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Peoples Bancorp Inc. (NASDAQ:PEBO) Shares Acquired by Wellington Management Group LLP

Peoples Bancorp logo with Finance background

Wellington Management Group LLP raised its stake in Peoples Bancorp Inc. (NASDAQ:PEBO - Free Report) by 153.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 352,488 shares of the bank's stock after buying an additional 213,488 shares during the period. Wellington Management Group LLP owned about 0.99% of Peoples Bancorp worth $10,606,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in PEBO. nVerses Capital LLC purchased a new stake in Peoples Bancorp in the second quarter worth about $27,000. FMR LLC lifted its position in shares of Peoples Bancorp by 42.0% in the 3rd quarter. FMR LLC now owns 1,252 shares of the bank's stock worth $38,000 after purchasing an additional 370 shares during the period. Innealta Capital LLC purchased a new stake in shares of Peoples Bancorp in the 2nd quarter worth approximately $46,000. CWM LLC increased its holdings in Peoples Bancorp by 503.9% during the third quarter. CWM LLC now owns 1,860 shares of the bank's stock valued at $56,000 after buying an additional 1,552 shares during the period. Finally, Quest Partners LLC raised its stake in Peoples Bancorp by 20,273.3% in the second quarter. Quest Partners LLC now owns 3,056 shares of the bank's stock worth $92,000 after buying an additional 3,041 shares in the last quarter. 60.68% of the stock is currently owned by institutional investors.

Insider Activity at Peoples Bancorp

In other news, Director David F. Dierker sold 1,000 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $30.36, for a total transaction of $30,360.00. Following the sale, the director now directly owns 10,330 shares of the company's stock, valued at $313,618.80. This represents a 8.83 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director S Craig Beam sold 4,000 shares of Peoples Bancorp stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $34.31, for a total value of $137,240.00. Following the completion of the transaction, the director now owns 23,760 shares of the company's stock, valued at approximately $815,205.60. This represents a 14.41 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,445 shares of company stock worth $424,166. 3.46% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on PEBO shares. Keefe, Bruyette & Woods increased their target price on Peoples Bancorp from $32.00 to $36.00 and gave the company a "market perform" rating in a research report on Wednesday, December 4th. Piper Sandler dropped their price objective on Peoples Bancorp from $39.00 to $36.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 23rd. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Peoples Bancorp presently has an average rating of "Hold" and an average target price of $34.25.

View Our Latest Report on PEBO

Peoples Bancorp Stock Performance

NASDAQ PEBO traded up $0.30 during trading hours on Monday, reaching $34.92. The stock had a trading volume of 81,365 shares, compared to its average volume of 125,553. Peoples Bancorp Inc. has a 52-week low of $26.74 and a 52-week high of $37.07. The stock has a fifty day moving average of $33.31 and a 200 day moving average of $31.41. 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 stock has a market cap of $1.24 billion, a P/E ratio of 9.95 and a beta of 0.77.

Peoples Bancorp (NASDAQ:PEBO - Get Free Report) last released its quarterly earnings data on Tuesday, October 22nd. The bank reported $0.89 earnings per share for the quarter, topping analysts' consensus estimates of $0.82 by $0.07. Peoples Bancorp had a net margin of 20.16% and a return on equity of 11.84%. The firm had revenue of $158.41 million for the quarter, compared to analyst estimates of $112.30 million. During the same quarter in the prior year, the business earned $1.06 earnings per share. Sell-side analysts predict that Peoples Bancorp Inc. will post 3.31 earnings per share for the current year.

Peoples Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Monday, November 4th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 4.58%. The ex-dividend date of this dividend was Monday, November 4th. Peoples Bancorp's dividend payout ratio (DPR) is 45.58%.

Peoples Bancorp Company Profile

(Free Report)

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.

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

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