Charles Schwab Investment Management Inc. Sells 2,546 Shares of Peoples Bancorp Inc. (NASDAQ:PEBO)

Charles Schwab Investment Management Inc. lessened its stake in Peoples Bancorp Inc. (NASDAQ:PEBO) by 0.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 292,657 shares of the bank’s stock after selling 2,546 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Peoples Bancorp were worth $9,274,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in PEBO. Wellington Management Group LLP lifted its stake in shares of Peoples Bancorp by 153.6% in 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 period. JPMorgan Chase & Co. lifted its stake in shares of Peoples Bancorp by 316.5% in the third quarter. JPMorgan Chase & Co. now owns 61,645 shares of the bank’s stock valued at $1,855,000 after buying an additional 46,845 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Peoples Bancorp in the third quarter valued at about $1,244,000. Barclays PLC lifted its stake in shares of Peoples Bancorp by 138.9% in the third quarter. Barclays PLC now owns 63,096 shares of the bank’s stock valued at $1,898,000 after buying an additional 36,684 shares during the period. Finally, Cerity Partners LLC lifted its stake in shares of Peoples Bancorp by 262.6% in the third quarter. Cerity Partners LLC now owns 40,704 shares of the bank’s stock valued at $1,225,000 after buying an additional 29,479 shares during the period. Institutional investors own 60.68% of the company’s stock.

Peoples Bancorp Stock Down 0.2 %

Shares of PEBO opened at $29.73 on Friday. Peoples Bancorp Inc. has a 12 month low of $27.10 and a 12 month high of $37.07. The company has a 50-day moving average price of $31.63 and a two-hundred day moving average price of $32.01. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.21. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of 8.98 and a beta of 0.75.

Peoples Bancorp (NASDAQ:PEBO) last posted its earnings results on Tuesday, January 21st. The bank reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 period in the previous year, the company earned $1.04 earnings per share. Equities analysts predict that Peoples Bancorp Inc. will post 3.28 EPS for the current fiscal year.

Peoples Bancorp Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. DA Davidson reduced their target price on shares of Peoples Bancorp from $42.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday, January 22nd. Piper Sandler raised their price target 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. Keefe, Bruyette & Woods raised their price target on shares of Peoples Bancorp from $32.00 to $36.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Finally, Stephens restated an “equal weight” rating and set a $37.50 price target on shares of Peoples Bancorp in a research note on Wednesday, January 22nd. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Peoples Bancorp currently has a consensus 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 Peoples Bancorp stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $32.83, for a total value of $32,830.00. Following the completion of the transaction, the director now owns 26,686 shares in the company, valued at approximately $876,101.38. The trade was a 3.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last 90 days, insiders sold 3,000 shares of company stock worth $94,050. Insiders own 3.41% of the company’s stock.

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.