Peoples Bancorp (NASDAQ:PEBO) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Peoples Bancorp Inc. (NASDAQ:PEBO)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $30.10 and traded as high as $33.33. Peoples Bancorp shares last traded at $33.06, with a volume of 312,610 shares trading hands.

Analyst Ratings Changes

PEBO has been the subject of a number of analyst reports. Piper Sandler reduced their price target on Peoples Bancorp from $36.00 to $33.50 and set an “overweight” rating for the company in a report on Wednesday, October 22nd. Wall Street Zen raised Peoples Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, October 25th. Weiss Ratings upgraded Peoples Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, January 27th. Finally, DA Davidson set a $35.00 price target on shares of Peoples Bancorp in a research note on Wednesday, January 21st. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Peoples Bancorp presently has an average rating of “Moderate Buy” and an average price target of $33.63.

Peoples Bancorp Stock Performance

The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.19. The firm has a 50-day moving average price of $31.02 and a two-hundred day moving average price of $30.10. The firm has a market cap of $1.18 billion, a PE ratio of 11.06 and a beta of 0.68.

Peoples Bancorp (NASDAQ:PEBO) last posted its quarterly earnings data on Tuesday, January 20th. The bank reported $0.93 EPS for the quarter, beating the consensus estimate of $0.88 by $0.05. The firm had revenue of $119.57 million during the quarter, compared to the consensus estimate of $117.97 million. Peoples Bancorp had a return on equity of 9.61% and a net margin of 17.27%. Research analysts forecast that Peoples Bancorp Inc. will post 3.28 EPS for the current fiscal year.

Peoples Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 17th. Stockholders of record on Monday, February 2nd will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend is Monday, February 2nd. Peoples Bancorp’s dividend payout ratio (DPR) is currently 54.85%.

Insider Buying and Selling

In other Peoples Bancorp news, Director Kevin R. Reeves purchased 1,250 shares of the stock in a transaction that occurred on Tuesday, November 11th. The shares were purchased at an average cost 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 of the company’s stock, valued at $380,031.05. The trade was a 10.59% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director W Glenn Hogan acquired 1,000 shares of the business’s stock in a transaction on Friday, November 7th. The stock was acquired at an average price of $28.49 per share, with a total value of $28,490.00. Following the acquisition, the director owned 535,239 shares in the company, valued at $15,248,959.11. The trade was a 0.19% increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders have acquired 3,107 shares of company stock worth $91,869. 3.41% of the stock is owned by insiders.

Hedge Funds Weigh In On Peoples Bancorp

A number of institutional investors have recently added to or reduced their stakes in the stock. Creative Planning raised its position in shares of Peoples Bancorp by 35.5% during the 2nd quarter. Creative Planning now owns 44,061 shares of the bank’s stock valued at $1,346,000 after buying an additional 11,533 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new position in Peoples Bancorp in the second quarter worth approximately $271,000. CSM Advisors LLC acquired a new stake in Peoples Bancorp during the second quarter worth $4,887,000. Bank of New York Mellon Corp raised its position in Peoples Bancorp by 2.6% in the second quarter. Bank of New York Mellon Corp now owns 260,719 shares of the bank’s stock valued at $7,962,000 after purchasing an additional 6,654 shares during the period. Finally, Wealthcare Advisory Partners LLC raised its position in Peoples Bancorp by 3.9% in the second quarter. Wealthcare Advisory Partners LLC now owns 11,034 shares of the bank’s stock valued at $337,000 after purchasing an additional 418 shares during the period. 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.