Zacks Investment Research cut shares of Peoples Bancorp (NASDAQ:PEBO) from a buy rating to a hold rating in a report published on Friday.

According to Zacks, “Peoples Bancorp Inc. is a bank holding company. “

PEBO has been the topic of a number of other reports. BidaskClub lowered shares of Peoples Bancorp from a hold rating to a sell rating in a research report on Wednesday. Keefe, Bruyette & Woods restated a hold rating and set a $34.00 price target on shares of Peoples Bancorp in a research report on Tuesday, October 3rd. Finally, Boenning Scattergood restated a hold rating on shares of Peoples Bancorp in a research report on Wednesday, October 25th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. Peoples Bancorp has an average rating of Hold and a consensus price target of $34.67.

Peoples Bancorp (PEBO) opened at $33.07 on Friday. The firm has a market cap of $602.37, a PE ratio of 16.37, a P/E/G ratio of 2.20 and a beta of 0.73. Peoples Bancorp has a 52-week low of $29.55 and a 52-week high of $35.43. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.82 and a current ratio of 0.82.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Foundry Partners LLC raised its stake in Peoples Bancorp by 5.6% during the third quarter. Foundry Partners LLC now owns 227,360 shares of the bank’s stock worth $7,637,000 after purchasing an additional 11,975 shares during the period. State Street Corp raised its stake in Peoples Bancorp by 32.5% during the second quarter. State Street Corp now owns 403,950 shares of the bank’s stock worth $12,976,000 after purchasing an additional 99,066 shares during the period. Vanguard Group Inc. raised its stake in Peoples Bancorp by 8.5% during the second quarter. Vanguard Group Inc. now owns 739,754 shares of the bank’s stock worth $23,768,000 after purchasing an additional 58,021 shares during the period. Prudential Financial Inc. raised its stake in Peoples Bancorp by 23.6% during the second quarter. Prudential Financial Inc. now owns 16,934 shares of the bank’s stock worth $544,000 after purchasing an additional 3,230 shares during the period. Finally, Nationwide Fund Advisors raised its stake in Peoples Bancorp by 40.6% during the third quarter. Nationwide Fund Advisors now owns 58,312 shares of the bank’s stock worth $1,959,000 after purchasing an additional 16,825 shares during the period. Hedge funds and other institutional investors own 63.50% of the company’s stock.

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Peoples Bancorp Company Profile

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.

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