Peoples Bancorp Inc. (NASDAQ:PEBO) Given Consensus Rating of “Hold” by Analysts

Shares of Peoples Bancorp Inc. (NASDAQ:PEBO) have been assigned an average rating of “Hold” from the five ratings firms that are covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $36.90.

Several brokerages recently commented on PEBO. DA Davidson cut their price objective on shares of Peoples Bancorp from $42.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, January 22nd. Stephens reissued an “equal weight” rating and set a $37.50 price objective on shares of Peoples Bancorp in a research report on Wednesday, January 22nd. Piper Sandler raised their price target on shares of Peoples Bancorp from $39.00 to $40.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Finally, Keefe, Bruyette & Woods raised their price target on shares of Peoples Bancorp from $32.00 to $36.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th.

Insider Activity

In related news, Director Carol A. Schneeberger sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $32.83, for a total value of $32,830.00. Following the transaction, the director now owns 26,686 shares of the company’s stock, valued at approximately $876,101.38. This trade represents a 3.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders have sold a total of 3,000 shares of company stock valued at $94,050 in the last 90 days. 3.46% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Peoples Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the business. Foundry Partners LLC boosted its holdings in shares of Peoples Bancorp by 21.1% in the third quarter. Foundry Partners LLC now owns 162,956 shares of the bank’s stock worth $4,903,000 after buying an additional 28,346 shares during the last quarter. Jane Street Group LLC lifted its holdings in Peoples Bancorp by 55.8% during the third quarter. Jane Street Group LLC now owns 56,345 shares of the bank’s stock valued at $1,695,000 after purchasing an additional 20,173 shares in the last quarter. Barclays PLC lifted its holdings in Peoples Bancorp by 138.9% during the third quarter. Barclays PLC now owns 63,096 shares of the bank’s stock valued at $1,898,000 after purchasing an additional 36,684 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in Peoples Bancorp by 34.6% during the third quarter. Thrivent Financial for Lutherans now owns 57,078 shares of the bank’s stock valued at $1,717,000 after purchasing an additional 14,658 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Peoples Bancorp by 2.7% during 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 in the last quarter. Hedge funds and other institutional investors own 60.68% of the company’s stock.

Peoples Bancorp Stock Performance

Shares of PEBO stock opened at $29.38 on Thursday. Peoples Bancorp has a one year low of $26.74 and a one year high of $37.07. The company’s 50-day moving average is $31.82 and its 200 day moving average is $32.10. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of 8.88 and a beta of 0.75. 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 (NASDAQ:PEBO) last announced its quarterly earnings data on Tuesday, January 21st. The bank reported $0.76 EPS for the quarter, beating the consensus estimate 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 quarter in the prior year, the business posted $1.04 EPS. Sell-side analysts expect that Peoples Bancorp will post 3.28 EPS for the current fiscal year.

Peoples Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.45%. The ex-dividend date was Monday, February 3rd. Peoples Bancorp’s payout ratio is presently 48.34%.

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.