66,958 Shares in Peoples Bancorp Inc. (NASDAQ:PEBO) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new stake in Peoples Bancorp Inc. (NASDAQ:PEBO - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 66,958 shares of the bank's stock, valued at approximately $2,122,000. Raymond James Financial Inc. owned 0.19% of Peoples Bancorp at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Shoker Investment Counsel Inc. boosted its stake in shares of Peoples Bancorp by 1.0% during the fourth quarter. Shoker Investment Counsel Inc. now owns 31,467 shares of the bank's stock worth $997,000 after buying an additional 316 shares during the period. FMR LLC grew its stake in shares of Peoples Bancorp by 42.0% in the 3rd quarter. FMR LLC now owns 1,252 shares of the bank's stock valued at $38,000 after purchasing an additional 370 shares during the last quarter. Arizona State Retirement System grew its stake in shares of Peoples Bancorp by 6.1% in the 4th quarter. Arizona State Retirement System now owns 10,304 shares of the bank's stock valued at $327,000 after purchasing an additional 595 shares during the last quarter. D.A. Davidson & CO. increased its holdings in shares of Peoples Bancorp by 2.7% in the third quarter. D.A. Davidson & CO. now owns 23,961 shares of the bank's stock valued at $721,000 after purchasing an additional 626 shares during the period. Finally, US Bancorp DE raised its stake in shares of Peoples Bancorp by 172.8% during the fourth quarter. US Bancorp DE now owns 1,094 shares of the bank's stock worth $35,000 after purchasing an additional 693 shares during the last quarter. 60.68% of the stock is currently owned by hedge funds and other institutional investors.

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Peoples Bancorp Price Performance

PEBO stock traded down $1.89 during trading on Thursday, reaching $27.94. 27,045 shares of the company were exchanged, compared to its average volume of 137,092. Peoples Bancorp Inc. has a 52-week low of $27.10 and a 52-week high of $37.07. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.83 and a current ratio of 0.83. The company has a market cap of $996.44 million, a P/E ratio of 8.44 and a beta of 0.75. The stock's 50 day moving average price is $31.41 and its 200 day moving average price is $31.98.

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

Peoples Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.73%. The ex-dividend date of this dividend was Monday, February 3rd. Peoples Bancorp's dividend payout ratio is currently 48.34%.

Insider Transactions at Peoples Bancorp

In other Peoples Bancorp news, Director Carol A. Schneeberger sold 1,000 shares of Peoples Bancorp stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $30.20, for a total transaction of $30,200.00. Following the completion of the transaction, the director now owns 25,686 shares in the company, valued at approximately $775,717.20. The trade was a 3.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold 3,000 shares of company stock valued at $94,050 in the last 90 days. 3.41% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on PEBO shares. Keefe, Bruyette & Woods lifted their price objective on shares of Peoples Bancorp from $32.00 to $36.00 and gave the company a "market perform" rating in a research report on Wednesday, December 4th. DA Davidson dropped their price target on shares of Peoples Bancorp from $42.00 to $40.00 and set a "buy" rating on the stock in a research note on Wednesday, January 22nd. Stephens reissued an "equal weight" rating and set a $37.50 price target on shares of Peoples Bancorp in a report on Wednesday, January 22nd. Finally, Piper Sandler lifted their price objective on Peoples Bancorp from $39.00 to $40.00 and gave the company an "overweight" rating in a report on Wednesday, January 22nd. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Peoples Bancorp currently has an average rating of "Hold" and a consensus target price of $38.38.

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.