Wellington Management Group LLP Has $14.32 Million Stock Position in Peoples Bancorp Inc. (NASDAQ:PEBO)

Wellington Management Group LLP raised its stake in Peoples Bancorp Inc. (NASDAQ:PEBO - Free Report) by 28.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 451,788 shares of the bank's stock after buying an additional 99,300 shares during the period. Wellington Management Group LLP owned approximately 1.27% of Peoples Bancorp worth $14,317,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. US Bancorp DE boosted its position in shares of Peoples Bancorp by 172.8% in the fourth quarter. US Bancorp DE now owns 1,094 shares of the bank's stock worth $35,000 after buying an additional 693 shares during the period. FMR LLC lifted its position in shares of Peoples Bancorp by 42.0% in the third quarter. FMR LLC now owns 1,252 shares of the bank's stock worth $38,000 after purchasing an additional 370 shares in the last quarter. Spire Wealth Management purchased a new position in Peoples Bancorp during the fourth quarter valued at approximately $43,000. KLP Kapitalforvaltning AS acquired a new position in Peoples Bancorp in the 4th quarter valued at approximately $241,000. Finally, Virtu Financial LLC purchased a new stake in Peoples Bancorp in the 4th quarter worth approximately $243,000. 60.68% of the stock is owned by institutional investors.

Insider Activity at Peoples Bancorp

In other news, Director Carol A. Schneeberger sold 1,000 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $30.20, for a total value of $30,200.00. Following the transaction, the director now owns 25,686 shares of the company's stock, valued at $775,717.20. This represents a 3.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.41% of the stock is currently owned by company insiders.

Peoples Bancorp Stock Performance

Peoples Bancorp stock traded up $0.05 during mid-day trading on Monday, reaching $26.90. The company had a trading volume of 6,089 shares, compared to its average volume of 130,684. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.21. The company has a 50 day moving average of $30.45 and a 200-day moving average of $31.78. Peoples Bancorp Inc. has a 52 week low of $26.21 and a 52 week high of $37.07. The firm has a market cap of $959.34 million, a price-to-earnings ratio of 8.13 and a beta of 0.63.

Peoples Bancorp (NASDAQ:PEBO - Get Free Report) last posted its 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 in the prior year, the firm posted $1.04 earnings per share. On average, sell-side analysts expect that Peoples Bancorp Inc. will post 3.28 EPS for the current fiscal year.

Peoples Bancorp Dividend Announcement

The business 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. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.95%. The ex-dividend date was Monday, February 3rd. Peoples Bancorp's dividend payout ratio is presently 48.34%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Piper Sandler increased their price objective on Peoples Bancorp from $39.00 to $40.00 and gave the stock an "overweight" rating in a report on Wednesday, January 22nd. DA Davidson dropped their price objective on Peoples Bancorp from $42.00 to $40.00 and set a "buy" rating on the stock in a report on Wednesday, January 22nd. Finally, Stephens reissued an "equal weight" rating and issued a $37.50 target price on shares of Peoples Bancorp in a research report on Wednesday, January 22nd. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $38.38.

About Peoples Bancorp

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.