Morgan Stanley trimmed its stake in shares of Peoples Bancorp Inc. (NASDAQ:PEBO) by 14.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,068 shares of the bank’s stock after selling 3,265 shares during the period. Morgan Stanley owned about 0.10% of Peoples Bancorp worth $647,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Zebra Capital Management LLC lifted its stake in Peoples Bancorp by 15.5% in the 2nd quarter. Zebra Capital Management LLC now owns 8,908 shares of the bank’s stock worth $287,000 after acquiring an additional 1,194 shares in the last quarter. Eidelman Virant Capital acquired a new position in Peoples Bancorp in the 2nd quarter worth about $282,000. WINTON GROUP Ltd increased its position in Peoples Bancorp by 70.0% in the 2nd quarter. WINTON GROUP Ltd now owns 11,637 shares of the bank’s stock worth $375,000 after purchasing an additional 4,793 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its position in Peoples Bancorp by 24.8% in the 2nd quarter. Jacobs Levy Equity Management Inc. now owns 16,245 shares of the bank’s stock worth $524,000 after purchasing an additional 3,230 shares during the last quarter. Finally, Johnson Investment Counsel Inc. acquired a new position in Peoples Bancorp in the 2nd quarter worth about $617,000. 58.30% of the stock is owned by hedge funds and other institutional investors.
Shares of PEBO stock opened at $33.01 on Friday. The stock’s 50-day moving average is $32.03 and its two-hundred day moving average is $31.87. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.79 and a quick ratio of 0.79. Peoples Bancorp Inc. has a fifty-two week low of $28.35 and a fifty-two week high of $35.01. The firm has a market cap of $688.44 million, a P/E ratio of 12.50 and a beta of 0.74.
Peoples Bancorp (NASDAQ:PEBO) last posted its earnings results on Tuesday, October 22nd. The bank reported $0.72 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.72. The business had revenue of $52.15 million during the quarter, compared to the consensus estimate of $51.98 million. Peoples Bancorp had a return on equity of 10.62% and a net margin of 22.95%. As a group, research analysts expect that Peoples Bancorp Inc. will post 2.9 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Monday, November 4th will be given a dividend of $0.34 per share. The ex-dividend date is Friday, November 1st. This represents a $1.36 annualized dividend and a dividend yield of 4.12%. Peoples Bancorp’s dividend payout ratio (DPR) is presently 51.52%.
PEBO has been the topic of several research reports. ValuEngine raised Peoples Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. Zacks Investment Research raised Peoples Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, BidaskClub raised Peoples Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, October 23rd.
In related news, Director George W. Broughton sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $32.81, for a total transaction of $98,430.00. Following the completion of the transaction, the director now owns 128,429 shares in the company, valued at approximately $4,213,755.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.89% of the stock is owned by company insiders.
Peoples Bancorp Company Profile
Peoples Bancorp Inc operates as the holding company for Peoples Bank that provides commercial and retail banking products and services. The company accepts various deposit products, including demand deposit accounts, savings accounts, money market accounts, and certificates of deposit; and provides commercial real estate construction loans, other commercial real estate loans, commercial and industrial loans, residential real estate loans, home equity lines of credit, and indirect and other consumer loans.
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