Peoples Bancorp’s (NASDAQ:PEBO) Neutral Rating Reiterated at Keefe, Bruyette & Woods
A number of other brokerages have also recently issued reports on PEBO. BidaskClub cut Peoples Bancorp from a hold rating to a sell rating in a report on Sunday, July 16th. Zacks Investment Research lowered Peoples Bancorp from a buy rating to a hold rating in a research note on Wednesday, June 28th. Finally, ValuEngine upgraded Peoples Bancorp from a hold rating to a buy rating in a research note on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $34.33.
Peoples Bancorp (PEBO) traded down 1.25% on Tuesday, reaching $32.51. The company’s stock had a trading volume of 32,380 shares. The firm has a market cap of $586.61 million, a PE ratio of 17.57 and a beta of 0.76. The stock’s 50 day moving average price is $32.37 and its 200 day moving average price is $32.11. Peoples Bancorp has a 52-week low of $22.14 and a 52-week high of $35.43.
Peoples Bancorp (NASDAQ:PEBO) last issued its quarterly earnings data on Tuesday, July 25th. The bank reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.07. The business had revenue of $41.68 million for the quarter, compared to analysts’ expectations of $40.81 million. Peoples Bancorp had a return on equity of 7.68% and a net margin of 19.67%. Equities research analysts expect that Peoples Bancorp will post $2.03 earnings per share for the current fiscal year.
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The firm also recently announced a quarterly dividend, which will be paid on Friday, August 18th. Shareholders of record on Friday, August 4th will be paid a $0.22 dividend. This is a positive change 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%. The ex-dividend date of this dividend is Wednesday, August 2nd. Peoples Bancorp’s dividend 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 on Tuesday, June 6th. The shares were acquired at an average cost of $31.18 per share, for a total transaction of $31,180.00. Following the purchase, the director now directly owns 2,427 shares of the company’s stock, valued at $75,673.86. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 3.04% of the stock is owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in the company. Ameriprise Financial Inc. acquired a new position in shares of Peoples Bancorp during the first quarter worth $475,000. Karp Capital Management Corp acquired a new position in shares of Peoples Bancorp during the first quarter worth $641,000. Bank of New York Mellon Corp raised its position in shares of Peoples Bancorp by 4.8% in the first quarter. Bank of New York Mellon Corp now owns 123,192 shares of the bank’s stock worth $3,900,000 after buying an additional 5,654 shares in the last quarter. First Trust Advisors LP raised its position in shares of Peoples Bancorp by 59.2% in the first quarter. First Trust Advisors LP now owns 81,347 shares of the bank’s stock worth $2,575,000 after buying an additional 30,243 shares in the last quarter. Finally, LSV Asset Management raised its position in shares of Peoples Bancorp by 28.6% in the first quarter. LSV Asset Management now owns 375,848 shares of the bank’s stock worth $11,899,000 after buying an additional 83,631 shares in the last quarter. Institutional investors and hedge funds 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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