Peoples Bancorp Inc. (NASDAQ:PEBO) Receives Consensus Rating of “Moderate Buy” from Analysts
by Jessica Moore · The Cerbat GemShares of Peoples Bancorp Inc. (NASDAQ:PEBO – Get Free Report) have received a consensus rating of “Moderate Buy” from the six analysts that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $42.00.
Several equities analysts have recently commented on PEBO shares. Weiss Ratings restated a “buy (b)” rating on shares of Peoples Bancorp in a research note on Wednesday, August 26th. DA Davidson upped their price objective on shares of Peoples Bancorp from $41.00 to $44.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. Keefe, Bruyette & Woods increased their target price on shares of Peoples Bancorp from $38.00 to $42.00 and gave the stock a “market perform” rating in a report on Wednesday, July 22nd. Finally, Piper Sandler set a $46.00 target price on shares of Peoples Bancorp in a research report on Wednesday, July 22nd.
View Our Latest Stock Analysis on PEBO
Peoples Bancorp Stock Performance
Peoples Bancorp stock opened at $40.17 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market capitalization of $1.44 billion, a PE ratio of 12.14 and a beta of 0.59. The company has a 50 day moving average price of $40.11 and a 200-day moving average price of $36.38. Peoples Bancorp has a fifty-two week low of $27.49 and a fifty-two week high of $42.29.
Peoples Bancorp (NASDAQ:PEBO – Get Free Report) last announced its quarterly earnings data on Tuesday, July 21st. The bank reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.11. Peoples Bancorp had a return on equity of 10.71% and a net margin of 19.17%.The company had revenue of $121.95 million for the quarter, compared to analysts’ expectations of $120.05 million. As a group, equities analysts forecast that Peoples Bancorp will post 3.56 earnings per share for the current year.
Peoples Bancorp Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 3rd were paid a dividend of $0.42 per share. The ex-dividend date was Monday, August 3rd. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.2%. Peoples Bancorp’s dividend payout ratio (DPR) is currently 50.76%.
Insider Activity at Peoples Bancorp
In other Peoples Bancorp news, insider Matthew Edgell sold 3,000 shares of the stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $41.27, for a total transaction of $123,810.00. Following the sale, the insider owned 20,183 shares of the company’s stock, valued at approximately $832,952.41. This trade represents a 12.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dwight Smith purchased 1,000 shares of the business’s stock in a transaction dated Thursday, July 23rd. The stock was bought at an average price of $39.81 per share, for a total transaction of $39,810.00. Following the completion of the acquisition, the director directly owned 10,256 shares in the company, valued at approximately $408,291.36. This trade represents a 10.80% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 3.31% of the company’s stock.
Institutional Investors Weigh In On Peoples Bancorp
Institutional investors have recently added to or reduced their stakes in the stock. Engineers Gate Manager LP grew its stake in Peoples Bancorp by 13.7% in the second quarter. Engineers Gate Manager LP now owns 8,504 shares of the bank’s stock valued at $327,000 after purchasing an additional 1,023 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of Peoples Bancorp during the second quarter valued at about $207,000. Allworth Financial LP boosted its holdings in shares of Peoples Bancorp by 87.0% in the 2nd quarter. Allworth Financial LP now owns 1,307 shares of the bank’s stock valued at $50,000 after buying an additional 608 shares in the last quarter. Waverly Advisors LLC boosted its holdings in shares of Peoples Bancorp by 3.5% in the 2nd quarter. Waverly Advisors LLC now owns 14,754 shares of the bank’s stock valued at $567,000 after buying an additional 505 shares in the last quarter. Finally, Corient Private Wealth LP purchased a new position in shares of Peoples Bancorp in the 2nd quarter worth approximately $324,000. Institutional investors own 60.68% of the company’s stock.
About Peoples Bancorp
Peoples Bancorp Inc is a financial holding company headquartered in Marietta, Ohio. Through its principal subsidiary, Peoples Bank, the company provides community banking services to consumers, businesses and institutions.
Its offerings include deposit accounts, residential and commercial mortgages, consumer and business loans, credit and debit cards, cash-management services and online and mobile banking. Peoples also provides wealth-management, trust and investment services, as well as insurance products through affiliated businesses.
Founded in 1902, Peoples Bancorp has developed a regional banking franchise serving communities across Ohio, West Virginia, Kentucky and Virginia.
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