ValuEngine upgraded shares of Peoples Bancorp (NASDAQ:PEBO) from a sell rating to a hold rating in a report published on Tuesday morning.
Other equities research analysts have also recently issued research reports about the company. Zacks Investment Research upgraded Peoples Bancorp from a hold rating to a buy rating and set a $43.00 target price on the stock in a report on Saturday, July 28th. BidaskClub upgraded Peoples Bancorp from a hold rating to a buy rating in a report on Wednesday, June 20th. Boenning Scattergood reiterated a hold rating on shares of Peoples Bancorp in a report on Wednesday, July 25th. Finally, Hovde Group set a $40.00 target price on Peoples Bancorp and gave the company a hold rating in a report on Wednesday, July 25th. Six research analysts have rated the stock with a hold rating, Peoples Bancorp presently has a consensus rating of Hold and a consensus price target of $40.00.
Shares of PEBO traded down $0.83 on Tuesday, reaching $32.93. The stock had a trading volume of 59,726 shares, compared to its average volume of 42,777. The stock has a market cap of $684.33 million, a P/E ratio of 14.44, a P/E/G ratio of 1.67 and a beta of 0.68. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.82 and a quick ratio of 0.82. Peoples Bancorp has a twelve month low of $30.84 and a twelve month high of $39.58.
Peoples Bancorp (NASDAQ:PEBO) last announced its earnings results on Tuesday, July 24th. The bank reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. The firm had revenue of $46.62 million for the quarter, compared to analysts’ expectations of $46.56 million. Peoples Bancorp had a return on equity of 9.07% and a net margin of 20.70%. Research analysts expect that Peoples Bancorp will post 2.63 EPS for the current fiscal year.
Large investors have recently made changes to their positions in the business. Systematic Financial Management LP acquired a new stake in Peoples Bancorp during the 2nd quarter valued at $1,157,000. US Bancorp DE grew its holdings in 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 buying an additional 8,676 shares during the last quarter. WBI Investments Inc. acquired a new stake in Peoples Bancorp during the 2nd quarter valued at $862,000. Northern Trust Corp lifted its stake in shares of Peoples Bancorp by 1.4% during the 1st quarter. Northern Trust Corp now owns 196,656 shares of the bank’s stock worth $6,972,000 after purchasing an additional 2,739 shares during the period. Finally, Prudential Financial Inc. lifted its stake in shares of Peoples Bancorp by 11.9% during the 1st quarter. Prudential Financial Inc. now owns 23,587 shares of the bank’s stock worth $837,000 after purchasing an additional 2,500 shares during the period. Hedge funds and other institutional investors own 61.68% of the company’s stock.
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.
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