Peoples Bancorp (NASDAQ:PEBO) Price Target Raised to $42.00 at Keefe, Bruyette & Woods

Peoples Bancorp (NASDAQ:PEBO) had its price target raised by Keefe, Bruyette & Woods from $38.00 to $42.00 in a research note released on Wednesday,Benzinga reports. They currently have a market perform rating on the bank’s stock.

Other equities research analysts have also issued research reports about the company. Piper Sandler set a $46.00 price objective on Peoples Bancorp in a research note on Wednesday. DA Davidson boosted their price target on shares of Peoples Bancorp from $41.00 to $44.00 and gave the stock a “buy” rating in a research note on Wednesday. Weiss Ratings reissued a “buy (b)” rating on shares of Peoples Bancorp in a research note on Friday, May 29th. Finally, Hovde Group increased their target price 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. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Peoples Bancorp presently has an average rating of “Moderate Buy” and a consensus price target of $42.00.

Peoples Bancorp Price Performance

Shares of NASDAQ:PEBO opened at $40.07 on Wednesday. The company has a 50-day moving average price of $36.61 and a two-hundred day moving average price of $34.15. Peoples Bancorp has a twelve month low of $27.49 and a twelve month high of $40.50. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $1.44 billion, a PE ratio of 12.11 and a beta of 0.62.

Peoples Bancorp (NASDAQ:PEBO) last announced its quarterly earnings results on Tuesday, July 21st. The bank reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.11. The company had revenue of $121.95 million during the quarter, compared to analysts’ expectations of $120.05 million. Peoples Bancorp had a return on equity of 10.79% and a net margin of 19.17%. Equities analysts forecast that Peoples Bancorp will post 3.41 EPS for the current year.

Peoples Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, August 3rd will be given a dividend of $0.42 per share. 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 (DPR) is 53.85%.

Insider Buying and Selling

In related news, Director Dwight Eric Smith bought 1,000 shares of the business’s stock in a transaction dated Monday, April 27th. The shares were purchased at an average cost of $34.51 per share, with a total value of $34,510.00. Following the completion of the purchase, the director owned 9,256 shares in the company, valued at approximately $319,424.56. The trade was a 12.11% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 3.31% of the company’s stock.

Institutional Investors Weigh In On Peoples Bancorp

Several institutional investors and hedge funds have recently made changes to their positions in the company. Larson Financial Group LLC bought a new position in Peoples Bancorp in the 3rd quarter valued at approximately $30,000. Quarry LP bought a new stake in shares of Peoples Bancorp in the 3rd quarter worth $35,000. Strs Ohio bought a new stake in shares of Peoples Bancorp in the 1st quarter worth $62,000. Nisa Investment Advisors LLC raised its stake in shares of Peoples Bancorp by 19.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,688 shares of the bank’s stock worth $81,000 after purchasing an additional 445 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its stake in shares of Peoples Bancorp by 654.3% in the third quarter. Russell Investments Group Ltd. now owns 3,100 shares of the bank’s stock worth $93,000 after purchasing an additional 2,689 shares during the last quarter. Institutional investors own 60.68% of the company’s stock.

More Peoples Bancorp News

Here are the key news stories impacting Peoples Bancorp this week:

• Positive Sentiment: Peoples Bancorp posted second-quarter results that beat consensus EPS estimates and slightly topped revenue expectations, reinforcing momentum after the earnings release. Peoples Bancorp earnings report
• Positive Sentiment: Keefe, Bruyette & Woods raised its price target on PEBO from $38 to $42, signaling improved valuation expectations and providing a modest upside case from recent trading levels. Benzinga coverage
• Positive Sentiment: The company declared a quarterly cash dividend of $0.42 per share, reinforcing shareholder returns and supporting the stock’s income appeal. Dividend announcement
• Positive Sentiment: PEBO hit a new 1-year high, reflecting strong investor response to the earnings update and broader optimism around the bank’s fundamentals. 1-year high article
• Neutral Sentiment: Management indicated it is targeting a 2026 net interest margin range of 4.10% to 4.30% and expects the Citizens merger to close in early Q4 2026, both of which could matter for longer-term earnings but are not immediate catalysts. Seeking Alpha article
• Negative Sentiment: One report said Peoples Bancorp missed second-quarter earnings forecasts despite improving margins, suggesting some investors may focus on mixed details within the quarter rather than just the headline beat. Yahoo Finance article

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.