,101.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 9,344 shares of company stock valued at $271,436 in the last 90 days. 3.46% of the stock is currently owned by company insiders.

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.