Peoples Bancorp Inc. (NASDAQ:PEBO) Shares Acquired by Rhumbline Advisers

Rhumbline Advisers lifted its position in shares of Peoples Bancorp Inc. (NASDAQ:PEBO) by 5.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 65,803 shares of the bank’s stock after buying an additional 3,376 shares during the period. Rhumbline Advisers owned approximately 0.19% of Peoples Bancorp worth $1,974,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in PEBO. Shoker Investment Counsel Inc. increased its holdings in Peoples Bancorp by 1.2% in the 2nd quarter. Shoker Investment Counsel Inc. now owns 30,789 shares of the bank’s stock valued at $924,000 after purchasing an additional 356 shares in the last quarter. D.A. Davidson & CO. increased its holdings in Peoples Bancorp by 3.7% in the 4th quarter. D.A. Davidson & CO. now owns 11,988 shares of the bank’s stock valued at $405,000 after purchasing an additional 433 shares in the last quarter. nVerses Capital LLC acquired a new stake in Peoples Bancorp in the 2nd quarter valued at $27,000. Wedge Capital Management L L P NC increased its holdings in Peoples Bancorp by 4.1% in the 2nd quarter. Wedge Capital Management L L P NC now owns 24,567 shares of the bank’s stock valued at $737,000 after purchasing an additional 960 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in Peoples Bancorp by 7.5% in the 2nd quarter. Principal Financial Group Inc. now owns 18,112 shares of the bank’s stock valued at $543,000 after purchasing an additional 1,268 shares in the last quarter. 60.68% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director David F. Dierker sold 4,000 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $32.07, for a total transaction of $128,280.00. Following the transaction, the director now owns 13,330 shares of the company’s stock, valued at $427,493.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Peoples Bancorp news, Director Carol A. Schneeberger sold 1,000 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $30.33, for a total value of $30,330.00. Following the transaction, the director now owns 29,963 shares of the company’s stock, valued at $908,777.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David F. Dierker sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $32.07, for a total transaction of $128,280.00. Following the completion of the sale, the director now owns 13,330 shares in the company, valued at approximately $427,493.10. The disclosure for this sale can be found here. Insiders sold 5,617 shares of company stock worth $178,854 over the last ninety days. Corporate insiders own 3.46% of the company’s stock.

Peoples Bancorp Stock Up 3.9 %

Shares of NASDAQ PEBO opened at $32.34 on Friday. Peoples Bancorp Inc. has a 12-month low of $24.84 and a 12-month high of $34.85. The company has a market cap of $1.15 billion, a P/E ratio of 9.56 and a beta of 0.75. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.22. The stock has a fifty day moving average price of $31.33 and a 200 day moving average price of $29.75.

Peoples Bancorp (NASDAQ:PEBO) last announced its earnings results on Tuesday, July 23rd. The bank reported $0.84 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.01). The business had revenue of $154.47 million for the quarter, compared to analyst estimates of $111.30 million. Peoples Bancorp had a net margin of 20.58% and a return on equity of 12.76%. During the same quarter in the prior year, the business earned $0.83 earnings per share. Research analysts anticipate that Peoples Bancorp Inc. will post 3.28 EPS for the current fiscal year.

Peoples Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 19th. Stockholders of record on Monday, August 5th were paid a dividend of $0.40 per share. The ex-dividend date was Monday, August 5th. This represents a $1.60 annualized dividend and a dividend yield of 4.95%. Peoples Bancorp’s dividend payout ratio is presently 47.90%.

About Peoples Bancorp

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.