1 week Ago By Defense World Staff
KLP Kapitalforvaltning AS purchased a new stake in shares of Peoples Bancorp Inc. (NASDAQ:PEBO – Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 7,600 shares of the bank’s stock, valued at approximately $241,000.
Other large investors have also recently made changes to their positions in the company. State Street Corp boosted its holdings in Peoples Bancorp by 1.4% during the 3rd quarter.
State Street Corp now owns 1,027,413 shares of the bank’s stock valued at $30,915,000 after acquiring an additional 14,426 shares during the period. Geode Capital Management LLC boosted its position in shares of Peoples Bancorp by 2.7% during the third quarter.
Geode Capital Management LLC now owns 850,654 shares of the bank’s stock valued at $25,601,000 after purchasing an additional 22,285 shares in the last quarter. American Century Companies Inc. grew its position in shares of Peoples Bancorp by 11.
8% in the 4th quarter. American Century Companies Inc. now owns 758,215 shares of the bank’s stock worth $24,028,000 after buying an additional 79,818 shares during the period.
Peoples Bank OH grew its holdings in Peoples Bancorp by 1.1% in the fourth quarter. Peoples Bank OH now owns 590,905 shares of the bank’s stock worth $18,726,000 after purchasing an additional 6,250 shares during the period.
Finally, Wellington Management Group LLP increased its position in Peoples Bancorp by 153.6% during the 3rd quarter. Wellington Management Group LLP now owns 352,488 shares of the bank’s stock valued at $10,606,000 after buying an additional 213,488 shares in the last quarter.
60.68% of the stock is owned by hedge funds and other institutional investors. Insider Buying and Selling at Peoples BancorpIn related news, Director Carol A.
Schneeberger sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $32.83, for a total value of $32,830.
00. Following the transaction, the director now directly owns 26,686 shares of the company’s stock, valued at approximately $876,101.38.
The trade was a 3.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Insiders have sold a total of 3,000 shares of company stock valued at $94,050 over the last ninety days. 3.41% of the stock is currently owned by company insiders.
Peoples Bancorp Price PerformanceNASDAQ PEBO opened at $27.25 on Tuesday. The business’s fifty day moving average is $31.
08 and its 200 day moving average is $31.90. Peoples Bancorp Inc.
has a fifty-two week low of $26.21 and a fifty-two week high of $37.07.
The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.83 and a current ratio of 0.
83. The company has a market capitalization of $972.01 million, a PE ratio of 8.
23 and a beta of 0.63. Peoples Bancorp (NASDAQ:PEBO – Get Free Report) last released its earnings results on Tuesday, January 21st.
The bank reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.
01. Peoples Bancorp had a net margin of 18.90% and a return on equity of 11.
07%. During the same period last year, the business posted $1.04 earnings per share.
Sell-side analysts predict that Peoples Bancorp Inc. will post 3.28 earnings per share for the current year.
Peoples Bancorp Announces DividendThe company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were issued a $0.40 dividend.
This represents a $1.60 annualized dividend and a yield of 5.87%.
The ex-dividend date of this dividend was Monday, February 3rd. Peoples Bancorp’s dividend payout ratio is currently 48.34%.
Analysts Set New Price TargetsA number of research firms have commented on PEBO. Stephens reissued an “equal weight” rating and issued a $37.50 target price on shares of Peoples Bancorp in a report on Wednesday, January 22nd.
Piper Sandler increased their target price on Peoples Bancorp from $39.00 to $40.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd.
Finally, DA Davidson cut their price target on Peoples Bancorp from $42.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday, January 22nd.
Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $38.38.
Check Out Our Latest Report on Peoples BancorpPeoples Bancorp Company Profile (Free Report)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.Recommended StoriesFive stocks we like better than Peoples BancorpWhat is the Nikkei 225 index? Options Activity Points to More Volatility for Palantir StockUptrend Stocks Explained: Learn How to Trade Using UptrendsNVIDIA Stock: Oversold, Undervalued — How Low Can It Go?High Dividend REITs: Are They an Ideal Way to Diversify?MicroStrategy Sees Insider Buy-Sell Action in Q1.
