Peoples Bancorp Inc. (NASDAQ:PEBO) Receives $33.63 Average PT from Analysts

Shares of Peoples Bancorp Inc. (NASDAQ:PEBO) have been assigned an average rating of “Moderate Buy” from the six ratings firms that are presently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $33.6250.

PEBO has been the topic of a number of research analyst reports. DA Davidson set a $35.00 target price on Peoples Bancorp in a report on Wednesday, January 21st. Weiss Ratings raised Peoples Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, January 27th.

Insider Transactions at Peoples Bancorp

In other Peoples Bancorp news, Director Carol A. Schneeberger sold 1,000 shares of the firm’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $33.92, for a total value of $33,920.00. Following the sale, the director directly owned 21,204 shares in the company, valued at $719,239.68. This trade represents a 4.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 3.41% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Peoples Bancorp

A number of institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. raised its holdings in Peoples Bancorp by 422.4% in the 2nd quarter. Raymond James Financial Inc. now owns 349,948 shares of the bank’s stock valued at $10,687,000 after acquiring an additional 282,960 shares in the last quarter. Align Financial LLC acquired a new stake in shares of Peoples Bancorp during the 4th quarter worth approximately $5,318,000. CSM Advisors LLC acquired a new stake in shares of Peoples Bancorp during the 2nd quarter worth approximately $4,887,000. UBS Group AG increased its position in shares of Peoples Bancorp by 391.8% during the fourth quarter. UBS Group AG now owns 198,742 shares of the bank’s stock valued at $5,968,000 after purchasing an additional 158,327 shares during the period. Finally, Invesco Ltd. raised its stake in shares of Peoples Bancorp by 248.8% in the fourth quarter. Invesco Ltd. now owns 211,869 shares of the bank’s stock valued at $6,362,000 after purchasing an additional 151,125 shares in the last quarter. 60.68% of the stock is owned by institutional investors and hedge funds.

Peoples Bancorp Stock Performance

Shares of PEBO opened at $32.52 on Friday. The company has a market capitalization of $1.16 billion, a PE ratio of 10.88 and a beta of 0.68. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.83 and a quick ratio of 0.83. Peoples Bancorp has a one year low of $26.21 and a one year high of $34.33. The company’s fifty day moving average price is $31.91 and its 200 day moving average price is $30.54.

Peoples Bancorp (NASDAQ:PEBO) last issued its quarterly earnings results on Tuesday, January 20th. The bank reported $0.93 earnings per share (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 the consensus estimate of $117.97 million. Peoples Bancorp had a return on equity of 9.61% and a net margin of 17.27%. As a group, analysts expect that Peoples Bancorp will post 3.28 earnings per share for the current year.

Peoples Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Monday, February 2nd were issued a $0.41 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a $1.64 dividend on an annualized basis and a yield of 5.0%. Peoples Bancorp’s dividend payout ratio is 54.85%.

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.