Shares of Peoples Bancorp Inc. (NASDAQ:PEBO) have received an average recommendation of “Hold” from the eight brokerages that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $35.50.

A number of analysts recently issued reports on PEBO shares. ValuEngine upgraded shares of Peoples Bancorp from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Zacks Investment Research downgraded shares of Peoples Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, June 28th. Boenning Scattergood restated a “hold” rating on shares of Peoples Bancorp in a report on Wednesday, July 26th. Keefe, Bruyette & Woods restated a “neutral” rating on shares of Peoples Bancorp in a report on Tuesday, July 25th. Finally, BidaskClub downgraded shares of Peoples Bancorp from a “hold” rating to a “sell” rating in a report on Sunday, July 16th.

A number of large investors have recently modified their holdings of PEBO. Teachers Advisors LLC boosted its position in Peoples Bancorp by 44.3% during the fourth quarter. Teachers Advisors LLC now owns 52,451 shares of the bank’s stock worth $1,703,000 after purchasing an additional 16,092 shares during the period. Bank of Montreal Can boosted its position in Peoples Bancorp by 263.6% during the first quarter. Bank of Montreal Can now owns 30,351 shares of the bank’s stock worth $961,000 after purchasing an additional 22,004 shares during the period. Nationwide Fund Advisors boosted its position in Peoples Bancorp by 50.1% during the first quarter. Nationwide Fund Advisors now owns 58,867 shares of the bank’s stock worth $1,864,000 after purchasing an additional 19,656 shares during the period. Russell Investments Group Ltd. boosted its position in Peoples Bancorp by 6.6% during the first quarter. Russell Investments Group Ltd. now owns 13,378 shares of the bank’s stock worth $423,000 after purchasing an additional 834 shares during the period. Finally, First Trust Advisors LP boosted its position in Peoples Bancorp by 59.2% during the first quarter. First Trust Advisors LP now owns 81,347 shares of the bank’s stock worth $2,575,000 after purchasing an additional 30,243 shares during the period. Hedge funds and other institutional investors own 62.56% of the company’s stock.

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Shares of Peoples Bancorp (NASDAQ:PEBO) opened at 32.01 on Friday. The company has a market cap of $576.69 million, a P/E ratio of 17.30 and a beta of 0.77. Peoples Bancorp has a one year low of $24.02 and a one year high of $35.43. The company’s 50 day moving average is $31.13 and its 200 day moving average is $31.90.

Peoples Bancorp (NASDAQ:PEBO) last posted its quarterly earnings data on Tuesday, July 25th. The bank reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.07. Peoples Bancorp had a net margin of 19.67% and a return on equity of 7.63%. The business had revenue of $41.68 million during the quarter, compared to the consensus estimate of $40.81 million. On average, equities analysts predict that Peoples Bancorp will post $2.03 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, August 18th. Shareholders of record on Friday, August 4th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date was Wednesday, August 2nd. This is a positive change from Peoples Bancorp’s previous quarterly dividend of $0.20. Peoples Bancorp’s dividend payout ratio (DPR) is currently 47.57%.

About Peoples Bancorp

Peoples Bancorp Inc is a financial holding company. The Company operates principally through its subsidiary, Peoples Bank. Peoples Bank’s operating subsidiaries include Peoples Insurance Agency, LLC (Peoples Insurance) and two asset management companies, PBNA, LLC. and Peoples Tax Credit Equity, LLC.

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