LSV Asset Management Decreases Stake in Peoples Bancorp Inc. (NASDAQ:PEBO)

LSV Asset Management lessened its stake in Peoples Bancorp Inc. (NASDAQ:PEBO - Free Report) by 8.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 143,334 shares of the bank's stock after selling 12,446 shares during the quarter. LSV Asset Management owned 0.40% of Peoples Bancorp worth $4,542,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Raymond James Financial Inc. purchased a new position in Peoples Bancorp in the fourth quarter worth approximately $2,122,000. Legal & General Group Plc lifted its position in shares of Peoples Bancorp by 4.9% during the 4th quarter. Legal & General Group Plc now owns 36,884 shares of the bank's stock worth $1,169,000 after purchasing an additional 1,727 shares during the last quarter. Dynamic Technology Lab Private Ltd grew its stake in shares of Peoples Bancorp by 75.8% during the fourth quarter. Dynamic Technology Lab Private Ltd now owns 18,869 shares of the bank's stock worth $598,000 after purchasing an additional 8,138 shares in the last quarter. Wells Fargo & Company MN increased its holdings in Peoples Bancorp by 14.3% in the fourth quarter. Wells Fargo & Company MN now owns 35,094 shares of the bank's stock valued at $1,112,000 after buying an additional 4,396 shares during the last quarter. Finally, Foundry Partners LLC raised its stake in Peoples Bancorp by 1.2% in the fourth quarter. Foundry Partners LLC now owns 164,943 shares of the bank's stock valued at $5,227,000 after buying an additional 1,987 shares in the last quarter. 60.68% of the stock is owned by institutional investors and hedge funds.

Peoples Bancorp Stock Performance

Shares of NASDAQ PEBO traded up $0.16 during trading hours on Friday, reaching $27.85. The stock had a trading volume of 191,363 shares, compared to its average volume of 132,110. The firm has a market cap of $993.41 million, a price-to-earnings ratio of 8.41 and a beta of 0.63. Peoples Bancorp Inc. has a fifty-two week low of $26.21 and a fifty-two week high of $37.07. The firm has a 50-day moving average of $29.88 and a 200-day moving average of $31.67. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.21.

Peoples Bancorp (NASDAQ:PEBO - Get Free Report) last announced its earnings results on Tuesday, January 21st. The bank reported $0.76 EPS for the quarter, beating analysts' consensus estimates of $0.75 by $0.01. Peoples Bancorp had a net margin of 18.90% and a return on equity of 11.07%. During the same period in the previous year, the business posted $1.04 EPS. Equities research analysts predict that Peoples Bancorp Inc. will post 3.28 earnings per share for the current year.

Peoples Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.75%. The ex-dividend date of this dividend was Monday, February 3rd. Peoples Bancorp's dividend payout ratio is currently 48.34%.

Analysts Set New Price Targets

PEBO has been the subject of several analyst reports. Stephens reaffirmed an "equal weight" rating and set a $37.50 price objective on shares of Peoples Bancorp in a research report on Wednesday, January 22nd. DA Davidson lowered their price target on Peoples Bancorp from $42.00 to $40.00 and set a "buy" rating for the company in a report on Wednesday, January 22nd. Finally, Piper Sandler raised their price objective on shares of Peoples Bancorp from $39.00 to $40.00 and gave the stock an "overweight" rating in a report on Wednesday, January 22nd. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $38.38.

Insider Buying and Selling at Peoples Bancorp

In other Peoples Bancorp news, Director Carol A. Schneeberger sold 1,000 shares of the business's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $30.20, for a total value of $30,200.00. Following the transaction, the director now directly owns 25,686 shares of the company's stock, valued at approximately $775,717.20. The trade was a 3.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.41% of the stock is owned by company insiders.

Peoples Bancorp Company Profile

Peoples Bancorp Inc operates as the holding company for Peoples Bank that provides commercial and consumer banking products and services. The company accepts various deposit products, including demand deposit accounts, savings accounts, money market accounts, certificates of deposit, and governmental deposits; 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.