Peoples Bancorp Inc. (NASDAQ:PEBO) Receives Average Rating of “Hold” from Analysts

Shares of Peoples Bancorp Inc. (NASDAQ:PEBO) have earned an average recommendation of “Hold” from the five analysts that are presently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $36.90.

PEBO has been the topic of a number of analyst reports. Stephens reaffirmed an “equal weight” rating and issued a $37.50 price objective on shares of Peoples Bancorp in a research note on Wednesday, January 22nd. Piper Sandler upped their price objective on shares of Peoples Bancorp from $39.00 to $40.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Keefe, Bruyette & Woods increased their target price on shares of Peoples Bancorp from $32.00 to $36.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Finally, DA Davidson cut their target price on shares of Peoples Bancorp from $42.00 to $40.00 and set a “buy” rating on the stock in a research note on Wednesday, January 22nd.

Peoples Bancorp Trading Down 0.1 %

NASDAQ:PEBO opened at $33.05 on Wednesday. The firm’s fifty day moving average is $33.06 and its 200-day moving average is $32.01. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.83 and a current ratio of 0.83. Peoples Bancorp has a 52 week low of $26.74 and a 52 week high of $37.07. The firm has a market cap of $1.17 billion, a P/E ratio of 9.98 and a beta of 0.79.

Peoples Bancorp (NASDAQ:PEBO) last posted its quarterly earnings data on Tuesday, January 21st. The bank reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.01. Peoples Bancorp had a net margin of 18.90% and a return on equity of 11.07%. During the same period last year, the company posted $1.04 EPS. Equities analysts expect that Peoples Bancorp will post 3.19 earnings per share for the current year.

Peoples Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 4.84%. The ex-dividend date of this dividend is Monday, February 3rd. Peoples Bancorp’s dividend payout ratio is presently 48.34%.

Insiders Place Their Bets

In other Peoples Bancorp news, insider Matthew Edgell sold 3,000 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $34.36, for a total transaction of $103,080.00. Following the transaction, the insider now owns 16,092 shares in the company, valued at approximately $552,921.12. This represents a 15.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Carol A. Schneeberger sold 1,000 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $34.13, for a total transaction of $34,130.00. Following the transaction, the director now owns 29,322 shares in the company, valued at approximately $1,000,759.86. The trade was a 3.30 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,000 shares of company stock worth $411,010. Insiders own 3.46% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of PEBO. Dimensional Fund Advisors LP raised its holdings in shares of Peoples Bancorp by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 2,465,385 shares of the bank’s stock valued at $73,960,000 after purchasing an additional 6,712 shares during the last quarter. State Street Corp raised its holdings in shares of Peoples Bancorp by 1.4% in the third quarter. State Street Corp now owns 1,027,413 shares of the bank’s stock valued at $30,915,000 after purchasing an additional 14,426 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Peoples Bancorp by 2.7% in the third quarter. Geode Capital Management LLC now owns 850,654 shares of the bank’s stock valued at $25,601,000 after purchasing an additional 22,285 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Peoples Bancorp by 153.6% in the third quarter. Wellington Management Group LLP now owns 352,488 shares of the bank’s stock valued at $10,606,000 after purchasing an additional 213,488 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Peoples Bancorp by 1.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 295,203 shares of the bank’s stock valued at $8,883,000 after purchasing an additional 5,071 shares during the last quarter. Institutional investors and hedge funds own 60.68% of the company’s stock.

Peoples Bancorp Company 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.