Peoples Bancorp Inc. (PEBO) Holdings Raised by Bank of America Corp DE

Bank of America Corp DE boosted its stake in shares of Peoples Bancorp Inc. (NASDAQ:PEBO) by 6.9% in the second quarter, HoldingsChannel.com reports. The firm owned 50,739 shares of the bank’s stock after acquiring an additional 3,280 shares during the period. Bank of America Corp DE’s holdings in Peoples Bancorp were worth $1,918,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the business. UBS Group AG boosted its position in Peoples Bancorp by 26.8% during the first quarter. UBS Group AG now owns 6,908 shares of the bank’s stock worth $245,000 after purchasing an additional 1,460 shares during the period. Rhumbline Advisers boosted its position in Peoples Bancorp by 9.3% during the second quarter. Rhumbline Advisers now owns 17,467 shares of the bank’s stock worth $660,000 after purchasing an additional 1,490 shares during the period. Globeflex Capital L P boosted its position in Peoples Bancorp by 12.0% during the second quarter. Globeflex Capital L P now owns 14,900 shares of the bank’s stock worth $563,000 after purchasing an additional 1,600 shares during the period. Martingale Asset Management L P boosted its position in Peoples Bancorp by 1.5% during the second quarter. Martingale Asset Management L P now owns 105,767 shares of the bank’s stock worth $3,996,000 after purchasing an additional 1,603 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in Peoples Bancorp by 1.5% during the second quarter. Bank of New York Mellon Corp now owns 118,476 shares of the bank’s stock worth $4,476,000 after purchasing an additional 1,741 shares during the period. 61.57% of the stock is owned by hedge funds and other institutional investors.

In other news, Director George W. Broughton sold 4,366 shares of the stock in a transaction that occurred on Friday, November 2nd. The stock was sold at an average price of $34.07, for a total value of $148,749.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 3.03% of the stock is currently owned by corporate insiders.

PEBO opened at $34.54 on Friday. Peoples Bancorp Inc. has a 1-year low of $30.84 and a 1-year high of $39.58. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.82 and a quick ratio of 0.82. The company has a market capitalization of $681.79 million, a PE ratio of 15.15, a price-to-earnings-growth ratio of 1.66 and a beta of 0.62.

Peoples Bancorp (NASDAQ:PEBO) last posted its quarterly earnings data on Tuesday, October 23rd. The bank reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.03. Peoples Bancorp had a return on equity of 9.80% and a net margin of 20.72%. The company had revenue of $47.68 million during the quarter, compared to analysts’ expectations of $47.46 million. As a group, sell-side analysts predict that Peoples Bancorp Inc. will post 2.63 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 19th. Stockholders of record on Monday, November 5th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.47%. This is a boost from Peoples Bancorp’s previous quarterly dividend of $0.28. The ex-dividend date is Friday, November 2nd. Peoples Bancorp’s dividend payout ratio is currently 52.63%.

A number of equities research analysts have issued reports on PEBO shares. ValuEngine cut Peoples Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd. BidaskClub raised Peoples Bancorp from a “hold” rating to a “buy” rating in a research report on Saturday, September 8th. Hovde Group set a $40.00 target price on Peoples Bancorp and gave the stock a “hold” rating in a research report on Wednesday, July 25th. Zacks Investment Research cut Peoples Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, July 31st. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of Peoples Bancorp in a research report on Tuesday, October 23rd. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Peoples Bancorp currently has an average rating of “Hold” and an average price target of $38.00.

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

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