IndexIQ Advisors LLC lessened its holdings in shares of Peoples Bancorp Inc. (NASDAQ:PEBO) by 24.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,191 shares of the bank’s stock after selling 8,312 shares during the quarter. IndexIQ Advisors LLC owned about 0.13% of Peoples Bancorp worth $908,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of PEBO. First Trust Advisors LP boosted its position in shares of Peoples Bancorp by 151.0% during the 3rd quarter. First Trust Advisors LP now owns 65,043 shares of the bank’s stock valued at $2,069,000 after acquiring an additional 39,134 shares during the last quarter. Foundry Partners LLC boosted its position in shares of Peoples Bancorp by 5.6% during the 3rd quarter. Foundry Partners LLC now owns 197,720 shares of the bank’s stock valued at $6,289,000 after acquiring an additional 10,490 shares during the last quarter. Bailard Inc. bought a new stake in shares of Peoples Bancorp during the 4th quarter valued at about $236,000. Principal Financial Group Inc. bought a new stake in shares of Peoples Bancorp during the 4th quarter valued at about $201,000. Finally, Dupont Capital Management Corp boosted its position in shares of Peoples Bancorp by 23.6% during the 4th quarter. Dupont Capital Management Corp now owns 29,789 shares of the bank’s stock valued at $1,032,000 after acquiring an additional 5,679 shares during the last quarter. Hedge funds and other institutional investors own 58.73% of the company’s stock.
A number of equities analysts recently weighed in on the company. BidaskClub cut Peoples Bancorp from a “sell” rating to a “strong sell” rating in a report on Tuesday. Zacks Investment Research cut Peoples Bancorp from a “strong-buy” rating to a “hold” rating in a report on Friday, February 7th. ValuEngine cut Peoples Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, December 5th. Finally, DA Davidson raised Peoples Bancorp from a “neutral” rating to a “buy” rating and raised their price objective for the company from $35.00 to $40.00 in a report on Friday, January 10th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. Peoples Bancorp has a consensus rating of “Hold” and a consensus target price of $39.00.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be issued a dividend of $0.34 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.13%. Peoples Bancorp’s dividend payout ratio is 46.42%.
In related news, CFO John C. Rogers sold 1,080 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $32.76, for a total transaction of $35,380.80. Company insiders own 2.89% of the company’s stock.
Peoples Bancorp 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 real estate construction loans, other commercial real estate loans, commercial and industrial loans, residential real estate loans, home equity lines of credit, and indirect and other consumer loans.
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