Peoples Bancorp Inc. (NASDAQ:PEBO) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lessened its stake in Peoples Bancorp Inc. (NASDAQ:PEBO) by 0.9% during the fourth quarter, Holdings Channel reports. The firm owned 120,030 shares of the bank’s stock after selling 1,121 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Peoples Bancorp were worth $3,252,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in PEBO. Panagora Asset Management Inc. increased its holdings in shares of Peoples Bancorp by 21.1% during the 4th quarter. Panagora Asset Management Inc. now owns 2,407 shares of the bank’s stock worth $65,000 after buying an additional 420 shares during the last quarter. Wells Fargo & Company MN increased its stake in Peoples Bancorp by 0.9% during the fourth quarter. Wells Fargo & Company MN now owns 53,958 shares of the bank’s stock worth $1,461,000 after acquiring an additional 481 shares during the last quarter. Aperio Group LLC raised its holdings in shares of Peoples Bancorp by 2.0% in the 4th quarter. Aperio Group LLC now owns 47,009 shares of the bank’s stock worth $1,273,000 after purchasing an additional 918 shares during the period. Citigroup Inc. raised its holdings in shares of Peoples Bancorp by 44.2% in the 4th quarter. Citigroup Inc. now owns 4,104 shares of the bank’s stock worth $111,000 after purchasing an additional 1,257 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in shares of Peoples Bancorp by 3.3% in the 4th quarter. Victory Capital Management Inc. now owns 54,800 shares of the bank’s stock valued at $1,485,000 after purchasing an additional 1,728 shares in the last quarter. 56.35% of the stock is owned by institutional investors.

PEBO opened at $33.60 on Wednesday. The firm’s 50 day moving average is $33.79 and its 200-day moving average is $28.72. Peoples Bancorp Inc. has a 52-week low of $18.35 and a 52-week high of $36.75. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $659.37 million, a P/E ratio of 23.66 and a beta of 0.99.

Peoples Bancorp (NASDAQ:PEBO) last released its quarterly earnings results on Monday, January 25th. The bank reported $1.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.39. Peoples Bancorp had a net margin of 12.87% and a return on equity of 5.60%. The business had revenue of $51.06 million during the quarter, compared to analyst estimates of $51.90 million. Equities analysts expect that Peoples Bancorp Inc. will post 1.51 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, February 22nd. Stockholders of record on Monday, February 8th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, February 5th. This represents a $1.40 annualized dividend and a dividend yield of 4.17%. Peoples Bancorp’s dividend payout ratio is presently 47.78%.

Several research analysts recently commented on the stock. Hovde Group upgraded shares of Peoples Bancorp from a “market perform” rating to an “outperform” rating and raised their price target for the company from $34.00 to $40.00 in a report on Wednesday, March 31st. Raymond James raised their target price on shares of Peoples Bancorp from $36.00 to $40.00 and gave the company an “outperform” rating in a research note on Tuesday, March 30th. B. Riley upped their price target on shares of Peoples Bancorp from $36.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, April 9th. Finally, Zacks Investment Research lowered Peoples Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 28th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Peoples Bancorp currently has an average rating of “Buy” and an average target price of $34.30.

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 and industrial, commercial real estate, construction, finance, residential real estate, and consumer indirect and direct loans, as well as home equity lines of credit and overdrafts.

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

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