Peoples Bancorp (NASDAQ:PEBO) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Thursday.
Several other research analysts have also recently weighed in on PEBO. Zacks Investment Research cut shares of Peoples Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, June 27th. Boenning Scattergood reissued a “hold” rating on shares of Peoples Bancorp in a research report on Wednesday, July 25th. ValuEngine raised shares of Peoples Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, Hovde Group set a $40.00 price target on shares of Peoples Bancorp and gave the company a “hold” rating in a research report on Wednesday, July 25th. Six analysts have rated the stock with a hold rating, Peoples Bancorp has a consensus rating of “Hold” and an average price target of $40.00.
Peoples Bancorp stock opened at $32.93 on Thursday. Peoples Bancorp has a 52-week low of $30.84 and a 52-week high of $39.58. The firm has a market cap of $684.33 million, a PE ratio of 14.44, a price-to-earnings-growth ratio of 1.67 and a beta of 0.68. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.23.
Peoples Bancorp (NASDAQ:PEBO) last released its earnings results on Tuesday, July 24th. The bank reported $0.62 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.01. Peoples Bancorp had a net margin of 20.70% and a return on equity of 9.07%. The business had revenue of $46.62 million during the quarter, compared to analyst estimates of $46.56 million. Equities research analysts anticipate that Peoples Bancorp will post 2.63 EPS for the current fiscal year.
Hedge funds have recently made changes to their positions in the company. Systematic Financial Management LP acquired a new position in shares of Peoples Bancorp during the 2nd quarter valued at about $1,157,000. US Bancorp DE boosted its position in shares of Peoples Bancorp by 5,073.7% during the 2nd quarter. US Bancorp DE now owns 8,847 shares of the bank’s stock valued at $335,000 after acquiring an additional 8,676 shares during the last quarter. WBI Investments Inc. acquired a new position in shares of Peoples Bancorp during the 2nd quarter valued at about $862,000. Prudential Financial Inc. lifted its position in Peoples Bancorp by 11.9% in the first quarter. Prudential Financial Inc. now owns 23,587 shares of the bank’s stock valued at $837,000 after buying an additional 2,500 shares during the last quarter. Finally, Northern Trust Corp lifted its position in Peoples Bancorp by 1.4% in the first quarter. Northern Trust Corp now owns 196,656 shares of the bank’s stock valued at $6,972,000 after buying an additional 2,739 shares during the last quarter. 61.68% of the stock is currently owned by hedge funds and other institutional investors.
Peoples Bancorp Company Profile
Peoples Bancorp Inc operates as the holding company for Peoples Bank that provides commercial and retail banking products and services. The company accepts various deposit products, including demand deposit accounts, savings accounts, money market accounts, and certificates of deposit; and provides commercial real estate construction loans, other commercial real estate loans, commercial and industrial loans, residential real estate loans, home equity lines of credit, and indirect and other consumer loans.
See Also: Fiduciary
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