State Board of Administration of Florida Retirement System boosted its stake in shares of Peoples Bancorp Inc. (NASDAQ:PEBO) by 0.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,457 shares of the company’s stock after buying an additional 137 shares during the period. State Board of Administration of Florida Retirement System owned 0.09% of Peoples Bancorp worth $337,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp raised its stake in shares of Peoples Bancorp by 2.0% in the second quarter. Bank of New York Mellon Corp now owns 109,429 shares of the company’s stock valued at $2,384,000 after buying an additional 2,154 shares during the last quarter. California Public Employees Retirement System raised its stake in shares of Peoples Bancorp by 6.1% in the second quarter. California Public Employees Retirement System now owns 66,500 shares of the company’s stock valued at $1,449,000 after buying an additional 3,800 shares during the last quarter. Strs Ohio purchased a new stake in shares of Peoples Bancorp during the second quarter valued at approximately $226,000. American Century Companies Inc. purchased a new stake in shares of Peoples Bancorp during the second quarter valued at approximately $280,000. Finally, Mendon Capital Advisors Corp raised its stake in shares of Peoples Bancorp by 95.0% in the second quarter. Mendon Capital Advisors Corp now owns 60,990 shares of the company’s stock valued at $1,329,000 after buying an additional 29,720 shares during the last quarter. Institutional investors own 60.64% of the company’s stock.
Peoples Bancorp Inc. (NASDAQ:PEBO) traded down 1.21% on Thursday, hitting $24.47. 3,462 shares of the company were exchanged. Peoples Bancorp Inc. has a one year low of $16.34 and a one year high of $24.98. The stock has a 50 day moving average price of $24.25 and a 200 day moving average price of $22.14. The firm has a market cap of $438.92 million, a price-to-earnings ratio of 19.67 and a beta of 0.88.
Peoples Bancorp (NASDAQ:PEBO) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.03. Peoples Bancorp had a net margin of 13.88% and a return on equity of 5.30%. On average, equities research analysts forecast that Peoples Bancorp Inc. will post $1.73 EPS for the current fiscal year.
Several brokerages have commented on PEBO. Zacks Investment Research lowered shares of Peoples Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, July 30th. Keefe, Bruyette & Woods raised their price target on shares of Peoples Bancorp from $22.50 to $24.50 and gave the company a “market perform” rating in a research note on Wednesday, July 27th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $23.70.
Peoples Bancorp Company Profile
Peoples Bancorp Inc is a financial holding company. The Company is engaged in banking, investment, insurance and trust solutions. The Company operates principally through its subsidiary, Peoples Bank, National Association (Peoples Bank). The Company’s products and services include demand deposit accounts, savings accounts, money market accounts and certificates of deposit.