Peoples Bancorp Inc. (PEBO) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. decreased its position in Peoples Bancorp Inc. (NASDAQ:PEBO) by 5.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 89,200 shares of the bank’s stock after selling 5,191 shares during the period. JPMorgan Chase & Co. owned approximately 0.49% of Peoples Bancorp worth $3,030,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Foundry Partners LLC raised its stake in Peoples Bancorp by 5.6% in the 3rd quarter. Foundry Partners LLC now owns 227,360 shares of the bank’s stock worth $7,637,000 after acquiring an additional 11,975 shares during the last quarter. State Street Corp raised its stake in Peoples Bancorp by 32.5% in the 2nd quarter. State Street Corp now owns 403,950 shares of the bank’s stock worth $12,976,000 after acquiring an additional 99,066 shares during the last quarter. Vanguard Group Inc. raised its stake in Peoples Bancorp by 8.5% in the 2nd quarter. Vanguard Group Inc. now owns 739,754 shares of the bank’s stock worth $23,768,000 after acquiring an additional 58,021 shares during the last quarter. Prudential Financial Inc. raised its stake in Peoples Bancorp by 23.6% in the 2nd quarter. Prudential Financial Inc. now owns 16,934 shares of the bank’s stock worth $544,000 after acquiring an additional 3,230 shares during the last quarter. Finally, Nationwide Fund Advisors raised its stake in shares of Peoples Bancorp by 40.6% during the 3rd quarter. Nationwide Fund Advisors now owns 58,312 shares of the bank’s stock valued at $1,959,000 after buying an additional 16,825 shares during the last quarter. Institutional investors own 63.50% of the company’s stock.

A number of research firms have weighed in on PEBO. Zacks Investment Research lowered Peoples Bancorp from a “buy” rating to a “hold” rating in a research note on Friday. BidaskClub lowered Peoples Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $34.00 price objective on shares of Peoples Bancorp in a research note on Tuesday, October 3rd. Finally, Boenning Scattergood reiterated a “hold” rating on shares of Peoples Bancorp in a research note on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $34.67.

Peoples Bancorp Inc. (PEBO) opened at $33.19 on Friday. The firm has a market capitalization of $602.54, a PE ratio of 16.43, a price-to-earnings-growth ratio of 2.18 and a beta of 0.73. Peoples Bancorp Inc. has a 52 week low of $29.55 and a 52 week high of $35.43. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.82 and a current ratio of 0.82.

Peoples Bancorp (NASDAQ:PEBO) last released its quarterly earnings data on Tuesday, October 24th. The bank reported $0.60 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.09. The business had revenue of $41.83 million during the quarter, compared to analyst estimates of $41.96 million. Peoples Bancorp had a return on equity of 7.99% and a net margin of 21.10%. equities research analysts expect that Peoples Bancorp Inc. will post 2.1 earnings per share for the current fiscal year.

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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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