Peoples Bancorp (NASDAQ:PEBO) Stock Rating Lowered by Zacks Investment Research
According to Zacks, “Peoples Bancorp Inc. is a bank holding company. “
Separately, BidaskClub downgraded shares of Peoples Bancorp from a hold rating to a sell rating in a research note on Tuesday, October 1st.
Peoples Bancorp (NASDAQ:PEBO) last announced its earnings results on Tuesday, July 23rd. The bank reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.07. Peoples Bancorp had a net margin of 22.61% and a return on equity of 10.65%. The business had revenue of $51.34 million during the quarter, compared to the consensus estimate of $51.14 million. Analysts predict that Peoples Bancorp will post 2.89 EPS for the current fiscal year.
In related news, Director George W. Broughton sold 6,072 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $32.34, for a total transaction of $196,368.48. Following the sale, the director now owns 134,325 shares of the company’s stock, valued at approximately $4,344,070.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.89% of the company’s stock.
Large investors have recently modified their holdings of the company. Susquehanna International Group LLP bought a new position in shares of Peoples Bancorp in the 2nd quarter worth $234,000. Zebra Capital Management LLC increased its holdings in shares of Peoples Bancorp by 15.5% in the 2nd quarter. Zebra Capital Management LLC now owns 8,908 shares of the bank’s stock worth $287,000 after buying an additional 1,194 shares during the last quarter. Eidelman Virant Capital bought a new position in shares of Peoples Bancorp in the 2nd quarter worth $282,000. WINTON GROUP Ltd increased its holdings in shares of Peoples Bancorp by 70.0% in the 2nd quarter. WINTON GROUP Ltd now owns 11,637 shares of the bank’s stock worth $375,000 after buying an additional 4,793 shares during the last quarter. Finally, Acadian Asset Management LLC increased its holdings in shares of Peoples Bancorp by 275.5% in the 1st quarter. Acadian Asset Management LLC now owns 12,694 shares of the bank’s stock worth $393,000 after buying an additional 9,313 shares during the last quarter. 57.69% of the stock is currently owned by hedge funds and other institutional investors.
About Peoples Bancorp
Peoples Bancorp Inc operates as the holding company for Peoples Bank that provides commercial and retail banking products and services. The company accepts various deposit products, including demand deposit accounts, savings accounts, money market accounts, and certificates of deposit; and provides commercial real estate construction loans, other commercial real estate loans, commercial and industrial loans, residential real estate loans, home equity lines of credit, and indirect and other consumer loans.
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