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

Peoples Bancorp Inc. (NASDAQ:PEBOGet Free Report) has been given an average recommendation of “Moderate Buy” by the six research firms that are covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $37.00.

A number of brokerages have recently issued reports on PEBO. Piper Sandler raised their price target on shares of Peoples Bancorp from $37.00 to $41.00 and gave the company an “overweight” rating in a report on Thursday, April 23rd. DA Davidson raised their target price on shares of Peoples Bancorp from $37.00 to $38.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. Finally, Hovde Group raised their target price on shares of Peoples Bancorp from $33.00 to $36.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 22nd.

View Our Latest Report on PEBO

Insider Activity

In other Peoples Bancorp news, Director Dwight Eric Smith bought 1,000 shares of the business’s stock in a transaction that occurred on Monday, April 27th. The stock was purchased at an average cost of $34.51 per share, with a total value of $34,510.00. Following the completion of the acquisition, the director owned 9,256 shares in the company, valued at $319,424.56. This trade represents a 12.11% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Carol A. Schneeberger sold 1,895 shares of the firm’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $31.37, for a total transaction of $59,446.15. Following the completion of the transaction, the director directly owned 19,309 shares of the company’s stock, valued at approximately $605,723.33. This trade represents a 8.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 3,881 shares of company stock worth $122,872 over the last quarter. Insiders own 3.31% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of PEBO. Larson Financial Group LLC purchased a new position in shares of Peoples Bancorp in the third quarter valued at $30,000. Quarry LP purchased a new position in shares of Peoples Bancorp in the third quarter valued at $35,000. Strs Ohio purchased a new position in shares of Peoples Bancorp in the first quarter valued at $62,000. Accredited Wealth Management LLC grew its holdings in shares of Peoples Bancorp by 524.0% in the third quarter. Accredited Wealth Management LLC now owns 2,184 shares of the bank’s stock valued at $65,000 after purchasing an additional 1,834 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in shares of Peoples Bancorp by 19.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,688 shares of the bank’s stock valued at $81,000 after purchasing an additional 445 shares in the last quarter. 60.68% of the stock is owned by hedge funds and other institutional investors.

Peoples Bancorp Price Performance

NASDAQ:PEBO opened at $34.78 on Monday. The firm has a market cap of $1.25 billion, a P/E ratio of 11.15 and a beta of 0.62. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.83 and a current ratio of 0.84. Peoples Bancorp has a fifty-two week low of $27.49 and a fifty-two week high of $35.46. The firm has a 50-day simple moving average of $33.76 and a two-hundred day simple moving average of $32.22.

Peoples Bancorp (NASDAQ:PEBOGet Free Report) last released its quarterly earnings data on Tuesday, April 21st. The bank reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.02. The business had revenue of $119.33 million during the quarter, compared to analyst estimates of $118.72 million. Peoples Bancorp had a net margin of 17.92% and a return on equity of 9.75%. Analysts predict that Peoples Bancorp will post 3.41 earnings per share for the current fiscal year.

Peoples Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 18th. Stockholders of record on Monday, May 4th were given a dividend of $0.42 per share. The ex-dividend date was Monday, May 4th. This is an increase from Peoples Bancorp’s previous quarterly dividend of $0.41. This represents a $1.68 annualized dividend and a dividend yield of 4.8%. Peoples Bancorp’s dividend payout ratio (DPR) is 53.85%.

Peoples Bancorp Company Profile

(Get Free Report)

Peoples Bancorp, Inc is a bank holding company headquartered in Marietta, Ohio. Through its subsidiary Peoples Bank, the company provides a comprehensive range of commercial and consumer banking services designed to serve individuals, businesses and institutional clients. Its deposit products include checking and savings accounts, money market accounts, certificates of deposit and digital banking platforms that enable secure online and mobile access.

On the lending side, Peoples Bancorp offers commercial and industrial loans, commercial real estate financing, construction and agricultural lending, as well as residential mortgage products.

See Also

Analyst Recommendations for Peoples Bancorp (NASDAQ:PEBO)

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