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

Shares of Peoples Bancorp Inc. (NASDAQ:PEBOGet Rating) have received a consensus recommendation of “Hold” from the six research firms that are currently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $33.25.

Several equities research analysts recently issued reports on the company. StockNews.com lowered Peoples Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, September 1st. Stephens raised their price target on Peoples Bancorp to $34.00 in a research report on Tuesday, August 23rd. Piper Sandler downgraded Peoples Bancorp from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $31.00 to $30.00 in a report on Friday, July 8th. DA Davidson lifted their price objective on Peoples Bancorp to $41.00 and gave the stock an “outperform” rating in a report on Wednesday, July 27th. Finally, B. Riley decreased their price objective on Peoples Bancorp from $30.00 to $28.00 in a report on Monday, July 11th.

Insider Buying and Selling

In related news, CEO Charles W. Sulerzyski sold 1,500 shares of the firm’s stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $31.17, for a total value of $46,755.00. Following the sale, the chief executive officer now directly owns 70,928 shares of the company’s stock, valued at $2,210,825.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Charles W. Sulerzyski sold 1,500 shares of the firm’s stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $31.17, for a total value of $46,755.00. Following the sale, the chief executive officer now directly owns 70,928 shares of the company’s stock, valued at $2,210,825.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kevin R. Reeves bought 3,000 shares of the business’s stock in a transaction that occurred on Friday, August 5th. The stock was acquired at an average cost of $29.80 per share, for a total transaction of $89,400.00. Following the completion of the purchase, the director now directly owns 5,708 shares of the company’s stock, valued at $170,098.40. The disclosure for this purchase can be found here. 2.42% of the stock is owned by insiders.

Institutional Trading of Peoples Bancorp

Several large investors have recently bought and sold shares of PEBO. Prelude Capital Management LLC boosted its position in shares of Peoples Bancorp by 0.8% in the 2nd quarter. Prelude Capital Management LLC now owns 40,873 shares of the bank’s stock worth $1,087,000 after purchasing an additional 338 shares in the last quarter. Fifth Third Bancorp boosted its position in shares of Peoples Bancorp by 6.5% in the 2nd quarter. Fifth Third Bancorp now owns 5,886 shares of the bank’s stock worth $157,000 after purchasing an additional 361 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Peoples Bancorp by 0.9% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 41,300 shares of the bank’s stock worth $1,099,000 after purchasing an additional 364 shares in the last quarter. Arizona State Retirement System boosted its position in shares of Peoples Bancorp by 5.6% in the 2nd quarter. Arizona State Retirement System now owns 7,669 shares of the bank’s stock worth $204,000 after purchasing an additional 409 shares in the last quarter. Finally, American International Group Inc. boosted its position in shares of Peoples Bancorp by 3.4% in the 2nd quarter. American International Group Inc. now owns 13,022 shares of the bank’s stock worth $346,000 after purchasing an additional 429 shares in the last quarter. 52.10% of the stock is owned by institutional investors.

Peoples Bancorp Price Performance

NASDAQ:PEBO opened at $29.34 on Thursday. The firm has a market capitalization of $830.23 million, a price-to-earnings ratio of 12.07 and a beta of 0.89. Peoples Bancorp has a 52-week low of $25.63 and a 52-week high of $34.63. The stock has a fifty day moving average of $29.58 and a 200 day moving average of $29.40. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.77 and a current ratio of 0.77.

Peoples Bancorp (NASDAQ:PEBOGet Rating) last posted its quarterly earnings data on Tuesday, July 26th. The bank reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.16. Peoples Bancorp had a return on equity of 10.61% and a net margin of 23.41%. During the same quarter last year, the business earned $0.81 earnings per share. On average, research analysts expect that Peoples Bancorp will post 3.42 EPS for the current fiscal year.

Peoples Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 22nd. Investors of record on Monday, August 8th were paid a $0.38 dividend. The ex-dividend date was Friday, August 5th. This represents a $1.52 annualized dividend and a dividend yield of 5.18%. Peoples Bancorp’s payout ratio is presently 62.55%.

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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Analyst Recommendations for Peoples Bancorp (NASDAQ:PEBO)

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