Peoples Bancorp Inc. (PEBO) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. raised its holdings in shares of Peoples Bancorp Inc. (NASDAQ:PEBO) by 4.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,659 shares of the bank’s stock after acquiring an additional 1,535 shares during the quarter. Victory Capital Management Inc. owned approximately 0.19% of Peoples Bancorp worth $1,081,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Parametric Portfolio Associates LLC grew its stake in shares of Peoples Bancorp by 1.3% in the 1st quarter. Parametric Portfolio Associates LLC now owns 15,961 shares of the bank’s stock valued at $505,000 after buying an additional 210 shares in the last quarter. American International Group Inc. grew its stake in shares of Peoples Bancorp by 7.1% in the 1st quarter. American International Group Inc. now owns 9,897 shares of the bank’s stock valued at $313,000 after buying an additional 659 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of Peoples Bancorp by 6.6% in the 1st quarter. Russell Investments Group Ltd. now owns 13,378 shares of the bank’s stock valued at $423,000 after buying an additional 834 shares in the last quarter. California Public Employees Retirement System grew its stake in shares of Peoples Bancorp by 1.8% in the 1st quarter. California Public Employees Retirement System now owns 56,100 shares of the bank’s stock valued at $1,776,000 after buying an additional 1,000 shares in the last quarter. Finally, Foundry Partners LLC grew its stake in shares of Peoples Bancorp by 0.9% in the 2nd quarter. Foundry Partners LLC now owns 215,385 shares of the bank’s stock valued at $6,920,000 after buying an additional 1,900 shares in the last quarter. 62.56% of the stock is currently owned by institutional investors.

Shares of Peoples Bancorp Inc. (PEBO) opened at 32.01 on Friday. Peoples Bancorp Inc. has a 52 week low of $24.02 and a 52 week high of $35.43. The company has a 50 day moving average price of $31.13 and a 200 day moving average price of $31.90. The company has a market cap of $576.69 million, a PE ratio of 17.30 and a beta of 0.77.

Peoples Bancorp (NASDAQ:PEBO) last announced its earnings results on Tuesday, July 25th. The bank reported $0.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.07. Peoples Bancorp had a return on equity of 7.63% and a net margin of 19.67%. The business had revenue of $41.68 million for the quarter, compared to analyst estimates of $40.81 million. On average, equities analysts expect that Peoples Bancorp Inc. will post $2.03 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, August 18th. Investors of record on Friday, August 4th were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date was Wednesday, August 2nd. This is a positive change from Peoples Bancorp’s previous quarterly dividend of $0.20. Peoples Bancorp’s dividend payout ratio (DPR) is currently 47.57%.

Several equities research analysts recently commented on the company. Keefe, Bruyette & Woods reissued a “neutral” rating on shares of Peoples Bancorp in a research note on Tuesday, July 25th. ValuEngine raised Peoples Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Zacks Investment Research raised Peoples Bancorp from a “hold” rating to a “strong-buy” rating and set a $38.00 price target for the company in a research note on Friday, July 28th. BidaskClub cut Peoples Bancorp from a “hold” rating to a “sell” rating in a research note on Sunday, July 16th. Finally, Boenning Scattergood reissued a “hold” rating on shares of Peoples Bancorp in a research note on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $34.33.

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Peoples Bancorp Profile

Peoples Bancorp Inc is a financial holding company. The Company operates principally through its subsidiary, Peoples Bank. Peoples Bank’s operating subsidiaries include Peoples Insurance Agency, LLC (Peoples Insurance) and two asset management companies, PBNA, LLC. and Peoples Tax Credit Equity, LLC.

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

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