Peoples Bancorp (NASDAQ:PEBO) Price Target Lowered to $36.00 at B. Riley

Peoples Bancorp (NASDAQ:PEBOGet Rating) had its price target cut by equities research analysts at B. Riley from $38.00 to $36.00 in a research note issued on Tuesday, The Fly reports. B. Riley’s price objective would suggest a potential upside of 19.01% from the stock’s current price.

Several other analysts have also recently issued reports on PEBO. StockNews.com assumed coverage on shares of Peoples Bancorp in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Zacks Investment Research raised shares of Peoples Bancorp from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a research report on Wednesday, March 30th. Piper Sandler upped their price objective on Peoples Bancorp from $42.00 to $44.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 2nd. Finally, Raymond James lifted their target price on Peoples Bancorp from $35.00 to $38.00 and gave the company an “outperform” rating in a report on Wednesday, January 26th.

NASDAQ:PEBO opened at $30.25 on Tuesday. The stock has a market capitalization of $860.40 million, a P/E ratio of 15.05 and a beta of 0.81. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.79 and a current ratio of 0.79. Peoples Bancorp has a fifty-two week low of $27.72 and a fifty-two week high of $34.63. The company has a 50 day moving average price of $31.83 and a 200 day moving average price of $32.10.

Peoples Bancorp (NASDAQ:PEBOGet Rating) last released its quarterly earnings results on Tuesday, January 25th. The bank reported $0.97 EPS for the quarter, topping the consensus estimate of $0.76 by $0.21. Peoples Bancorp had a return on equity of 9.69% and a net margin of 18.66%. The business had revenue of $75.61 million during the quarter, compared to analyst estimates of $73.13 million. During the same period last year, the business posted $1.12 earnings per share. Research analysts forecast that Peoples Bancorp will post 3.15 earnings per share for the current fiscal year.

In other news, EVP Michael Ryan Kirkham sold 818 shares of the firm’s stock in a transaction on Wednesday, February 23rd. The shares were sold at an average price of $31.83, for a total value of $26,036.94. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 2.42% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Spire Wealth Management increased its holdings in shares of Peoples Bancorp by 14.5% in the 3rd quarter. Spire Wealth Management now owns 2,911 shares of the bank’s stock valued at $92,000 after acquiring an additional 369 shares during the last quarter. Legal & General Group Plc boosted its holdings in Peoples Bancorp by 4.2% in the fourth quarter. Legal & General Group Plc now owns 9,918 shares of the bank’s stock valued at $316,000 after purchasing an additional 398 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in Peoples Bancorp by 1.5% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 30,722 shares of the bank’s stock valued at $977,000 after purchasing an additional 462 shares during the last quarter. Voya Investment Management LLC raised its holdings in Peoples Bancorp by 6.1% during the third quarter. Voya Investment Management LLC now owns 8,192 shares of the bank’s stock worth $259,000 after purchasing an additional 471 shares in the last quarter. Finally, Captrust Financial Advisors lifted its position in shares of Peoples Bancorp by 103.3% during the 3rd quarter. Captrust Financial Advisors now owns 1,043 shares of the bank’s stock worth $33,000 after buying an additional 530 shares during the last quarter. 48.17% of the stock is owned by institutional investors.

About Peoples Bancorp (Get Rating)

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 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.

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