Future Financial Wealth Managment LLC Takes Position in Peoples Bancorp Inc. (NASDAQ:PEBO)

Future Financial Wealth Managment LLC purchased a new position in Peoples Bancorp Inc. (NASDAQ:PEBO) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,980 shares of the bank’s stock, valued at approximately $118,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of PEBO. Brown Advisory Inc. increased its stake in shares of Peoples Bancorp by 160.6% in the 4th quarter. Brown Advisory Inc. now owns 552,649 shares of the bank’s stock valued at $18,657,000 after purchasing an additional 340,566 shares during the last quarter. Franklin Resources Inc. grew its position in Peoples Bancorp by 13.3% in the fourth quarter. Franklin Resources Inc. now owns 1,815,196 shares of the bank’s stock valued at $61,281,000 after acquiring an additional 213,264 shares during the last quarter. Federated Hermes Inc. grew its position in Peoples Bancorp by 220.5% in the fourth quarter. Federated Hermes Inc. now owns 76,995 shares of the bank’s stock valued at $2,599,000 after acquiring an additional 52,972 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Peoples Bancorp by 2.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,412,411 shares of the bank’s stock worth $81,444,000 after acquiring an additional 51,087 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Peoples Bancorp by 15.0% in the third quarter. American Century Companies Inc. now owns 273,435 shares of the bank’s stock worth $6,940,000 after acquiring an additional 35,603 shares during the last quarter. Institutional investors and hedge funds own 60.68% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $33.00 price objective (down from $36.00) on shares of Peoples Bancorp in a research report on Wednesday, April 24th. Hovde Group began coverage on shares of Peoples Bancorp in a report on Monday, April 1st. They set a “market perform” rating and a $31.00 price target for the company. Stephens reissued an “equal weight” rating and set a $34.00 price objective on shares of Peoples Bancorp in a report on Wednesday, April 24th. Finally, StockNews.com upgraded Peoples Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, April 27th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Peoples Bancorp currently has a consensus rating of “Hold” and an average price target of $33.00.

Peoples Bancorp Price Performance

PEBO stock opened at $29.40 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.82 and a current ratio of 0.82. Peoples Bancorp Inc. has a 52-week low of $24.84 and a 52-week high of $34.85. The company has a market capitalization of $1.04 billion, a P/E ratio of 8.80 and a beta of 0.76. The company has a fifty day moving average price of $29.33 and a 200-day moving average price of $29.67.

Peoples Bancorp (NASDAQ:PEBO) last announced its earnings results on Tuesday, April 23rd. The bank reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.04. Peoples Bancorp had a return on equity of 12.78% and a net margin of 20.17%. The business had revenue of $112.82 million during the quarter, compared to analyst estimates of $111.41 million. As a group, equities analysts expect that Peoples Bancorp Inc. will post 3.44 EPS for the current year.

Peoples Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, May 20th. Investors of record on Monday, May 6th were issued a $0.40 dividend. The ex-dividend date was Friday, May 3rd. This is a boost from Peoples Bancorp’s previous quarterly dividend of $0.39. This represents a $1.60 annualized dividend and a yield of 5.44%. Peoples Bancorp’s dividend payout ratio is presently 47.90%.

Insider Buying and Selling at Peoples Bancorp

In other news, CEO Tyler J. Wilcox sold 8,621 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $29.01, for a total value of $250,095.21. Following the transaction, the chief executive officer now owns 40,231 shares in the company, valued at approximately $1,167,101.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders sold 9,344 shares of company stock valued at $271,436. 3.46% of the stock is currently owned by company insiders.

Peoples Bancorp Company Profile

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.