Peoples Bancorp Inc. (NASDAQ:PEBO) was the target of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totalling 100,000 shares, a decrease of 46.1% from the August 30th total of 185,700 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average trading volume of 48,300 shares, the days-to-cover ratio is currently 2.1 days.
NASDAQ PEBO traded up $0.52 during trading on Friday, hitting $31.12. 56,919 shares of the company’s stock traded hands, compared to its average volume of 46,495. The stock has a fifty day moving average of $31.45 and a two-hundred day moving average of $31.75. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.81 and a quick ratio of 0.80. Peoples Bancorp has a 12-month low of $28.35 and a 12-month high of $35.15. The firm has a market cap of $633.40 million, a P/E ratio of 11.79 and a beta of 0.74.
Peoples Bancorp (NASDAQ:PEBO) last posted its quarterly earnings results on Tuesday, July 23rd. The bank reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.07. Peoples Bancorp had a net margin of 22.61% and a return on equity of 10.65%. The business had revenue of $51.34 million during the quarter, compared to analyst estimates of $51.14 million. As a group, analysts expect that Peoples Bancorp will post 2.89 earnings per share for the current fiscal year.
PEBO has been the topic of a number of research analyst reports. BidaskClub cut Peoples Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, October 1st. Zacks Investment Research cut Peoples Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday.
In related news, Director George W. Broughton sold 6,072 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $32.34, for a total value of $196,368.48. Following the transaction, the director now owns 134,325 shares of the company’s stock, valued at $4,344,070.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.89% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of PEBO. Community Trust & Investment Co. purchased a new stake in Peoples Bancorp during the third quarter valued at about $5,829,000. Nuveen Asset Management LLC purchased a new stake in Peoples Bancorp during the second quarter valued at about $5,788,000. Kennedy Capital Management Inc. purchased a new stake in Peoples Bancorp during the first quarter valued at about $3,351,000. BlackRock Inc. boosted its position in Peoples Bancorp by 3.2% during the second quarter. BlackRock Inc. now owns 1,427,780 shares of the bank’s stock valued at $46,062,000 after buying an additional 43,948 shares during the period. Finally, Dupont Capital Management Corp purchased a new stake in Peoples Bancorp during the second quarter valued at about $665,000. Institutional investors and hedge funds own 57.69% 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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