Peoples Bancorp’s (NASDAQ:PEBO) Hold Rating Reiterated at Boenning Scattergood
Boenning Scattergood reiterated their hold rating on shares of Peoples Bancorp Inc. (NASDAQ:PEBO) in a research note issued to investors on Wednesday morning. Boenning Scattergood also issued estimates for Peoples Bancorp’s Q3 2017 earnings at $0.52 EPS, Q4 2017 earnings at $0.51 EPS, FY2017 earnings at $2.04 EPS and FY2018 earnings at $2.10 EPS.
Several other equities research analysts also recently commented on PEBO. Keefe, Bruyette & Woods reiterated a hold rating and set a $31.00 price objective on shares of Peoples Bancorp in a research note on Monday, April 10th. ValuEngine upgraded shares of Peoples Bancorp from a hold rating to a buy rating in a research note on Friday, June 2nd. Zacks Investment Research downgraded shares of Peoples Bancorp from a buy rating to a hold rating in a research note on Wednesday, June 28th. Finally, BidaskClub downgraded shares of Peoples Bancorp from a hold rating to a sell rating in a research note on Sunday, July 16th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Peoples Bancorp currently has an average rating of Hold and a consensus price target of $34.33.
Shares of Peoples Bancorp (NASDAQ PEBO) opened at 32.51 on Wednesday. The firm’s 50-day moving average is $32.37 and its 200-day moving average is $32.11. Peoples Bancorp has a 52 week low of $22.14 and a 52 week high of $35.43. The stock has a market capitalization of $586.61 million, a price-to-earnings ratio of 17.57 and a beta of 0.76.
Peoples Bancorp (NASDAQ:PEBO) last posted its quarterly earnings data on Tuesday, July 25th. The bank reported $0.53 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.07. Peoples Bancorp had a net margin of 19.67% and a return on equity of 7.68%. The business had revenue of $41.68 million during the quarter, compared to the consensus estimate of $40.81 million. Analysts forecast that Peoples Bancorp will post $2.03 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 18th. Investors of record on Friday, August 4th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Wednesday, August 2nd. This is an increase from Peoples Bancorp’s previous quarterly dividend of $0.20. This represents a $0.88 dividend on an annualized basis and a yield of 2.71%. Peoples Bancorp’s payout ratio is currently 43.24%.
In other Peoples Bancorp news, Director Terry Thomas Sweet bought 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 6th. The stock was bought at an average cost of $31.18 per share, for a total transaction of $31,180.00. Following the completion of the transaction, the director now directly owns 2,427 shares of the company’s stock, valued at approximately $75,673.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.04% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Park National Corp OH acquired a new position in Peoples Bancorp during the second quarter worth about $203,000. Goldman Sachs Group Inc. acquired a new position in Peoples Bancorp during the first quarter worth about $217,000. Highbridge Capital Management LLC acquired a new position in Peoples Bancorp during the first quarter worth about $232,000. AXA acquired a new position in Peoples Bancorp during the first quarter worth about $253,000. Finally, American International Group Inc. increased its position in Peoples Bancorp by 7.1% in the first quarter. American International Group Inc. now owns 9,897 shares of the bank’s stock worth $313,000 after buying an additional 659 shares in the last quarter. Institutional investors own 62.25% of the company’s stock.
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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