Victory Capital Management Inc. Acquires 1,050 Shares of Peoples Bancorp Inc. (NASDAQ:PEBO)

Victory Capital Management Inc. boosted its holdings in Peoples Bancorp Inc. (NASDAQ:PEBO) by 3.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,050 shares of the bank’s stock after purchasing an additional 1,050 shares during the period. Victory Capital Management Inc. owned about 0.10% of Peoples Bancorp worth $1,052,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in PEBO. Charles Schwab Investment Management Inc. boosted its stake in shares of Peoples Bancorp by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 265,064 shares of the bank’s stock worth $8,949,000 after buying an additional 6,824 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings 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. Principal Financial Group Inc. boosted its position in Peoples Bancorp by 15.1% during the fourth quarter. Principal Financial Group Inc. now owns 13,391 shares of the bank’s stock valued at $452,000 after purchasing an additional 1,759 shares during the last quarter. D.A. Davidson & CO. grew its stake in Peoples Bancorp by 3.7% in the fourth 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. Finally, Franklin Resources Inc. increased its position in shares of Peoples Bancorp by 13.3% during the 4th quarter. Franklin Resources Inc. now owns 1,815,196 shares of the bank’s stock worth $61,281,000 after purchasing an additional 213,264 shares during the last quarter. Institutional investors own 60.68% of the company’s stock.

Peoples Bancorp Trading Down 5.5 %

Shares of Peoples Bancorp stock opened at $30.56 on Friday. The stock has a market cap of $1.09 billion, a P/E ratio of 9.15 and a beta of 0.75. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.22. Peoples Bancorp Inc. has a 12-month low of $24.84 and a 12-month high of $34.85. The business’s 50 day moving average is $31.35 and its 200-day moving average is $29.77.

Peoples Bancorp (NASDAQ:PEBO) last posted its quarterly earnings results on Tuesday, July 23rd. The bank reported $0.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.01). Peoples Bancorp had a return on equity of 12.76% and a net margin of 20.58%. The firm had revenue of $154.47 million for the quarter, compared to the consensus estimate of $111.30 million. During the same period last year, the company posted $0.83 earnings per share. Equities research analysts predict that Peoples Bancorp Inc. will post 3.28 earnings per share for the current fiscal year.

Peoples Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 19th. Investors of record on Monday, August 5th were paid a $0.40 dividend. The ex-dividend date was Monday, August 5th. This represents a $1.60 annualized dividend and a yield of 5.24%. Peoples Bancorp’s dividend payout ratio (DPR) is currently 47.90%.

Insider Buying and Selling

In other Peoples Bancorp news, Director Carol A. Schneeberger sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $30.33, for a total value of $30,330.00. Following the sale, the director now owns 29,963 shares in the company, valued at $908,777.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Peoples Bancorp news, Director Carol A. Schneeberger sold 1,000 shares of Peoples Bancorp stock in a transaction on Monday, September 9th. The shares were sold at an average price of $30.33, for a total transaction of $30,330.00. Following the completion of the transaction, the director now directly owns 29,963 shares of the company’s stock, valued at $908,777.79. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director David F. Dierker sold 4,000 shares of the company’s stock in a transaction 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 transaction, the director now owns 13,330 shares in the company, valued at $427,493.10. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,617 shares of company stock worth $178,854. Company insiders own 3.46% of the company’s stock.

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.