Schwab Charles Investment Management Inc. grew its stake in shares of Peoples Bancorp Inc. (NASDAQ:PEBO) by 91.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 78,499 shares of the bank’s stock after acquiring an additional 37,399 shares during the quarter. Schwab Charles Investment Management Inc. owned about 0.43% of Peoples Bancorp worth $2,637,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the company. State Street Corp increased its holdings in Peoples Bancorp by 32.5% in the 2nd quarter. State Street Corp now owns 403,950 shares of the bank’s stock worth $12,976,000 after buying an additional 99,066 shares in the last quarter. Vanguard Group Inc. increased its holdings in Peoples Bancorp by 8.5% in the 2nd quarter. Vanguard Group Inc. now owns 739,754 shares of the bank’s stock worth $23,768,000 after buying an additional 58,021 shares in the last quarter. Zacks Investment Management bought a new stake in Peoples Bancorp in the 2nd quarter worth about $1,780,000. Dimensional Fund Advisors LP increased its holdings in Peoples Bancorp by 2.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,296,046 shares of the bank’s stock worth $41,642,000 after buying an additional 30,815 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its holdings in Peoples Bancorp by 112.9% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 34,924 shares of the bank’s stock worth $1,122,000 after buying an additional 18,518 shares in the last quarter. Hedge funds and other institutional investors own 63.50% of the company’s stock.
Several equities research analysts recently commented on PEBO shares. Zacks Investment Research downgraded Peoples Bancorp from a “buy” rating to a “hold” rating in a report on Friday, January 5th. BidaskClub upgraded Peoples Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Boenning Scattergood reiterated a “hold” rating on shares of Peoples Bancorp in a report on Wednesday, October 25th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $34.00 price objective on shares of Peoples Bancorp in a report on Tuesday, October 3rd. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Peoples Bancorp has an average rating of “Hold” and an average target price of $34.67.
Peoples Bancorp Inc. (PEBO) opened at $34.26 on Thursday. The stock has a market capitalization of $617.17, a PE ratio of 16.96, a price-to-earnings-growth ratio of 1.94 and a beta of 0.73. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.82 and a quick ratio of 0.82. Peoples Bancorp Inc. has a 12-month low of $29.55 and a 12-month high of $35.43.
Peoples Bancorp (NASDAQ:PEBO) last announced its earnings results on Tuesday, October 24th. The bank reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.09. The business had revenue of $41.83 million for the quarter, compared to analysts’ expectations of $41.96 million. Peoples Bancorp had a return on equity of 7.99% and a net margin of 21.10%. equities analysts anticipate that Peoples Bancorp Inc. will post 2.09 EPS for the current fiscal year.
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Peoples Bancorp 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. Peoples Investment Company has one subsidiary, Peoples Capital Corporation.
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