Raymond James Financial Services Advisors Inc. Acquires 439 Shares of Peoples Bancorp Inc. (NASDAQ:PEBO)

Raymond James Financial Services Advisors Inc. increased its position in shares of Peoples Bancorp Inc. (NASDAQ:PEBO – Get Rating) by 1.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,021 shares of the bank’s stock after purchasing an additional 439 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Peoples Bancorp were worth $984,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Prelude Capital Management LLC raised its holdings in Peoples Bancorp by 0.8% in the 2nd quarter. Prelude Capital Management LLC now owns 40,873 shares of the bank’s stock valued at $1,087,000 after acquiring an additional 338 shares in the last quarter. Fifth Third Bancorp raised its holdings in Peoples Bancorp by 6.5% in the 2nd quarter. Fifth Third Bancorp now owns 5,886 shares of the bank’s stock valued at $157,000 after acquiring an additional 361 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Peoples Bancorp by 0.9% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 41,300 shares of the bank’s stock valued at $1,099,000 after acquiring an additional 364 shares in the last quarter. Arizona State Retirement System raised its holdings in Peoples Bancorp by 5.6% in the 2nd quarter. Arizona State Retirement System now owns 7,669 shares of the bank’s stock valued at $204,000 after acquiring an additional 409 shares in the last quarter. Finally, American International Group Inc. raised its holdings in Peoples Bancorp by 3.4% in the 2nd quarter. American International Group Inc. now owns 13,022 shares of the bank’s stock valued at $346,000 after acquiring an additional 429 shares in the last quarter. 49.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PEBO has been the subject of several analyst reports. StockNews.com raised Peoples Bancorp from a “hold” rating to a “buy” rating in a report on Friday, January 6th. Hovde Group cut Peoples Bancorp from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $34.00 to $30.00 in a report on Wednesday, October 26th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $33.50.

Peoples Bancorp Price Performance

Peoples Bancorp stock opened at $28.31 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.77 and a current ratio of 0.77. Peoples Bancorp Inc. has a 52 week low of $25.63 and a 52 week high of $34.63. The stock has a market capitalization of $800.83 million, a P/E ratio of 7.80 and a beta of 0.83. The stock has a fifty day moving average of $28.87 and a 200-day moving average of $29.34.

Peoples Bancorp (NASDAQ:PEBO – Get Rating) last posted its quarterly earnings results on Tuesday, October 25th. The bank reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.10. The company had revenue of $87.80 million during the quarter, compared to analysts’ expectations of $83.85 million. Peoples Bancorp had a return on equity of 13.00% and a net margin of 30.91%. On average, sell-side analysts expect that Peoples Bancorp Inc. will post 3.66 earnings per share for the current fiscal year.

Peoples Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 21st. Investors of record on Monday, November 7th were given a dividend of $0.38 per share. The ex-dividend date was Friday, November 4th. This represents a $1.52 dividend on an annualized basis and a yield of 5.37%. Peoples Bancorp’s dividend payout ratio is currently 41.87%.

Peoples Bancorp Company Profile

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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.