Hsbc Holdings PLC Purchases 20,176 Shares of Peoples Bancorp Inc. $PEBO

Hsbc Holdings PLC boosted its holdings in Peoples Bancorp Inc. (NASDAQ:PEBO) by 135.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 35,052 shares of the bank’s stock after buying an additional 20,176 shares during the period. Hsbc Holdings PLC owned 0.10% of Peoples Bancorp worth $1,049,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of PEBO. Larson Financial Group LLC bought a new position in shares of Peoples Bancorp in the third quarter worth about $30,000. Quarry LP bought a new stake in Peoples Bancorp during the 3rd quarter valued at approximately $35,000. Strs Ohio bought a new stake in Peoples Bancorp during the 1st quarter valued at approximately $62,000. Nisa Investment Advisors LLC lifted its holdings in Peoples Bancorp by 19.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,688 shares of the bank’s stock worth $81,000 after purchasing an additional 445 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in Peoples Bancorp by 654.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 3,100 shares of the bank’s stock worth $93,000 after purchasing an additional 2,689 shares in the last quarter. 60.68% of the stock is owned by institutional investors.

Peoples Bancorp Stock Performance

NASDAQ PEBO opened at $38.41 on Tuesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.83 and a current ratio of 0.84. Peoples Bancorp Inc. has a fifty-two week low of $27.49 and a fifty-two week high of $39.33. The company has a market cap of $1.38 billion, a P/E ratio of 12.31 and a beta of 0.62. The business’s 50 day moving average price is $35.85 and its 200-day moving average price is $33.71.

Peoples Bancorp (NASDAQ:PEBO) last announced its earnings results on Tuesday, April 21st. The bank reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.02. The business had revenue of $119.33 million for the quarter, compared to the consensus estimate of $118.72 million. Peoples Bancorp had a net margin of 17.92% and a return on equity of 9.75%. Sell-side analysts predict that Peoples Bancorp Inc. will post 3.4 earnings per share for the current year.

Peoples Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 18th. Investors of record on Monday, May 4th were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date was Monday, May 4th. This is an increase from Peoples Bancorp’s previous quarterly dividend of $0.41. Peoples Bancorp’s dividend payout ratio (DPR) is presently 53.85%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on PEBO shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Peoples Bancorp in a report on Friday, May 29th. DA Davidson boosted their target price on shares of Peoples Bancorp from $37.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Hovde Group upped their target price on shares of Peoples Bancorp from $33.00 to $36.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 22nd. Finally, Piper Sandler raised their target price on shares of Peoples Bancorp from $41.00 to $43.00 and gave the company an “overweight” rating in a research note on Friday, June 26th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Peoples Bancorp currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.00.

Insider Transactions at Peoples Bancorp

In other Peoples Bancorp news, Director Dwight Eric Smith acquired 1,000 shares of the business’s stock in a transaction on Monday, April 27th. The shares were bought at an average price of $34.51 per share, with a total value of $34,510.00. Following the transaction, the director directly owned 9,256 shares of the company’s stock, valued at $319,424.56. The trade was a 12.11% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. 3.31% of the stock is currently owned by insiders.

About Peoples Bancorp

Peoples Bancorp, Inc is a bank holding company headquartered in Marietta, Ohio. Through its subsidiary Peoples Bank, the company provides a comprehensive range of commercial and consumer banking services designed to serve individuals, businesses and institutional clients. Its deposit products include checking and savings accounts, money market accounts, certificates of deposit and digital banking platforms that enable secure online and mobile access.

On the lending side, Peoples Bancorp offers commercial and industrial loans, commercial real estate financing, construction and agricultural lending, as well as residential mortgage products.