Cornercap Investment Counsel Inc. raised its stake in Peoples Bancorp Inc. (NASDAQ:PEBO) by 9.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 46,390 shares of the bank’s stock after purchasing an additional 3,825 shares during the period. Cornercap Investment Counsel Inc. owned 0.25% of Peoples Bancorp worth $1,513,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Deutsche Bank AG increased its stake in Peoples Bancorp by 142.6% in the fourth quarter. Deutsche Bank AG now owns 39,725 shares of the bank’s stock valued at $1,293,000 after purchasing an additional 23,350 shares in the last quarter. Franklin Resources Inc. increased its stake in Peoples Bancorp by 15.4% in the fourth quarter. Franklin Resources Inc. now owns 988,988 shares of the bank’s stock valued at $32,261,000 after purchasing an additional 132,138 shares in the last quarter. Renaissance Technologies LLC increased its stake in Peoples Bancorp by 2.3% in the fourth quarter. Renaissance Technologies LLC now owns 320,479 shares of the bank’s stock valued at $10,454,000 after purchasing an additional 7,279 shares in the last quarter. Banc Funds Co. LLC increased its stake in Peoples Bancorp by 3.9% in the fourth quarter. Banc Funds Co. LLC now owns 568,141 shares of the bank’s stock valued at $18,533,000 after purchasing an additional 21,259 shares in the last quarter. Finally, Uncommon Cents Investing LLC bought a new stake in Peoples Bancorp in the fourth quarter valued at $739,000. 63.51% of the stock is owned by hedge funds and other institutional investors.
In related news, Director George W. Broughton sold 1,000 shares of the business’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $35.26, for a total transaction of $35,260.00. Following the transaction, the director now directly owns 160,750 shares in the company, valued at $5,668,045. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.04% of the stock is currently owned by insiders.
Peoples Bancorp Inc. (NASDAQ:PEBO) opened at $36.50 on Tuesday. Peoples Bancorp Inc. has a twelve month low of $29.55 and a twelve month high of $36.99. The firm has a market cap of $676.00, a PE ratio of 16.90, a P/E/G ratio of 2.07 and a beta of 0.75. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.31.
Peoples Bancorp (NASDAQ:PEBO) last released its quarterly earnings results on Tuesday, January 23rd. The bank reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.09. Peoples Bancorp had a net margin of 21.47% and a return on equity of 8.57%. The business had revenue of $42.24 million for the quarter, compared to analysts’ expectations of $41.90 million. analysts predict that Peoples Bancorp Inc. will post 2.22 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, February 20th. Investors of record on Monday, February 5th were issued a dividend of $0.26 per share. The ex-dividend date was Friday, February 2nd. This is a boost from Peoples Bancorp’s previous quarterly dividend of $0.22. This represents a $1.04 annualized dividend and a yield of 2.85%. Peoples Bancorp’s payout ratio is 48.15%.
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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. Peoples Investment Company has one subsidiary, Peoples Capital Corporation.
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