Peoples Bancorp Inc. (PEBO) Given Average Rating of “Hold” by Analysts
Shares of Peoples Bancorp Inc. (NASDAQ:PEBO) have earned a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $33.50.
PEBO has been the subject of a number of research reports. BidaskClub lowered Peoples Bancorp from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Boenning Scattergood reaffirmed a “hold” rating on shares of Peoples Bancorp in a research note on Wednesday, October 25th. Keefe, Bruyette & Woods reaffirmed a “neutral” rating on shares of Peoples Bancorp in a research note on Tuesday, July 25th. Finally, Zacks Investment Research lowered Peoples Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 27th.
Peoples Bancorp (NASDAQ:PEBO) opened at $33.63 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a market capitalization of $614.79, a price-to-earnings ratio of 17.25, a price-to-earnings-growth ratio of 1.99 and a beta of 0.73. Peoples Bancorp has a one year low of $24.21 and a one year high of $35.43.
Peoples Bancorp (NASDAQ:PEBO) last issued its quarterly earnings results on Tuesday, October 24th. The bank reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.09. The firm had revenue of $41.83 million during the quarter, compared to analyst estimates of $41.96 million. Peoples Bancorp had a return on equity of 7.99% and a net margin of 21.10%. equities research analysts predict that Peoples Bancorp will post 2.11 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 17th. Stockholders of record on Friday, November 3rd will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, November 2nd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.62%. Peoples Bancorp’s dividend payout ratio (DPR) is presently 43.56%.
In other news, Director S Craig Beam sold 975 shares of the stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $34.00, for a total transaction of $33,150.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 12,895 shares of company stock valued at $433,159 in the last quarter. Insiders own 3.04% of the company’s stock.
Several large investors have recently made changes to their positions in PEBO. Russell Investments Group Ltd. lifted its position in shares of Peoples Bancorp by 6.6% during the 1st quarter. Russell Investments Group Ltd. now owns 13,378 shares of the bank’s stock valued at $423,000 after acquiring an additional 834 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Peoples Bancorp by 4.8% during the 1st quarter. Bank of New York Mellon Corp now owns 123,192 shares of the bank’s stock valued at $3,900,000 after acquiring an additional 5,654 shares during the last quarter. Ameriprise Financial Inc. acquired a new stake in shares of Peoples Bancorp during the 1st quarter valued at $475,000. Parametric Portfolio Associates LLC lifted its position in shares of Peoples Bancorp by 1.3% during the 1st quarter. Parametric Portfolio Associates LLC now owns 15,961 shares of the bank’s stock valued at $505,000 after acquiring an additional 210 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Peoples Bancorp by 259.4% during the 1st quarter. JPMorgan Chase & Co. now owns 99,953 shares of the bank’s stock valued at $3,165,000 after acquiring an additional 72,141 shares during the last quarter. Institutional investors own 62.58% of the company’s stock.
Peoples Bancorp Company Profile
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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