Peoples Bank OH lowered its holdings in Peoples Bancorp Inc. (NASDAQ:PEBO) by 1.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,082,853 shares of the bank’s stock after selling 14,474 shares during the quarter. Peoples Bancorp comprises about 22.1% of Peoples Bank OH’s investment portfolio, making the stock its largest position. Peoples Bank OH owned 5.23% of Peoples Bancorp worth $34,933,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. BNP Paribas Arbitrage SA lifted its stake in shares of Peoples Bancorp by 438.7% during the first quarter. BNP Paribas Arbitrage SA now owns 3,685 shares of the bank’s stock valued at $114,000 after acquiring an additional 3,001 shares during the period. SG Americas Securities LLC acquired a new position in shares of Peoples Bancorp during the first quarter valued at $152,000. Eidelman Virant Capital acquired a new position in shares of Peoples Bancorp during the second quarter valued at $282,000. WINTON GROUP Ltd lifted its stake in shares of Peoples Bancorp by 70.0% during the second quarter. WINTON GROUP Ltd now owns 11,637 shares of the bank’s stock valued at $375,000 after acquiring an additional 4,793 shares during the period. Finally, Acadian Asset Management LLC lifted its stake in shares of Peoples Bancorp by 275.5% during the first quarter. Acadian Asset Management LLC now owns 12,694 shares of the bank’s stock valued at $393,000 after acquiring an additional 9,313 shares during the period. 57.83% of the stock is currently owned by institutional investors.
In other Peoples Bancorp news, Director George W. Broughton sold 6,072 shares of the stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $32.34, for a total value of $196,368.48. Following the transaction, the director now owns 134,325 shares of the company’s stock, valued at $4,344,070.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.89% of the company’s stock.
Peoples Bancorp (NASDAQ:PEBO) last released its earnings results on Tuesday, July 23rd. The bank reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.07. Peoples Bancorp had a return on equity of 10.65% and a net margin of 22.61%. The firm had revenue of $51.34 million for the quarter, compared to analyst estimates of $51.14 million. As a group, equities research analysts expect that Peoples Bancorp Inc. will post 2.8 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, August 19th. Shareholders of record on Monday, August 5th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 4.51%. The ex-dividend date of this dividend was Friday, August 2nd. Peoples Bancorp’s payout ratio is 51.52%.
Several equities analysts have recently issued reports on the company. BidaskClub lowered Peoples Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday. Boenning Scattergood reaffirmed a “hold” rating on shares of Peoples Bancorp in a research note on Wednesday, May 1st. Finally, Zacks Investment Research lowered Peoples Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, August 9th.
Peoples Bancorp Profile
Peoples Bancorp Inc operates as the holding company for Peoples Bank that provides commercial and retail banking products and services. The company accepts various deposit products, including demand deposit accounts, savings accounts, money market accounts, and certificates of deposit; and provides commercial real estate construction loans, other commercial real estate loans, commercial and industrial loans, residential real estate loans, home equity lines of credit, and indirect and other consumer loans.
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