State of New Jersey Common Pension Fund D lowered its holdings in Peoples Bancorp Inc. (NASDAQ:PEBO – Get Rating) by 4.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 79,707 shares of the bank’s stock after selling 4,058 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Peoples Bancorp were worth $2,306,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the business. Eidelman Virant Capital bought a new stake in shares of Peoples Bancorp in the 3rd quarter valued at about $262,000. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Peoples Bancorp by 1.3% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 34,021 shares of the bank’s stock valued at $984,000 after purchasing an additional 439 shares in the last quarter. Investment Partners LTD. bought a new stake in shares of Peoples Bancorp in the 3rd quarter valued at about $621,000. McIlrath & Eck LLC raised its stake in shares of Peoples Bancorp by 46.9% during the 3rd quarter. McIlrath & Eck LLC now owns 1,353 shares of the bank’s stock worth $39,000 after acquiring an additional 432 shares in the last quarter. Finally, Prelude Capital Management LLC raised its stake in shares of Peoples Bancorp by 0.8% during the 2nd quarter. Prelude Capital Management LLC now owns 40,873 shares of the bank’s stock worth $1,087,000 after acquiring an additional 338 shares in the last quarter. Institutional investors own 49.73% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research firms recently commented on PEBO. StockNews.com upgraded shares of Peoples Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, January 6th. Hovde Group lowered shares of Peoples Bancorp from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $34.00 to $30.00 in a research note on Wednesday, October 26th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $33.50.
Peoples Bancorp Stock Up 0.8 %
Peoples Bancorp (NASDAQ:PEBO – Get Rating) last released its quarterly earnings data on Tuesday, October 25th. The bank reported $0.93 EPS for the quarter, beating the consensus estimate of $0.83 by $0.10. The business had revenue of $87.80 million for the quarter, compared to the consensus estimate of $83.85 million. Peoples Bancorp had a net margin of 30.91% and a return on equity of 13.00%. As a group, equities research analysts forecast that Peoples Bancorp Inc. will post 3.66 earnings per share for the current year.
Peoples Bancorp Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 21st. Stockholders of record on Monday, November 7th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 5.25%. The ex-dividend date of this dividend was Friday, November 4th. Peoples Bancorp’s dividend payout ratio (DPR) is currently 41.87%.
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 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.
- Get a free copy of the StockNews.com research report on Peoples Bancorp (PEBO)
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