Prudential Financial Inc. grew its holdings in Peoples Bancorp Inc. (NASDAQ:PEBO) by 23.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,934 shares of the bank’s stock after purchasing an additional 3,230 shares during the quarter. Prudential Financial Inc. owned approximately 0.09% of Peoples Bancorp worth $544,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of the company. Park National Corp OH purchased a new position in shares of Peoples Bancorp in the 2nd quarter worth approximately $203,000. Goldman Sachs Group Inc. purchased a new position in shares of Peoples Bancorp in the 1st quarter worth approximately $217,000. Highbridge Capital Management LLC purchased a new position in shares of Peoples Bancorp in the 1st quarter worth approximately $232,000. AXA purchased a new position in shares of Peoples Bancorp in the 1st quarter worth approximately $253,000. Finally, American International Group Inc. grew its position in shares of Peoples Bancorp by 7.1% in the 1st quarter. American International Group Inc. now owns 9,897 shares of the bank’s stock worth $313,000 after buying an additional 659 shares during the last quarter. Institutional investors and hedge funds own 62.56% of the company’s stock.
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A number of brokerages have recently issued reports on PEBO. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $34.00 price objective on shares of Peoples Bancorp in a research report on Tuesday, October 3rd. Zacks Investment Research downgraded shares of Peoples Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 27th. Boenning Scattergood reaffirmed a “hold” rating on shares of Peoples Bancorp in a research report on Wednesday, July 26th. Finally, BidaskClub downgraded shares of Peoples Bancorp from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. Peoples Bancorp presently has a consensus rating of “Hold” and an average price target of $35.00.
In other Peoples Bancorp news, Director S Craig Beam sold 2,500 shares of the stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $32.66, for a total value of $81,650.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders sold 12,987 shares of company stock worth $436,142 over the last quarter. 3.04% of the stock is currently owned by insiders.
Shares of Peoples Bancorp Inc. (PEBO) opened at 33.52 on Thursday. The firm’s 50-day moving average is $32.60 and its 200 day moving average is $32.14. Peoples Bancorp Inc. has a 52-week low of $24.16 and a 52-week high of $35.43. The stock has a market cap of $603.90 million, a P/E ratio of 18.12 and a beta of 0.78.
Peoples Bancorp (NASDAQ:PEBO) last announced its quarterly earnings results on Tuesday, July 25th. The bank reported $0.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.07. The company had revenue of $41.68 million for the quarter, compared to analyst estimates of $40.81 million. Peoples Bancorp had a net margin of 19.67% and a return on equity of 7.63%. Analysts forecast that Peoples Bancorp Inc. will post $2.03 earnings per share for the current fiscal year.
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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