Peoples Bancorp Inc. (NASDAQ:PEBO) Receives $39.00 Consensus Price Target from Analysts

Peoples Bancorp Inc. (NASDAQ:PEBO) has been given a consensus recommendation of “Moderate Buy” by the six ratings firms that are currently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $42.00.

A number of research firms have recently weighed in on PEBO. DA Davidson raised their target price on Peoples Bancorp from $41.00 to $44.00 and gave the company a “buy” rating in a report on Wednesday. Weiss Ratings reiterated a “buy (b)” rating on shares of Peoples Bancorp in a report on Friday, May 29th. Keefe, Bruyette & Woods increased their price target on Peoples Bancorp from $38.00 to $42.00 and gave the company a “market perform” rating in a research report on Wednesday. Piper Sandler set a $46.00 price objective on Peoples Bancorp in a research note on Wednesday. Finally, Hovde Group lifted their price objective on shares of Peoples Bancorp from $33.00 to $36.00 and gave the stock a “market perform” rating in a report on Wednesday, April 22nd.

Insider Buying and Selling

In other news, Director Dwight Eric Smith bought 1,000 shares of the company’s stock in a transaction on Monday, April 27th. The shares were purchased at an average price of $34.51 per share, with a total value of $34,510.00. Following the transaction, the director directly owned 9,256 shares in the company, valued at $319,424.56. This represents a 12.11% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.31% of the company’s stock.

Institutional Trading of Peoples Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of the business. Larson Financial Group LLC purchased a new position in Peoples Bancorp in the third quarter worth $30,000. Quarry LP bought a new stake in shares of Peoples Bancorp during the 3rd quarter worth $35,000. Strs Ohio bought a new stake in shares of Peoples Bancorp during the 1st quarter worth $62,000. Nisa Investment Advisors LLC boosted its holdings in shares of Peoples Bancorp by 19.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,688 shares of the bank’s stock worth $81,000 after buying an additional 445 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Peoples Bancorp by 654.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 3,100 shares of the bank’s stock worth $93,000 after buying an additional 2,689 shares during the last quarter. 60.68% of the stock is owned by hedge funds and other institutional investors.

Peoples Bancorp Trading Down 0.7%

NASDAQ:PEBO opened at $39.80 on Tuesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.84 and a quick ratio of 0.83. Peoples Bancorp has a one year low of $27.49 and a one year high of $40.50. The company has a market cap of $1.43 billion, a PE ratio of 12.02 and a beta of 0.62. The firm has a 50-day moving average of $36.74 and a 200-day moving average of $34.22.

Peoples Bancorp (NASDAQ:PEBO) last released its quarterly earnings results on Tuesday, July 21st. The bank reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.11. The business had revenue of $121.95 million during the quarter, compared to the consensus estimate of $120.05 million. Peoples Bancorp had a return on equity of 10.79% and a net margin of 19.17%. As a group, equities research analysts expect that Peoples Bancorp will post 3.51 EPS for the current fiscal year.

Peoples Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, August 3rd will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Monday, August 3rd. Peoples Bancorp’s dividend payout ratio is presently 53.85%.

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.