Peoples Bancorp Inc. (NASDAQ:PEBO) Stake Lessened by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lowered its holdings in Peoples Bancorp Inc. (NASDAQ:PEBO) by 0.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 292,657 shares of the bank’s stock after selling 2,546 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.82% of Peoples Bancorp worth $9,274,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. State Street Corp lifted its holdings in shares of Peoples Bancorp by 1.4% in the third quarter. State Street Corp now owns 1,027,413 shares of the bank’s stock valued at $30,915,000 after purchasing an additional 14,426 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Peoples Bancorp by 2.7% during the third quarter. Geode Capital Management LLC now owns 850,654 shares of the bank’s stock worth $25,601,000 after acquiring an additional 22,285 shares in the last quarter. Peoples Bank OH raised its holdings in shares of Peoples Bancorp by 1.1% during the fourth quarter. Peoples Bank OH now owns 590,905 shares of the bank’s stock worth $18,726,000 after acquiring an additional 6,250 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Peoples Bancorp by 153.6% during the third quarter. Wellington Management Group LLP now owns 352,488 shares of the bank’s stock worth $10,606,000 after acquiring an additional 213,488 shares in the last quarter. Finally, Empowered Funds LLC raised its holdings in shares of Peoples Bancorp by 5.1% during the fourth quarter. Empowered Funds LLC now owns 143,286 shares of the bank’s stock worth $4,541,000 after acquiring an additional 6,938 shares in the last quarter. Hedge funds and other institutional investors own 60.68% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Keefe, Bruyette & Woods increased their price objective on Peoples Bancorp from $32.00 to $36.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Stephens reiterated an “equal weight” rating and set a $37.50 price objective on shares of Peoples Bancorp in a report on Wednesday, January 22nd. Piper Sandler increased their price objective on Peoples Bancorp from $39.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Finally, DA Davidson cut their price objective on Peoples Bancorp from $42.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, January 22nd. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Peoples Bancorp currently has an average rating of “Hold” and a consensus target price of $36.90.

Insider Activity

In other news, Director Carol A. Schneeberger sold 1,000 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $32.83, for a total value of $32,830.00. Following the sale, the director now directly owns 26,686 shares of the company’s stock, valued at approximately $876,101.38. This trade represents a 3.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders have sold 3,000 shares of company stock valued at $94,050. 3.41% of the stock is owned by insiders.

Peoples Bancorp Trading Down 0.2 %

Peoples Bancorp stock opened at $29.73 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.83 and a quick ratio of 0.83. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of 8.98 and a beta of 0.75. Peoples Bancorp Inc. has a one year low of $27.10 and a one year high of $37.07. The company’s fifty day moving average price is $31.63 and its two-hundred day moving average price is $32.01.

Peoples Bancorp (NASDAQ:PEBO) last posted its earnings results on Tuesday, January 21st. The bank reported $0.76 EPS for the quarter, topping the consensus estimate of $0.75 by $0.01. Peoples Bancorp had a net margin of 18.90% and a return on equity of 11.07%. During the same quarter in the prior year, the business earned $1.04 EPS. On average, analysts forecast that Peoples Bancorp Inc. will post 3.28 earnings per share for the current fiscal year.

Peoples Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 5.38%. The ex-dividend date was Monday, February 3rd. Peoples Bancorp’s dividend payout ratio is currently 48.34%.

Peoples Bancorp 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.