BlackRock Inc. grew its stake in Peoples Bancorp Inc. (NASDAQ:PEBO) by 6.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,291,788 shares of the bank’s stock after buying an additional 77,563 shares during the quarter. BlackRock Inc. owned approximately 0.07% of Peoples Bancorp worth $42,137,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. SG Americas Securities LLC purchased a new stake in Peoples Bancorp in the third quarter worth about $103,000. Virginia Retirement Systems ET AL purchased a new stake in Peoples Bancorp in the third quarter worth about $272,000. GSA Capital Partners LLP increased its position in Peoples Bancorp by 84.8% in the third quarter. GSA Capital Partners LLP now owns 14,663 shares of the bank’s stock worth $493,000 after buying an additional 6,728 shares in the last quarter. Bailard Inc. purchased a new stake in Peoples Bancorp in the fourth quarter worth about $646,000. Finally, Prudential Financial Inc. increased its position in Peoples Bancorp by 27.1% in the third quarter. Prudential Financial Inc. now owns 21,527 shares of the bank’s stock worth $722,000 after buying an additional 4,593 shares in the last quarter. Institutional investors and hedge funds own 63.58% of the company’s stock.
PEBO has been the subject of a number of analyst reports. BidaskClub cut Peoples Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, January 3rd. Zacks Investment Research upgraded Peoples Bancorp from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a research report on Thursday, January 4th. Boenning Scattergood restated a “hold” rating on shares of Peoples Bancorp in a research report on Wednesday, January 10th. Sandler O’Neill restated a “hold” rating and issued a $37.00 price target on shares of Peoples Bancorp in a research report on Tuesday, January 23rd. Finally, ValuEngine upgraded Peoples Bancorp from a “hold” rating to a “buy” rating in a research report on Saturday, February 3rd. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Peoples Bancorp presently has an average rating of “Hold” and an average target price of $36.00.
NASDAQ PEBO opened at $35.08 on Monday. The stock has a market capitalization of $644.21, a PE ratio of 15.39, a price-to-earnings-growth ratio of 1.98 and a beta of 0.72. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.81 and a quick ratio of 0.81. Peoples Bancorp Inc. has a twelve month low of $29.55 and a twelve month high of $36.99.
Peoples Bancorp (NASDAQ:PEBO) last released its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.09. The firm had revenue of $42.24 million during the quarter, compared to analyst estimates of $41.90 million. Peoples Bancorp had a return on equity of 8.57% and a net margin of 21.47%. equities research analysts predict that Peoples Bancorp Inc. will post 2.22 earnings per share for the current fiscal year.
In other news, Director George W. Broughton sold 1,000 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $35.26, for a total value of $35,260.00. Following the completion of the transaction, the director now owns 160,750 shares of the company’s stock, valued at $5,668,045. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.03% of the company’s stock.
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About Peoples Bancorp
Peoples Bancorp Inc operates as the holding company for Peoples Bank that provides commercial and retail banking products and services. The company accepts various deposit products, including demand deposit accounts, savings accounts, money market accounts, and certificates of deposit; and provides commercial real estate construction loans, other commercial real estate loans, commercial and industrial loans, residential real estate loans, home equity lines of credit, and indirect and other consumer loans.
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