According to Zacks, “Peoples Bancorp Inc. is a bank holding company. “
A number of other research analysts also recently issued reports on the company. BidaskClub upgraded Peoples Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, October 23rd. ValuEngine upgraded Peoples Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th.
Shares of NASDAQ:PEBO opened at $33.13 on Thursday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.14. Peoples Bancorp has a twelve month low of $28.35 and a twelve month high of $35.15. The stock’s 50 day moving average is $32.02 and its 200-day moving average is $31.86. The firm has a market capitalization of $683.89 million, a price-to-earnings ratio of 12.55 and a beta of 0.74.
Peoples Bancorp (NASDAQ:PEBO) last issued its earnings results on Tuesday, October 22nd. The bank reported $0.72 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.72. The company had revenue of $52.15 million for the quarter, compared to analyst estimates of $51.98 million. Peoples Bancorp had a return on equity of 10.62% and a net margin of 22.95%. Equities research analysts anticipate that Peoples Bancorp will post 2.9 earnings per share for the current fiscal year.
In other Peoples Bancorp news, Director George W. Broughton sold 3,000 shares of the company’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $32.81, for a total value of $98,430.00. Following the completion of the transaction, the director now owns 128,429 shares in the company, valued at approximately $4,213,755.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.89% of the stock is owned by corporate insiders.
A number of large investors have recently made changes to their positions in the business. Wells Fargo & Company MN grew its stake in shares of Peoples Bancorp by 4.2% during the 2nd quarter. Wells Fargo & Company MN now owns 75,267 shares of the bank’s stock worth $2,428,000 after acquiring an additional 3,027 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Peoples Bancorp by 27.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 95,208 shares of the bank’s stock worth $3,062,000 after acquiring an additional 20,485 shares during the period. Nuveen Asset Management LLC bought a new position in shares of Peoples Bancorp during the 2nd quarter worth $5,788,000. Susquehanna International Group LLP bought a new position in shares of Peoples Bancorp during the 2nd quarter worth $234,000. Finally, Victory Capital Management Inc. grew its stake in shares of Peoples Bancorp by 25.2% during the 2nd quarter. Victory Capital Management Inc. now owns 70,260 shares of the bank’s stock worth $2,267,000 after acquiring an additional 14,135 shares during the period. Hedge funds and other institutional investors own 58.30% of the company’s stock.
About Peoples Bancorp
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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