Shares of Peoples Bancorp Inc. (NASDAQ:PEBO) have earned a consensus rating of “Hold” from the six research firms that are currently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $34.67.
PEBO has been the subject of a number of recent analyst reports. BidaskClub raised Peoples Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Boenning Scattergood reissued a “hold” rating on shares of Peoples Bancorp in a report on Wednesday, January 10th. Zacks Investment Research raised Peoples Bancorp from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a report on Wednesday, January 10th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $34.00 target price on shares of Peoples Bancorp in a report on Tuesday, October 3rd.
Institutional investors have recently added to or reduced their stakes in the business. Foundry Partners LLC lifted its holdings in Peoples Bancorp by 5.6% in the third quarter. Foundry Partners LLC now owns 227,360 shares of the bank’s stock valued at $7,637,000 after acquiring an additional 11,975 shares during the period. State Street Corp increased its position in shares of Peoples Bancorp by 32.5% in the second quarter. State Street Corp now owns 403,950 shares of the bank’s stock valued at $12,976,000 after buying an additional 99,066 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Peoples Bancorp by 8.5% in the second quarter. Vanguard Group Inc. now owns 739,754 shares of the bank’s stock valued at $23,768,000 after buying an additional 58,021 shares in the last quarter. Prudential Financial Inc. increased its position in shares of Peoples Bancorp by 23.6% in the second quarter. Prudential Financial Inc. now owns 16,934 shares of the bank’s stock valued at $544,000 after buying an additional 3,230 shares in the last quarter. Finally, Nationwide Fund Advisors increased its position in shares of Peoples Bancorp by 40.6% in the third quarter. Nationwide Fund Advisors now owns 58,312 shares of the bank’s stock valued at $1,959,000 after buying an additional 16,825 shares in the last quarter. 63.50% of the stock is owned by institutional investors.
Peoples Bancorp (NASDAQ:PEBO) last issued its quarterly earnings results on Tuesday, October 24th. The bank reported $0.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.09. Peoples Bancorp had a return on equity of 7.99% and a net margin of 21.10%. The firm had revenue of $41.83 million during the quarter, compared to the consensus estimate of $41.96 million. analysts anticipate that Peoples Bancorp will post 2.09 EPS for the current year.
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. Peoples Investment Company has one subsidiary, Peoples Capital Corporation.
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