Federated Hermes Inc. Buys 9,441 Shares of Peoples Bancorp Inc. (NASDAQ:PEBO)

Federated Hermes Inc. boosted its stake in Peoples Bancorp Inc. (NASDAQ:PEBO) by 14.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,718 shares of the bank’s stock after acquiring an additional 9,441 shares during the quarter. Federated Hermes Inc. owned 0.21% of Peoples Bancorp worth $2,242,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PEBO. Franklin Resources Inc. boosted its position in 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 acquiring an additional 213,264 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Peoples Bancorp by 26.7% in the second quarter. American Century Companies Inc. now owns 586,015 shares of the bank’s stock worth $17,580,000 after purchasing an additional 123,423 shares in the last quarter. Dimensional Fund Advisors LP boosted 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 purchasing an additional 51,087 shares during the last quarter. Pathway Financial Advisers LLC bought a new position in Peoples Bancorp in the first quarter valued at $1,011,000. Finally, Hantz Financial Services Inc. acquired a new stake in Peoples Bancorp in the 2nd quarter valued at $981,000. 60.68% of the stock is owned by institutional investors and hedge funds.

Peoples Bancorp Stock Performance

PEBO opened at $30.56 on Friday. The firm has a market capitalization of $1.09 billion, a PE ratio of 9.15 and a beta of 0.75. 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 business’s 50-day simple moving average is $31.35 and its 200 day simple moving average is $29.77.

Peoples Bancorp (NASDAQ:PEBO) last released its quarterly earnings data on Tuesday, July 23rd. The bank reported $0.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.01). The business had revenue of $154.47 million during 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 period in the previous year, the business earned $0.83 earnings per share. As a group, sell-side analysts expect that Peoples Bancorp Inc. will post 3.28 earnings per share for the current fiscal year.

Peoples Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 19th. Shareholders of record on Monday, August 5th were issued a $0.40 dividend. The ex-dividend date of this dividend was Monday, August 5th. This represents a $1.60 annualized dividend and a dividend yield of 5.24%. Peoples Bancorp’s dividend payout ratio is currently 47.90%.

Insider Buying and Selling at Peoples Bancorp

In other 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 transaction of $30,330.00. Following the completion of the sale, the director now owns 29,963 shares in the company, valued at approximately $908,777.79. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director Carol A. Schneeberger sold 1,000 shares of the business’s stock in a transaction 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 completion of the sale, the director now directly owns 29,963 shares in the company, valued at approximately $908,777.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David F. Dierker sold 4,000 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $32.07, for a total value of $128,280.00. Following the transaction, 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 have sold a total of 5,617 shares of company stock worth $178,854 over the last ninety days. Insiders own 3.46% of the company’s stock.

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.