Peoples Bancorp Inc. (NASDAQ:PEBO) Receives Average Recommendation of "Hold" from Brokerages

Peoples Bancorp Inc. (NASDAQ:PEBO - Get Free Report) has earned a consensus rating of "Hold" from the five brokerages that are currently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $36.90.

PEBO has been the topic of a number of recent analyst reports. DA Davidson dropped their price target on shares of Peoples Bancorp from $42.00 to $40.00 and set a "buy" rating on the stock in a report on Wednesday, January 22nd. Keefe, Bruyette & Woods boosted their target price on shares of Peoples Bancorp from $32.00 to $36.00 and gave the company a "market perform" rating in a research note on Wednesday, December 4th. Piper Sandler raised their price target on Peoples Bancorp from $39.00 to $40.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 22nd. Finally, Stephens reiterated an "equal weight" rating and issued a $37.50 price objective on shares of Peoples Bancorp in a research note on Wednesday, January 22nd.

Peoples Bancorp Stock Up 2.1 %

NASDAQ:PEBO traded up $0.60 during mid-day trading on Thursday, hitting $29.80. 160,275 shares of the company's stock were exchanged, compared to its average volume of 124,308. The company has a market cap of $1.06 billion, a PE ratio of 9.00 and a beta of 0.75. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.83 and a quick ratio of 0.83. Peoples Bancorp has a one year low of $27.03 and a one year high of $37.07. The business has a fifty day moving average price of $31.75 and a 200 day moving average price of $32.07.

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Peoples Bancorp (NASDAQ:PEBO - Get Free Report) last posted its quarterly earnings results on Tuesday, January 21st. The bank reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.01. Peoples Bancorp had a return on equity of 11.07% and a net margin of 18.90%. During the same period last year, the firm posted $1.04 earnings per share. Equities analysts predict that Peoples Bancorp will post 3.28 EPS for the current year.

Peoples Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 5.37%. The ex-dividend date was Monday, February 3rd. Peoples Bancorp's dividend payout ratio is currently 48.34%.

Insider Buying and Selling

In other news, Director Carol A. Schneeberger sold 1,000 shares of Peoples Bancorp stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $30.20, for a total transaction of $30,200.00. Following the sale, the director now owns 25,686 shares in the company, valued at $775,717.20. This trade represents a 3.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In the last three months, insiders have sold 3,000 shares of company stock valued at $94,050. Corporate insiders own 3.46% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. US Bancorp DE boosted its position in shares of Peoples Bancorp by 172.8% during the 4th quarter. US Bancorp DE now owns 1,094 shares of the bank's stock valued at $35,000 after acquiring an additional 693 shares during the last quarter. Sterling Capital Management LLC raised its position in Peoples Bancorp by 815.7% during the fourth quarter. Sterling Capital Management LLC now owns 1,108 shares of the bank's stock valued at $35,000 after purchasing an additional 987 shares during the period. FMR LLC lifted its stake in shares of Peoples Bancorp by 42.0% in the 3rd quarter. FMR LLC now owns 1,252 shares of the bank's stock valued at $38,000 after purchasing an additional 370 shares during the last quarter. Spire Wealth Management bought a new position in shares of Peoples Bancorp during the 4th quarter valued at approximately $43,000. Finally, Quantbot Technologies LP increased its position in Peoples Bancorp by 223.3% during the third quarter. Quantbot Technologies LP now owns 3,964 shares of the bank's stock valued at $119,000 after acquiring an additional 2,738 shares during the last quarter. Hedge funds and other institutional investors own 60.68% of the company's stock.

Peoples Bancorp Company Profile

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.