Peoples Bancorp (NASDAQ:PEBO) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Tuesday.

Several other brokerages have also recently issued reports on PEBO. Zacks Investment Research cut shares of Peoples Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, January 5th. Boenning Scattergood reissued a “hold” rating on shares of Peoples Bancorp in a research note on Wednesday, October 25th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $34.00 price objective on shares of Peoples Bancorp in a research note on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. Peoples Bancorp currently has a consensus rating of “Hold” and an average target price of $34.67.

Peoples Bancorp (PEBO) opened at $34.03 on Tuesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.82 and a quick ratio of 0.82. The company has a market cap of $623.93, a price-to-earnings ratio of 16.85, a PEG ratio of 1.96 and a beta of 0.73. Peoples Bancorp has a 1-year low of $29.55 and a 1-year high of $35.43.

Peoples Bancorp (NASDAQ:PEBO) last announced its quarterly earnings data on Tuesday, October 24th. The bank reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.09. The company had revenue of $41.83 million for the quarter, compared to analysts’ expectations of $41.96 million. Peoples Bancorp had a net margin of 21.10% and a return on equity of 7.99%. analysts predict that Peoples Bancorp will post 2.1 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the business. SG Americas Securities LLC purchased a new stake in shares of Peoples Bancorp during the 3rd quarter worth $103,000. Citigroup Inc. boosted its position in shares of Peoples Bancorp by 361.7% during the 2nd quarter. Citigroup Inc. now owns 6,694 shares of the bank’s stock worth $215,000 after purchasing an additional 5,244 shares in the last quarter. Wedge Capital Management L L P NC purchased a new stake in shares of Peoples Bancorp during the 3rd quarter worth $252,000. Virginia Retirement Systems ET AL purchased a new stake in shares of Peoples Bancorp during the 3rd quarter worth $272,000. Finally, Goldman Sachs Group Inc. boosted its position in shares of Peoples Bancorp by 36.5% during the 2nd quarter. Goldman Sachs Group Inc. now owns 9,344 shares of the bank’s stock worth $300,000 after purchasing an additional 2,499 shares in the last quarter. Institutional investors own 63.52% of the company’s stock.

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About Peoples Bancorp

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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