Peoples Bancorp (NASDAQ:PEBO) Stock Rating Lowered by StockNews.com

Peoples Bancorp (NASDAQ:PEBOGet Rating) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

PEBO has been the topic of a number of other reports. B. Riley reduced their price target on shares of Peoples Bancorp from $38.00 to $36.00 in a research note on Tuesday, April 12th. Piper Sandler raised their price target on shares of Peoples Bancorp from $42.00 to $44.00 and gave the company an “overweight” rating in a research note on Wednesday, March 2nd. Raymond James downgraded shares of Peoples Bancorp from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 28th. Finally, Zacks Investment Research downgraded shares of Peoples Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, April 30th.

Shares of Peoples Bancorp stock opened at $27.35 on Tuesday. The company has a market capitalization of $777.92 million, a price-to-earnings ratio of 13.28 and a beta of 0.85. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.25. Peoples Bancorp has a 12-month low of $26.56 and a 12-month high of $34.63. The firm’s 50-day moving average price is $29.77 and its two-hundred day moving average price is $31.39.

Peoples Bancorp (NASDAQ:PEBOGet Rating) last announced its quarterly earnings data on Tuesday, April 26th. The bank reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.19. The firm had revenue of $74.75 million for the quarter, compared to the consensus estimate of $74.99 million. Peoples Bancorp had a net margin of 20.24% and a return on equity of 9.93%. During the same period in the prior year, the company posted $0.90 earnings per share. On average, sell-side analysts expect that Peoples Bancorp will post 3.07 earnings per share for the current year.

In related news, EVP Michael Ryan Kirkham sold 818 shares of the firm’s stock in a transaction that occurred 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 Securities & Exchange Commission, which is available at the SEC website. 2.42% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Two Sigma Advisers LP raised its holdings in Peoples Bancorp by 25.1% in the 3rd quarter. Two Sigma Advisers LP now owns 100,496 shares of the bank’s stock valued at $3,177,000 after buying an additional 20,156 shares during the last quarter. Barclays PLC raised its holdings in Peoples Bancorp by 756.6% in the 3rd quarter. Barclays PLC now owns 20,104 shares of the bank’s stock valued at $636,000 after buying an additional 17,757 shares during the last quarter. Pinnacle Holdings LLC bought a new position in Peoples Bancorp during the 3rd quarter worth approximately $1,287,000. BlackRock Inc. raised its holdings in Peoples Bancorp by 24.6% during the 3rd quarter. BlackRock Inc. now owns 1,878,858 shares of the bank’s stock worth $59,391,000 after purchasing an additional 370,482 shares during the last quarter. Finally, Deutsche Bank AG raised its holdings in Peoples Bancorp by 22.8% during the 3rd quarter. Deutsche Bank AG now owns 14,588 shares of the bank’s stock worth $461,000 after purchasing an additional 2,713 shares during the last quarter. Institutional investors and hedge funds own 48.02% of the company’s stock.

Peoples Bancorp Company Profile (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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