GSA Capital Partners LLP raised its holdings in shares of Peoples Bancorp Inc. (NASDAQ:PEBO) by 84.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,663 shares of the bank’s stock after purchasing an additional 6,728 shares during the quarter. GSA Capital Partners LLP owned approximately 0.08% of Peoples Bancorp worth $493,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in the business. California Public Employees Retirement System lifted its holdings in Peoples Bancorp by 6.8% during the 3rd quarter. California Public Employees Retirement System now owns 54,047 shares of the bank’s stock valued at $1,815,000 after purchasing an additional 3,447 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Peoples Bancorp by 2.1% during the third quarter. Dimensional Fund Advisors LP now owns 1,323,779 shares of the bank’s stock worth $44,466,000 after buying an additional 27,733 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of Peoples Bancorp by 91.0% during the third quarter. Schwab Charles Investment Management Inc. now owns 78,499 shares of the bank’s stock worth $2,637,000 after buying an additional 37,399 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Peoples Bancorp by 15.6% during the third quarter. Wells Fargo & Company MN now owns 21,954 shares of the bank’s stock worth $737,000 after buying an additional 2,964 shares in the last quarter. Finally, Virginia Retirement Systems ET AL acquired a new stake in shares of Peoples Bancorp during the third quarter worth $272,000. 63.50% of the stock is owned by institutional investors and hedge funds.
PEBO has been the subject of a number of research reports. Zacks Investment Research downgraded Peoples Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, October 28th. Boenning Scattergood reissued a “hold” rating on shares of Peoples Bancorp in a report on Wednesday, October 25th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $34.00 price target on shares of Peoples Bancorp in a research report on Tuesday, October 3rd. Finally, BidaskClub cut Peoples Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $34.67.
Peoples Bancorp Inc. (PEBO) opened at $33.75 on Thursday. Peoples Bancorp Inc. has a 12-month low of $29.55 and a 12-month high of $35.43. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a market capitalization of $604.56, a PE ratio of 16.71, a price-to-earnings-growth ratio of 2.19 and a beta of 0.73.
Peoples Bancorp (NASDAQ:PEBO) last released its earnings results on Tuesday, October 24th. The bank reported $0.60 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.09. Peoples Bancorp had a return on equity of 7.99% and a net margin of 21.10%. The firm had revenue of $41.83 million for the quarter, compared to analysts’ expectations of $41.96 million. equities research analysts forecast that Peoples Bancorp Inc. will post 2.1 EPS for the current year.
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About Peoples Bancorp
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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