DA Davidson Has Lowered Expectations for Peoples Bancorp (NASDAQ:PEBO) Stock Price

Peoples Bancorp (NASDAQ:PEBO - Free Report) had its price objective trimmed by DA Davidson from $42.00 to $40.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the bank's stock.

Several other research analysts also recently commented on PEBO. Keefe, Bruyette & Woods boosted their target price on Peoples Bancorp from $32.00 to $36.00 and gave the stock a "market perform" rating in a research note on Wednesday, December 4th. Piper Sandler lowered their price objective on Peoples Bancorp from $39.00 to $36.00 and set an "overweight" rating for the company in a research note on Wednesday, October 23rd. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Peoples Bancorp has an average rating of "Hold" and an average price target of $36.90.

Peoples Bancorp Price Performance

NASDAQ PEBO traded up $0.85 during trading on Wednesday, hitting $32.20. 270,811 shares of the company's stock were exchanged, compared to its average volume of 141,232. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.21. The company has a market cap of $1.14 billion, a PE ratio of 9.17 and a beta of 0.79. Peoples Bancorp has a fifty-two week low of $26.74 and a fifty-two week high of $37.07. The stock's 50 day moving average price is $33.25 and its two-hundred day moving average price is $31.92.

Peoples Bancorp (NASDAQ:PEBO - Get Free Report) last issued its earnings results on Tuesday, January 21st. The bank reported $0.76 EPS for the quarter, topping the consensus estimate of $0.75 by $0.01. Peoples Bancorp had a return on equity of 11.84% and a net margin of 20.16%. During the same quarter in the prior year, the business earned $1.04 earnings per share. Research analysts expect that Peoples Bancorp will post 3.31 EPS for the current year.

Peoples Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 4.97%. The ex-dividend date is Monday, February 3rd. Peoples Bancorp's dividend payout ratio is presently 45.58%.

Insider Buying and Selling at Peoples Bancorp

In other Peoples Bancorp news, Director Carol A. Schneeberger sold 1,000 shares of the stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $31.02, for a total transaction of $31,020.00. Following the transaction, the director now directly owns 27,686 shares in the company, valued at approximately $858,819.72. This represents a 3.49 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Matthew Edgell sold 3,000 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $34.36, for a total value of $103,080.00. Following the transaction, the insider now owns 16,092 shares in the company, valued at $552,921.12. The trade was a 15.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,420 shares of company stock valued at $424,076. 3.46% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Peoples Bancorp

Institutional investors and hedge funds have recently modified their holdings of the business. Shoker Investment Counsel Inc. lifted its holdings in shares of Peoples Bancorp by 1.2% in the 3rd quarter. Shoker Investment Counsel Inc. now owns 31,151 shares of the bank's stock worth $937,000 after purchasing an additional 362 shares in the last quarter. FMR LLC lifted its holdings in shares of Peoples Bancorp by 42.0% in the 3rd quarter. FMR LLC now owns 1,252 shares of the bank's stock worth $38,000 after purchasing an additional 370 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Peoples Bancorp by 3.3% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 12,043 shares of the bank's stock worth $362,000 after purchasing an additional 381 shares in the last quarter. D.A. Davidson & CO. lifted its holdings in shares of Peoples Bancorp by 2.7% in the 3rd quarter. D.A. Davidson & CO. now owns 23,961 shares of the bank's stock worth $721,000 after purchasing an additional 626 shares in the last quarter. Finally, CWM LLC lifted its holdings in shares of Peoples Bancorp by 503.9% in the 3rd quarter. CWM LLC now owns 1,860 shares of the bank's stock worth $56,000 after purchasing an additional 1,552 shares in the last quarter. 60.68% of the stock is currently owned by institutional investors.

About Peoples Bancorp

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.