Dimensional Fund Advisors LP recently announced the acquisition of new stake in Peoples Bancorp Inc. (NASDAQ:PEBO). The institutional investor has increased its shareholding in the Financial company by 1.86% to 2.19 million shares with purchase of 39944.0 shares. This fresh investment now brings its stake to 7.76% valued currently at $61.94 million. In addition, BlackRock Fund Advisors raised its holdings by 43856.0 to 1.74 million shares. And Franklin Mutual Advisers LLC has lifted its position by 14.65% or 0.2 million shares – to 1.54 million shares.
With over 0.13 million Peoples Bancorp Inc. (PEBO) shares trading Friday and a closing price of $28.31 on the day, the dollar volume was approximately $3.65 million. The shares have shown a positive half year performance of 1.54% and its price on 01/20/23 gained nearly 1.22%. Currently, there are 27.86M common shares owned by the public and among those 27.57M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 6 analysts who have offered their price forecasts for PEBO have a consensus price objective of $32.90. The analysts have set the share’s price value over the next 12 months at a high of $37.00 and a low of $30.00. The average price target is 14.86% above its recent price level and an upside to the estimated low will see the stock gain 5.63% over that period. But an upside of 23.49% will see the stock hit the forecast high price target while median target price for the stock is $32.00.
Insiders at the company have transacted a total of 94 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 57 of these insider trades were purchases, accounting for 44,393 shares. Insider sales of the common stock occurred on 37 occasions, with total insider shares sold totaling 20,609 shares.
The top 3 mutual fund holders in Peoples Bancorp Inc. are Franklin Small Cap Value Fund, Vanguard Total Stock Market Index, and DFA US Small Cap Value Portfolio. Franklin Small Cap Value Fund owns 1.06 million shares of the company’s stock, all valued at over $30.08 million. DFA US Small Cap Value Portfolio bought 9223.0 shares to bring its total holdings to over 0.7 million shares at a value of $19.72 million. DFA US Small Cap Value Portfolio now owns shares totaling to 2.47% of the shares outstanding.
Shares of Peoples Bancorp Inc. (NASDAQ: PEBO) opened at $28.33, up $0.36 from a prior closing price of $27.97. However, the script later moved the day high at 28.33, up 1.22%. The company’s stock has a 5-day price change of -1.50% and -6.84% over the past three months. PEBO shares are trading 0.21% year to date (YTD), with the 12-month market performance down to -14.16% lower. It has a 12-month low price of $25.63 and touched a high of $34.63 over the same period. PEBO has an average intraday trading volume of 111.96K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -0.06%, -2.17%, and -2.45% respectively.
Institutional ownership of Peoples Bancorp Inc. (NASDAQ: PEBO) shares accounts for 50.70% of the company’s 27.86M shares outstanding. Mutual fund holders own 31.74%, while other institutional holders and individual stakeholders account for 7.48% and 18.42% respectively.
It has a market capitalization of $791.26M and a beta (3y monthly) value of 0.82. The stock’s trailing 12-month PE ratio is 7.81, while the earnings-per-share (ttm) stands at $3.62. The company has a PEG of 0.98 and the debt-to-equity ratio at 0.09. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.33% over the week and 1.75% over the month.
Analysts forecast that Peoples Bancorp Inc. (PEBO) will achieve an EPS of $0.87 for the current quarter, $0.84 for the next quarter and $3.43 for 2023. The lowest estimate earnings-per-share for the quarter is $0.82 while analysts give the company a high EPS estimate of $1.01. Comparatively, EPS for the current quarter was $0.99 a year ago. Earnings per share for the fiscal year are expected to increase by 24.10%, and -1.46% over the next financial year. EPS should grow at an annualized rate of 8.00% over the next five years, compared to 4.60% over the past 5-year period.
Looking at the support for the PEBO, a number of firms have released research notes about the stock. Hovde Group stated their Market Perform rating for the stock in a research note on October 26, 2022, with the firm’s price target at $34-$30. Piper Sandler coverage for the Peoples Bancorp Inc. (PEBO) stock in a research note released on July 08, 2022 offered a Neutral rating with a price target of $30. B. Riley Securities was of a view on June 14, 2022 that the stock is Neutral, while Stephens gave the stock Equal-Weight rating on June 08, 2022, issuing a price target of $33. Raymond James on their part issued Mkt Perform rating on April 28, 2022.
