Peoples Bancorp Inc. (NASDAQ:PEBO – Get Free Report) has been assigned an average rating of “Hold” from the five brokerages that are presently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $36.90.
A number of research analysts recently weighed in on PEBO shares. DA Davidson decreased their price target on shares of Peoples Bancorp from $42.00 to $40.00 and set a “buy” rating on the stock in a research note on Wednesday, January 22nd. Stephens restated an “equal weight” rating and issued a $37.50 target price on shares of Peoples Bancorp in a research report on Wednesday, January 22nd. Keefe, Bruyette & Woods boosted their price target on Peoples Bancorp from $32.00 to $36.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Finally, Piper Sandler raised their price objective on Peoples Bancorp from $39.00 to $40.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd.
View Our Latest Analysis on PEBO
Peoples Bancorp Price Performance
Peoples Bancorp (NASDAQ:PEBO – Get Free Report) last posted its quarterly earnings data on Tuesday, January 21st. The bank reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.01. Peoples Bancorp had a net margin of 18.90% and a return on equity of 11.07%. During the same quarter in the previous year, the firm earned $1.04 earnings per share. On average, analysts anticipate that Peoples Bancorp will post 3.19 EPS for the current fiscal year.
Peoples Bancorp Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be given a dividend of $0.40 per share. The ex-dividend date is Monday, February 3rd. This represents a $1.60 dividend on an annualized basis and a yield of 4.90%. Peoples Bancorp’s payout ratio is 48.34%.
Insider Buying and Selling at Peoples Bancorp
In other Peoples Bancorp news, Director S Craig Beam sold 4,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $34.31, for a total value of $137,240.00. Following the transaction, the director now directly owns 23,760 shares in the company, valued at $815,205.60. The trade was a 14.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Matthew Edgell sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $34.36, for a total transaction of $103,080.00. Following the sale, the insider now owns 16,092 shares of the company’s stock, valued at $552,921.12. This represents a 15.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,000 shares of company stock worth $411,010 in the last three months. 3.46% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Peoples Bancorp
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its position in shares of Peoples Bancorp by 0.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,465,385 shares of the bank’s stock worth $73,960,000 after purchasing an additional 6,712 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Peoples Bancorp by 158.5% during the second quarter. AQR Capital Management LLC now owns 57,631 shares of the bank’s stock valued at $1,729,000 after acquiring an additional 35,333 shares during the last quarter. Creative Planning increased its position in shares of Peoples Bancorp by 38.4% during the second quarter. Creative Planning now owns 23,591 shares of the bank’s stock valued at $708,000 after acquiring an additional 6,542 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Peoples Bancorp in the 3rd quarter valued at approximately $250,000. Finally, Future Financial Wealth Managment LLC acquired a new position in shares of Peoples Bancorp in the 3rd quarter worth approximately $123,000. Hedge funds and other institutional investors own 60.68% of the company’s stock.
About Peoples Bancorp
Peoples Bancorp Inc operates as the holding company for Peoples Bank that provides commercial and consumer banking products and services. The company accepts various deposit products, including demand deposit accounts, savings accounts, money market accounts, certificates of deposit, and governmental deposits; and provides commercial and industrial, commercial real estate, construction, finance, residential real estate, and consumer indirect and direct loans, as well as home equity lines of credit and overdrafts.
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