Peoples Bancorp Inc. (NASDAQ:PEBO) Position Trimmed by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in shares of Peoples Bancorp Inc. (NASDAQ:PEBO) by 10.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 69,537 shares of the bank’s stock after selling 8,295 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Peoples Bancorp were worth $2,092,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in PEBO. nVerses Capital LLC bought a new stake in Peoples Bancorp during the second quarter valued at $27,000. FMR LLC increased its stake in Peoples Bancorp by 42.0% during the third quarter. FMR LLC now owns 1,252 shares of the bank’s stock valued at $38,000 after purchasing an additional 370 shares during the last quarter. Innealta Capital LLC bought a new stake in Peoples Bancorp during the second quarter valued at $46,000. CWM LLC increased its stake in Peoples Bancorp by 503.9% during the third quarter. CWM LLC now owns 1,860 shares of the bank’s stock valued at $56,000 after purchasing an additional 1,552 shares during the last quarter. Finally, Quest Partners LLC increased its stake in Peoples Bancorp by 20,273.3% during the second quarter. Quest Partners LLC now owns 3,056 shares of the bank’s stock valued at $92,000 after purchasing an additional 3,041 shares during the last quarter. Institutional investors own 60.68% of the company’s stock.

Insider Activity

In other news, Director Carol A. Schneeberger sold 1,000 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $34.82, for a total value of $34,820.00. Following the transaction, the director now directly owns 28,322 shares of the company’s stock, valued at approximately $986,172.04. This represents a 3.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director S Craig Beam sold 4,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $34.31, for a total transaction of $137,240.00. Following the completion of the transaction, the director now directly owns 23,760 shares in the company, valued at $815,205.60. This trade represents a 14.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,445 shares of company stock worth $424,166 over the last quarter. Corporate insiders own 3.46% of the company’s stock.

Peoples Bancorp Price Performance

PEBO opened at $34.62 on Monday. The stock has a fifty day moving average of $33.21 and a 200-day moving average of $31.37. The firm has a market capitalization of $1.23 billion, a P/E ratio of 9.86 and a beta of 0.77. Peoples Bancorp Inc. has a 12-month low of $26.74 and a 12-month high of $37.07. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.21.

Peoples Bancorp (NASDAQ:PEBO) last released its earnings results on Tuesday, October 22nd. The bank reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.07. The company had revenue of $158.41 million during the quarter, compared to analyst estimates of $112.30 million. Peoples Bancorp had a return on equity of 11.84% and a net margin of 20.16%. During the same quarter in the prior year, the company earned $1.06 earnings per share. Equities analysts forecast that Peoples Bancorp Inc. will post 3.31 EPS for the current fiscal year.

Peoples Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Monday, November 4th were issued a $0.40 dividend. The ex-dividend date was Monday, November 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.62%. Peoples Bancorp’s payout ratio is currently 45.58%.

Analyst Ratings Changes

Several research firms have recently commented on PEBO. Keefe, Bruyette & Woods upped 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 report on Wednesday, December 4th. Piper Sandler lowered their price target on shares of Peoples Bancorp from $39.00 to $36.00 and set an “overweight” rating for the company in a research report on Wednesday, October 23rd. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $34.25.

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.