Northern Trust Corp Sells 3,669 Shares of Peoples Bancorp Inc. (PEBO)

Northern Trust Corp trimmed its position in shares of Peoples Bancorp Inc. (NASDAQ:PEBO) by 1.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 215,094 shares of the bank’s stock after selling 3,669 shares during the quarter. Northern Trust Corp’s holdings in Peoples Bancorp were worth $6,474,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its stake in shares of Peoples Bancorp by 4.0% during the third quarter. Dimensional Fund Advisors LP now owns 1,550,011 shares of the bank’s stock valued at $54,297,000 after purchasing an additional 60,250 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Peoples Bancorp by 2.8% during the fourth quarter. BlackRock Inc. now owns 1,409,961 shares of the bank’s stock valued at $42,440,000 after purchasing an additional 38,186 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Peoples Bancorp by 1.5% during the third quarter. Vanguard Group Inc. now owns 813,381 shares of the bank’s stock valued at $28,493,000 after purchasing an additional 11,792 shares in the last quarter. Vanguard Group Inc boosted its stake in shares of Peoples Bancorp by 1.5% during the third quarter. Vanguard Group Inc now owns 813,381 shares of the bank’s stock valued at $28,493,000 after purchasing an additional 11,792 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of Peoples Bancorp by 3.7% during the third quarter. Renaissance Technologies LLC now owns 473,279 shares of the bank’s stock valued at $16,579,000 after purchasing an additional 16,700 shares in the last quarter. 60.07% of the stock is currently owned by hedge funds and other institutional investors.

Peoples Bancorp stock opened at $32.13 on Thursday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $626.47 million, a P/E ratio of 12.17, a P/E/G ratio of 1.40 and a beta of 0.76. Peoples Bancorp Inc. has a one year low of $28.35 and a one year high of $39.58.

Peoples Bancorp (NASDAQ:PEBO) last posted its quarterly earnings data on Tuesday, January 22nd. The bank reported $0.69 EPS for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.03. The company had revenue of $48.30 million for the quarter, compared to analyst estimates of $47.74 million. Peoples Bancorp had a return on equity of 9.94% and a net margin of 22.18%. Equities analysts predict that Peoples Bancorp Inc. will post 2.83 earnings per share for the current fiscal year.

PEBO has been the topic of a number of recent research reports. ValuEngine raised Peoples Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Zacks Investment Research lowered Peoples Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, January 9th. Boenning Scattergood reissued a “hold” rating on shares of Peoples Bancorp in a research note on Friday, January 25th. Finally, BidaskClub lowered Peoples Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, January 31st. Three equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the company. The stock has an average rating of “Sell” and a consensus target price of $38.50.

In related news, Director George W. Broughton sold 2,000 shares of Peoples Bancorp stock in a transaction that occurred on Friday, January 25th. The stock was sold at an average price of $32.65, for a total value of $65,300.00. Following the transaction, the director now directly owns 150,756 shares of the company’s stock, valued at $4,922,183.40. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director George W. Broughton sold 1,000 shares of Peoples Bancorp stock in a transaction that occurred on Monday, January 28th. The stock was sold at an average price of $32.33, for a total value of $32,330.00. Following the completion of the transaction, the director now directly owns 149,756 shares in the company, valued at $4,841,611.48. The disclosure for this sale can be found here. 2.89% of the stock is owned by insiders.

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Peoples Bancorp Profile

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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Institutional Ownership by Quarter for Peoples Bancorp (NASDAQ:PEBO)

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