Victory Capital Management Inc. Purchases 8,938 Shares of Peoples Bancorp Inc. (NASDAQ:PEBO)

Victory Capital Management Inc. increased its stake in shares of Peoples Bancorp Inc. (NASDAQ:PEBO - Free Report) by 24.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 46,138 shares of the bank's stock after acquiring an additional 8,938 shares during the period. Victory Capital Management Inc. owned about 0.13% of Peoples Bancorp worth $1,462,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of PEBO. State Street Corp increased its position in Peoples Bancorp by 1.4% during the third quarter. State Street Corp now owns 1,027,413 shares of the bank's stock worth $30,915,000 after buying an additional 14,426 shares during the last quarter. Geode Capital Management LLC grew its position in Peoples Bancorp by 2.7% during the third quarter. Geode Capital Management LLC now owns 850,654 shares of the bank's stock worth $25,601,000 after buying an additional 22,285 shares in the last quarter. Peoples Bank OH lifted its stake in Peoples Bancorp by 1.1% during the fourth quarter. Peoples Bank OH now owns 590,905 shares of the bank's stock worth $18,726,000 after purchasing an additional 6,250 shares during the last quarter. Wellington Management Group LLP lifted its stake in Peoples Bancorp by 153.6% during the third quarter. Wellington Management Group LLP now owns 352,488 shares of the bank's stock worth $10,606,000 after purchasing an additional 213,488 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Peoples Bancorp by 1.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 295,203 shares of the bank's stock valued at $8,883,000 after acquiring an additional 5,071 shares during the last quarter. Institutional investors own 60.68% of the company's stock.

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Insider Activity

In other news, Director Carol A. Schneeberger sold 1,000 shares of Peoples Bancorp stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $31.02, for a total value of $31,020.00. Following the completion of the transaction, the director now directly owns 27,686 shares in the company, valued at approximately $858,819.72. The trade was a 3.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders sold 3,000 shares of company stock worth $94,050. 3.41% of the stock is owned by corporate insiders.

Peoples Bancorp Stock Performance

Peoples Bancorp stock traded down $0.06 during mid-day trading on Friday, reaching $29.73. 346,927 shares of the company's stock were exchanged, compared to its average volume of 124,443. The business's fifty day simple moving average is $31.63 and its 200 day simple moving average is $32.00. The firm has a market capitalization of $1.06 billion, a PE ratio of 8.98 and a beta of 0.75. Peoples Bancorp Inc. has a one year low of $27.10 and a one year high of $37.07. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.21.

Peoples Bancorp (NASDAQ:PEBO - Get Free Report) last issued its quarterly earnings results on Tuesday, January 21st. The bank reported $0.76 EPS for the quarter, topping analysts' consensus estimates 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 company earned $1.04 EPS. On average, sell-side analysts expect that Peoples Bancorp Inc. will post 3.28 earnings per share for the current year.

Peoples Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were paid a $0.40 dividend. The ex-dividend date was Monday, February 3rd. This represents a $1.60 annualized dividend and a dividend yield of 5.38%. Peoples Bancorp's payout ratio is presently 48.34%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on PEBO shares. Stephens reiterated an "equal weight" rating and issued a $37.50 price target on shares of Peoples Bancorp in a research note on Wednesday, January 22nd. Keefe, Bruyette & Woods increased their price target on Peoples Bancorp from $32.00 to $36.00 and gave the stock a "market perform" rating in a report on Wednesday, December 4th. Piper Sandler upped their target price on Peoples Bancorp from $39.00 to $40.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 22nd. Finally, 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 report on Wednesday, January 22nd. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $36.90.

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.