Peoples Bancorp Inc. (NASDAQ:PEBO) Given Consensus Rating of “Hold” by Analysts

Peoples Bancorp Inc. (NASDAQ:PEBO) has received a consensus rating of “Hold” from the six research firms that are currently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $33.6250.

Several equities research analysts recently weighed in on the company. Piper Sandler dropped their target price on Peoples Bancorp from $36.00 to $33.50 and set an “overweight” rating for the company in a report on Wednesday, October 22nd. Weiss Ratings lowered Peoples Bancorp from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. Wall Street Zen upgraded shares of Peoples Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, October 25th. Finally, DA Davidson set a $35.00 price target on shares of Peoples Bancorp in a report on Wednesday, January 21st.

Peoples Bancorp Trading Up 1.0%

Shares of PEBO opened at $31.70 on Tuesday. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 10.60 and a beta of 0.65. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.83 and a current ratio of 0.83. Peoples Bancorp has a fifty-two week low of $26.21 and a fifty-two week high of $33.83. The firm has a 50 day moving average price of $30.62 and a 200-day moving average price of $30.07.

Peoples Bancorp (NASDAQ:PEBO) last released its earnings results on Tuesday, January 20th. The bank reported $0.93 EPS for the quarter, beating the consensus estimate of $0.88 by $0.05. The company had revenue of $119.57 million for the quarter, compared to analyst estimates of $117.97 million. Peoples Bancorp had a net margin of 17.27% and a return on equity of 9.61%. As a group, equities research analysts forecast that Peoples Bancorp will post 3.28 earnings per share for the current year.

Peoples Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 17th. Stockholders of record on Monday, February 2nd will be paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 5.2%. The ex-dividend date of this dividend is Monday, February 2nd. Peoples Bancorp’s dividend payout ratio is 54.85%.

Insider Buying and Selling

In other Peoples Bancorp news, Director Carol A. Schneeberger sold 1,000 shares of the stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $30.60, for a total value of $30,600.00. Following the completion of the sale, the director owned 22,204 shares in the company, valued at approximately $679,442.40. This trade represents a 4.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Kevin R. Reeves acquired 1,250 shares of the business’s stock in a transaction dated Tuesday, November 11th. The stock was acquired at an average price of $29.11 per share, for a total transaction of $36,387.50. Following the completion of the transaction, the director owned 13,055 shares in the company, valued at approximately $380,031.05. The trade was a 10.59% increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired 4,267 shares of company stock valued at $125,231 over the last ninety days. 3.41% of the stock is owned by insiders.

Institutional Trading of Peoples Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Larson Financial Group LLC bought a new stake in Peoples Bancorp in the third quarter valued at $30,000. Quarry LP purchased a new position in shares of Peoples Bancorp during the 3rd quarter worth approximately $35,000. State of Alaska Department of Revenue bought a new position in shares of Peoples Bancorp in the 3rd quarter worth approximately $42,000. Strs Ohio purchased a new position in shares of Peoples Bancorp in the 1st quarter valued at approximately $62,000. Finally, Accredited Wealth Management LLC boosted its position in shares of Peoples Bancorp by 524.0% during the third quarter. Accredited Wealth Management LLC now owns 2,184 shares of the bank’s stock valued at $65,000 after purchasing an additional 1,834 shares in the last quarter. Hedge funds and other institutional investors own 60.68% of the company’s stock.

Peoples Bancorp Company Profile

Peoples Bancorp, Inc is a bank holding company headquartered in Marietta, Ohio. Through its subsidiary Peoples Bank, the company provides a comprehensive range of commercial and consumer banking services designed to serve individuals, businesses and institutional clients. Its deposit products include checking and savings accounts, money market accounts, certificates of deposit and digital banking platforms that enable secure online and mobile access.

On the lending side, Peoples Bancorp offers commercial and industrial loans, commercial real estate financing, construction and agricultural lending, as well as residential mortgage products.