Peoples Bancorp (NASDAQ:PEBO) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Wednesday.
According to Zacks, “Peoples Bancorp Inc. is a bank holding company. “
A number of other research analysts have also recently commented on PEBO. BidaskClub cut Peoples Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd. Boenning Scattergood restated a “hold” rating on shares of Peoples Bancorp in a research note on Wednesday, January 10th. Sandler O’Neill restated a “hold” rating and set a $37.00 price target on shares of Peoples Bancorp in a research note on Tuesday, January 23rd. Finally, ValuEngine upgraded Peoples Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday, February 3rd. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $35.25.
Peoples Bancorp (NASDAQ:PEBO) last released its quarterly earnings results on Tuesday, January 23rd. The bank reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.09. Peoples Bancorp had a return on equity of 8.57% and a net margin of 21.47%. The company had revenue of $42.24 million for the quarter, compared to analysts’ expectations of $41.90 million. sell-side analysts predict that Peoples Bancorp will post 2.22 EPS for the current fiscal year.
In other news, Director George W. Broughton sold 1,000 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $35.26, for a total value of $35,260.00. Following the sale, the director now directly owns 160,750 shares in the company, valued at $5,668,045. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.04% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. State Street Corp raised its stake 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 acquiring an additional 99,066 shares in the last quarter. Nationwide Fund Advisors raised its stake 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 acquiring an additional 16,825 shares in the last quarter. Uncommon Cents Investing LLC acquired a new stake in shares of Peoples Bancorp in the fourth quarter valued at $739,000. Victory Capital Management Inc. raised its stake in shares of Peoples Bancorp by 57.0% in the fourth quarter. Victory Capital Management Inc. now owns 47,650 shares of the bank’s stock valued at $1,554,000 after acquiring an additional 17,296 shares in the last quarter. Finally, Bailard Inc. acquired a new stake in shares of Peoples Bancorp in the fourth quarter valued at $646,000. Institutional investors and hedge funds own 63.51% of the company’s stock.
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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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