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

Peoples Bancorp Inc. (NASDAQ:PEBO) has received a consensus rating of “Hold” from the six analysts that are presently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $33.6250.

A number of analysts recently issued reports on PEBO shares. DA Davidson set a $35.00 price objective on shares of Peoples Bancorp in a report on Wednesday, January 21st. Piper Sandler reduced their target price on shares of Peoples Bancorp from $36.00 to $33.50 and set an “overweight” rating for the company in a research report on Wednesday, October 22nd. Wall Street Zen upgraded shares of Peoples Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, October 25th. Finally, Weiss Ratings downgraded Peoples Bancorp from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th.

Peoples Bancorp Stock Up 1.0%

PEBO stock opened at $31.70 on Tuesday. The stock’s fifty day simple moving average is $30.62 and its two-hundred day simple moving average is $30.07. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.19. Peoples Bancorp has a 1-year low of $26.21 and a 1-year high of $33.83. The stock has a market cap of $1.13 billion, a P/E ratio of 10.60 and a beta of 0.65.

Peoples Bancorp (NASDAQ:PEBO) last announced its earnings results on Tuesday, January 20th. The bank reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.05. The firm had revenue of $119.57 million during the quarter, compared to analyst estimates of $117.97 million. Peoples Bancorp had a return on equity of 9.61% and a net margin of 17.27%. Analysts expect that Peoples Bancorp will post 3.28 EPS for the current year.

Peoples Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 17th. Stockholders of record on Monday, February 2nd will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend is Monday, February 2nd. Peoples Bancorp’s dividend payout ratio is currently 54.85%.

Insider Transactions at Peoples Bancorp

In related news, Director Carol A. Schneeberger sold 1,000 shares of Peoples Bancorp stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of $30.60, for a total value of $30,600.00. Following the completion of the sale, the director owned 22,204 shares of the company’s stock, valued at approximately $679,442.40. This trade represents a 4.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Kevin R. Reeves purchased 1,250 shares of the business’s stock in a transaction on Tuesday, November 11th. The stock was purchased at an average cost of $29.11 per share, with a total value of $36,387.50. Following the completion of the acquisition, the director owned 13,055 shares in the company, valued at approximately $380,031.05. This trade represents a 10.59% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders bought 4,267 shares of company stock worth $125,231. 3.41% of the stock is owned by company insiders.

Institutional Trading of Peoples Bancorp

A number of hedge funds have recently made changes to their positions in PEBO. American Century Companies Inc. grew its position in Peoples Bancorp by 8.2% in the third quarter. American Century Companies Inc. now owns 990,923 shares of the bank’s stock worth $29,718,000 after acquiring an additional 75,231 shares in the last quarter. Geode Capital Management LLC lifted its stake in Peoples Bancorp by 3.0% during the second quarter. Geode Capital Management LLC now owns 926,866 shares of the bank’s stock worth $28,309,000 after purchasing an additional 26,786 shares during the last quarter. Private Management Group Inc. boosted its holdings in shares of Peoples Bancorp by 1.3% in the 2nd quarter. Private Management Group Inc. now owns 612,568 shares of the bank’s stock worth $18,708,000 after purchasing an additional 8,058 shares in the last quarter. Raymond James Financial Inc. increased its position in shares of Peoples Bancorp by 27.8% during the 3rd quarter. Raymond James Financial Inc. now owns 447,339 shares of the bank’s stock valued at $13,416,000 after purchasing an additional 97,391 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in shares of Peoples Bancorp by 46.9% during the 3rd quarter. Millennium Management LLC now owns 400,064 shares of the bank’s stock valued at $11,998,000 after buying an additional 127,778 shares in the last quarter. 60.68% of the stock is owned by institutional investors.

About Peoples Bancorp

Peoples Bancorp, Inc is a bank holding company headquartered in Marietta, Ohio. Through its subsidiary Peoples Bank, the company provides a comprehensive range of commercial and consumer banking services designed to serve individuals, businesses and institutional clients. Its deposit products include checking and savings accounts, money market accounts, certificates of deposit and digital banking platforms that enable secure online and mobile access.

On the lending side, Peoples Bancorp offers commercial and industrial loans, commercial real estate financing, construction and agricultural lending, as well as residential mortgage products.