Federated Investors Inc. PA decreased its holdings in Peoples Bancorp Inc. (NASDAQ:PEBO) by 17.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,165 shares of the bank’s stock after selling 4,364 shares during the quarter. Federated Investors Inc. PA owned 0.12% of Peoples Bancorp worth $680,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of PEBO. JPMorgan Chase & Co. raised its stake in Peoples Bancorp by 259.4% in the 1st quarter. JPMorgan Chase & Co. now owns 99,953 shares of the bank’s stock worth $3,165,000 after purchasing an additional 72,141 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Peoples Bancorp by 4.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,265,231 shares of the bank’s stock worth $40,057,000 after purchasing an additional 49,458 shares in the last quarter. Renaissance Technologies LLC raised its stake in Peoples Bancorp by 14.6% in the 1st quarter. Renaissance Technologies LLC now owns 273,000 shares of the bank’s stock worth $8,643,000 after purchasing an additional 34,700 shares in the last quarter. First Trust Advisors LP raised its stake in Peoples Bancorp by 59.2% in the 1st quarter. First Trust Advisors LP now owns 81,347 shares of the bank’s stock worth $2,575,000 after purchasing an additional 30,243 shares in the last quarter. Finally, Thrivent Financial For Lutherans acquired a new stake in Peoples Bancorp in the 1st quarter worth about $711,000. Institutional investors and hedge funds own 62.56% of the company’s stock.
Several brokerages have weighed in on PEBO. Keefe, Bruyette & Woods reiterated a “neutral” rating on shares of Peoples Bancorp in a research note on Tuesday, July 25th. Boenning Scattergood reiterated a “hold” rating on shares of Peoples Bancorp in a research note on Wednesday, July 26th. BidaskClub cut shares of Peoples Bancorp from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Zacks Investment Research upgraded shares of Peoples Bancorp from a “hold” rating to a “strong-buy” rating and set a $38.00 price objective for the company in a research note on Friday, July 28th. Finally, ValuEngine upgraded shares of Peoples Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $34.33.
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Peoples Bancorp Inc. (NASDAQ:PEBO) opened at 32.02 on Tuesday. Peoples Bancorp Inc. has a 12-month low of $24.02 and a 12-month high of $35.43. The firm has a 50-day moving average of $31.12 and a 200 day moving average of $31.88. The company has a market capitalization of $576.87 million, a price-to-earnings ratio of 17.31 and a beta of 0.77.
Peoples Bancorp (NASDAQ:PEBO) last issued its earnings results on Tuesday, July 25th. The bank reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.07. The firm had revenue of $41.68 million during the quarter, compared to analyst estimates of $40.81 million. Peoples Bancorp had a net margin of 19.67% and a return on equity of 7.63%. Analysts expect that Peoples Bancorp Inc. will post $2.03 EPS for the current fiscal year.
About Peoples Bancorp
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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