Bank of New York Mellon Corp reduced its holdings in Peoples Bancorp Inc. (NASDAQ:PEBO) by 8.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 108,840 shares of the bank’s stock after selling 10,624 shares during the period. Bank of New York Mellon Corp’s holdings in Peoples Bancorp were worth $3,551,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC bought a new position in shares of Peoples Bancorp in the 3rd quarter worth about $103,000. Virginia Retirement Systems ET AL acquired a new stake in shares of Peoples Bancorp in the 3rd quarter worth about $272,000. GSA Capital Partners LLP increased its holdings in shares of Peoples Bancorp by 84.8% in the 3rd quarter. GSA Capital Partners LLP now owns 14,663 shares of the bank’s stock worth $493,000 after acquiring an additional 6,728 shares during the period. Bailard Inc. acquired a new stake in shares of Peoples Bancorp in the 4th quarter worth about $646,000. Finally, Wells Fargo & Company MN increased its holdings in shares of Peoples Bancorp by 15.6% in the 3rd quarter. Wells Fargo & Company MN now owns 21,954 shares of the bank’s stock worth $737,000 after acquiring an additional 2,964 shares during the period. Institutional investors own 63.58% of the company’s stock.
A number of analysts recently weighed in on PEBO shares. Sandler O’Neill reaffirmed a “hold” rating and issued a $37.00 price objective on shares of Peoples Bancorp in a report on Tuesday, January 23rd. Zacks Investment Research cut shares of Peoples Bancorp from a “buy” rating to a “hold” rating in a report on Friday, January 5th. BidaskClub cut shares of Peoples Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, January 3rd. ValuEngine raised shares of Peoples Bancorp from a “hold” rating to a “buy” rating in a report on Saturday, February 3rd. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of Peoples Bancorp in a report on Wednesday, January 24th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $36.00.
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 the Zacks’ consensus estimate of $0.48 by $0.09. Peoples Bancorp had a net margin of 21.47% and a return on equity of 8.57%. The business had revenue of $42.24 million for the quarter, compared to analysts’ expectations of $41.90 million. research analysts forecast that Peoples Bancorp Inc. will post 2.22 earnings per share for the current fiscal year.
In other Peoples Bancorp news, Director George W. Broughton sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $35.26, for a total transaction of $35,260.00. Following the transaction, the director now owns 160,750 shares of the company’s stock, valued at approximately $5,668,045. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 3.03% of the stock is owned by company insiders.
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Peoples Bancorp Company 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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