Peoples Bancorp Inc. (NASDAQ:PEBO) Receives Average Recommendation of “Hold” from Analysts

Shares of Peoples Bancorp Inc. (NASDAQ:PEBO) have earned a consensus rating of “Hold” from the five brokerages that are currently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $36.90.

Several equities research analysts have recently issued reports on the company. DA Davidson decreased their target price on Peoples Bancorp from $42.00 to $40.00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd. Keefe, Bruyette & Woods raised their target price on Peoples Bancorp from $32.00 to $36.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Piper Sandler raised their target price on Peoples Bancorp from $39.00 to $40.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Finally, Stephens reaffirmed an “equal weight” rating and set a $37.50 target price on shares of Peoples Bancorp in a research report on Wednesday, January 22nd.

Insider Transactions at Peoples Bancorp

In other Peoples Bancorp news, Director Carol A. Schneeberger sold 1,000 shares of the firm’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $30.20, for a total value of $30,200.00. Following the completion of the transaction, the director now owns 25,686 shares in the company, valued at $775,717.20. This trade represents a 3.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In the last 90 days, insiders sold 3,000 shares of company stock worth $94,050. 3.46% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Shoker Investment Counsel Inc. raised its holdings in shares of Peoples Bancorp by 1.0% in the 4th quarter. Shoker Investment Counsel Inc. now owns 31,467 shares of the bank’s stock valued at $997,000 after acquiring an additional 316 shares in the last quarter. FMR LLC raised its holdings in shares of Peoples Bancorp by 42.0% in the 3rd quarter. FMR LLC now owns 1,252 shares of the bank’s stock valued at $38,000 after acquiring an additional 370 shares in the last quarter. Arizona State Retirement System raised its holdings in shares of Peoples Bancorp by 6.1% in the 4th quarter. Arizona State Retirement System now owns 10,304 shares of the bank’s stock valued at $327,000 after acquiring an additional 595 shares in the last quarter. D.A. Davidson & CO. raised its holdings in shares of Peoples Bancorp by 2.7% in the 3rd quarter. D.A. Davidson & CO. now owns 23,961 shares of the bank’s stock valued at $721,000 after acquiring an additional 626 shares in the last quarter. Finally, US Bancorp DE raised its holdings in shares of Peoples Bancorp by 172.8% in the 4th quarter. US Bancorp DE now owns 1,094 shares of the bank’s stock valued at $35,000 after acquiring an additional 693 shares in the last quarter. Institutional investors own 60.68% of the company’s stock.

Peoples Bancorp Stock Performance

NASDAQ PEBO opened at $29.80 on Thursday. The firm has a market capitalization of $1.06 billion, a P/E ratio of 9.00 and a beta of 0.75. The business has a fifty day simple moving average of $31.72 and a 200 day simple moving average of $32.06. Peoples Bancorp has a 12 month low of $27.03 and a 12 month high of $37.07. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.21.

Peoples Bancorp (NASDAQ:PEBO) last released its quarterly earnings results on Tuesday, January 21st. The bank reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.01. Peoples Bancorp had a return on equity of 11.07% and a net margin of 18.90%. During the same period last year, the company posted $1.04 earnings per share. On average, analysts predict that Peoples Bancorp will post 3.28 EPS for the current fiscal year.

Peoples Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.60 annualized dividend and a dividend yield of 5.37%. Peoples Bancorp’s payout ratio is 48.34%.

Peoples Bancorp Company Profile

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.