Peoples Bancorp (NASDAQ:PEBO - Free Report) had its price objective reduced by Piper Sandler from $39.00 to $36.00 in a report issued on Wednesday morning, Benzinga reports. They currently have an overweight rating on the bank's stock.
Peoples Bancorp Trading Up 1.1 %
PEBO traded up $0.35 on Wednesday, hitting $30.96. The company had a trading volume of 112,812 shares, compared to its average volume of 124,445. The firm has a market cap of $1.10 billion, a P/E ratio of 8.76 and a beta of 0.75. Peoples Bancorp has a 1 year low of $25.04 and a 1 year high of $34.85. The company's fifty day moving average price is $30.55 and its 200 day moving average price is $30.10. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.22.
Peoples Bancorp (NASDAQ:PEBO - Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The bank reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.06. The firm had revenue of $158.41 million for the quarter, compared to analyst estimates of $112.30 million. Peoples Bancorp had a net margin of 20.58% and a return on equity of 12.76%. During the same period in the previous year, the firm earned $1.06 EPS. As a group, equities analysts expect that Peoples Bancorp will post 3.29 earnings per share for the current year.
Peoples Bancorp Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Monday, November 4th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 5.17%. The ex-dividend date of this dividend is Monday, November 4th. Peoples Bancorp's dividend payout ratio is currently 45.45%.
Insider Transactions at Peoples Bancorp
In other news, Director David F. Dierker sold 1,000 shares of the business's stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $30.36, for a total transaction of $30,360.00. Following the completion of the transaction, the director now directly owns 10,330 shares of the company's stock, valued at approximately $313,618.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last ninety days, insiders sold 2,121 shares of company stock valued at $64,340. 3.46% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Peoples Bancorp
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its holdings in Peoples Bancorp by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 2,465,385 shares of the bank's stock valued at $73,960,000 after purchasing an additional 6,712 shares in the last quarter. Vanguard Group Inc. lifted its stake in Peoples Bancorp by 1.0% in the first quarter. Vanguard Group Inc. now owns 1,904,357 shares of the bank's stock valued at $56,388,000 after buying an additional 18,272 shares during the last quarter. American Century Companies Inc. lifted its stake in Peoples Bancorp by 26.7% in the second quarter. American Century Companies Inc. now owns 586,015 shares of the bank's stock valued at $17,580,000 after buying an additional 123,423 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Peoples Bancorp by 1.4% in the second quarter. Bank of New York Mellon Corp now owns 318,966 shares of the bank's stock valued at $9,569,000 after buying an additional 4,270 shares during the last quarter. Finally, ProShare Advisors LLC lifted its stake in Peoples Bancorp by 8.2% in the first quarter. ProShare Advisors LLC now owns 272,372 shares of the bank's stock valued at $8,065,000 after buying an additional 20,732 shares during the last quarter. 60.68% of the stock is owned by institutional investors and hedge funds.
Peoples Bancorp Company Profile
(
Get Free Report)
Peoples Bancorp Inc operates as the holding company for Peoples Bank that provides commercial and consumer banking products and services. The company accepts various deposit products, including demand deposit accounts, savings accounts, money market accounts, certificates of deposit, and governmental deposits; 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.
Read More
Before you consider Peoples Bancorp, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Peoples Bancorp wasn't on the list.
While Peoples Bancorp currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
