Peoples Bancorp (PEBO) Downgraded by BidaskClub to Hold
BidaskClub cut shares of Peoples Bancorp (NASDAQ:PEBO) from a buy rating to a hold rating in a research note released on Tuesday.
PEBO has been the subject of a number of other reports. Zacks Investment Research raised Peoples Bancorp from a hold rating to a buy rating and set a $37.00 price target for the company in a research note on Thursday, January 4th. Boenning Scattergood reissued a hold rating on shares of Peoples Bancorp in a research note on Wednesday, January 10th. ValuEngine raised Peoples Bancorp from a hold rating to a buy rating in a research note on Saturday, February 3rd. Finally, Sandler O’Neill restated a hold rating and set a $37.00 price objective on shares of Peoples Bancorp in a report on Tuesday, January 23rd. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $35.25.
Shares of Peoples Bancorp (PEBO) opened at $35.14 on Tuesday. Peoples Bancorp has a one year low of $29.55 and a one year high of $36.40. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $644.98, a P/E ratio of 16.27, a P/E/G ratio of 1.95 and a beta of 0.75.
In other news, Director George W. Broughton sold 1,000 shares of Peoples Bancorp stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $35.26, for a total value of $35,260.00. Following the transaction, the director now directly owns 160,750 shares in the company, valued at approximately $5,668,045. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Terry Thomas Sweet purchased 2,000 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was bought at an average price of $33.97 per share, for a total transaction of $67,940.00. Following the completion of the acquisition, the director now directly owns 4,767 shares in the company, valued at approximately $161,934.99. The disclosure for this purchase can be found here. Company insiders own 3.04% of the company’s stock.
Several large investors have recently made changes to their positions in the company. MetLife Investment Advisors LLC purchased a new position in shares of Peoples Bancorp in the 4th quarter valued at $217,000. Macquarie Group Ltd. increased its holdings in shares of Peoples Bancorp by 201.3% in the 4th quarter. Macquarie Group Ltd. now owns 4,188 shares of the bank’s stock valued at $137,000 after acquiring an additional 2,798 shares during the period. Millennium Management LLC increased its holdings in shares of Peoples Bancorp by 65.8% in the 4th quarter. Millennium Management LLC now owns 168,355 shares of the bank’s stock valued at $5,492,000 after acquiring an additional 66,839 shares during the period. Cornercap Investment Counsel Inc. increased its holdings in shares of Peoples Bancorp by 9.0% in the 4th quarter. Cornercap Investment Counsel Inc. now owns 46,390 shares of the bank’s stock valued at $1,513,000 after acquiring an additional 3,825 shares during the period. Finally, Deutsche Bank AG increased its holdings in shares of Peoples Bancorp by 142.6% in the 4th quarter. Deutsche Bank AG now owns 39,725 shares of the bank’s stock valued at $1,293,000 after acquiring an additional 23,350 shares during the period. Institutional investors and hedge funds own 61.89% 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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