Buckingham Capital Management Inc. Sells 4,920 Shares of Peoples Bancorp Inc. (NASDAQ:PEBO)

Buckingham Capital Management Inc. lowered its stake in shares of Peoples Bancorp Inc. (NASDAQ:PEBO) by 36.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 8,469 shares of the bank’s stock after selling 4,920 shares during the quarter. Buckingham Capital Management Inc.’s holdings in Peoples Bancorp were worth $268,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. State Street Corp boosted its holdings in shares of Peoples Bancorp by 1.4% during the 3rd 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 during the last quarter. Geode Capital Management LLC lifted its position in shares of Peoples Bancorp by 2.7% in the third quarter. Geode Capital Management LLC now owns 850,654 shares of the bank’s stock worth $25,601,000 after buying an additional 22,285 shares in the last quarter. Wellington Management Group LLP boosted its stake in Peoples Bancorp by 153.6% during the third quarter. Wellington Management Group LLP now owns 352,488 shares of the bank’s stock valued at $10,606,000 after buying an additional 213,488 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Peoples Bancorp by 1.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 295,203 shares of the bank’s stock valued at $8,883,000 after buying an additional 5,071 shares in the last quarter. Finally, Foundry Partners LLC increased its stake in Peoples Bancorp by 21.1% in the 3rd quarter. Foundry Partners LLC now owns 162,956 shares of the bank’s stock worth $4,903,000 after acquiring an additional 28,346 shares during the last quarter. Hedge funds and other institutional investors own 60.68% of the company’s stock.

Peoples Bancorp Trading Down 0.3 %

Shares of Peoples Bancorp stock opened at $32.66 on Tuesday. Peoples Bancorp Inc. has a 12-month low of $26.74 and a 12-month high of $37.07. The firm’s 50 day simple moving average is $32.41 and its two-hundred day simple moving average is $31.96. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 9.87 and a beta of 0.78.

Peoples Bancorp (NASDAQ:PEBO) last announced its quarterly earnings data on Tuesday, January 21st. The bank reported $0.76 EPS for the quarter, beating 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 previous year, the business posted $1.04 earnings per share. Analysts predict that Peoples Bancorp Inc. will post 3.28 EPS for the current year.

Peoples Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be given a $0.40 dividend. The ex-dividend date is Monday, February 3rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.90%. Peoples Bancorp’s dividend payout ratio (DPR) is currently 48.34%.

Insider Transactions at Peoples Bancorp

In other news, Director Carol A. Schneeberger sold 1,000 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $32.83, for a total transaction of $32,830.00. Following the completion of the sale, the director now owns 26,686 shares of the company’s stock, valued at $876,101.38. The trade was a 3.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director David F. Dierker sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $35.36, for a total transaction of $70,720.00. Following the completion of the transaction, the director now directly owns 1,214 shares in the company, valued at $42,927.04. This represents a 62.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,000 shares of company stock valued at $169,390 in the last ninety days. 3.46% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

PEBO has been the subject of a number of recent research reports. DA Davidson cut their target price on shares of Peoples Bancorp from $42.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, January 22nd. Piper Sandler lifted their price objective on shares of Peoples Bancorp from $39.00 to $40.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. Stephens restated an “equal weight” rating and issued a $37.50 target price on shares of Peoples Bancorp in a report on Wednesday, January 22nd. Finally, Keefe, Bruyette & Woods increased their price target on shares of Peoples Bancorp from $32.00 to $36.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Peoples Bancorp presently has an average rating of “Hold” and an average price target of $36.90.

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.