Peoples Bancorp Inc. (NASDAQ:PEBO) Receives $36.90 Consensus Target Price from Analysts

Shares of Peoples Bancorp Inc. (NASDAQ:PEBO) have received an average rating of “Hold” from the five brokerages that are covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $36.90.

Several research firms have recently commented on PEBO. Piper Sandler lifted their price target on shares of Peoples Bancorp from $39.00 to $40.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Stephens restated an “equal weight” rating and issued a $37.50 target price on shares of Peoples Bancorp in a research report on Wednesday, January 22nd. DA Davidson reduced their price objective on shares of Peoples Bancorp from $42.00 to $40.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Peoples Bancorp from $32.00 to $36.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th.

Insiders Place Their Bets

In related news, Director Carol A. Schneeberger sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $32.83, for a total transaction of $32,830.00. Following the sale, the director now directly owns 26,686 shares of the company’s stock, valued at $876,101.38. This represents a 3.61 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 3,000 shares of company stock worth $94,050 over the last three months. Company insiders own 3.41% of the company’s stock.

Institutional Investors Weigh In On Peoples Bancorp

Large investors have recently added to or reduced their stakes in the business. US Bancorp DE increased its position in shares of Peoples Bancorp by 172.8% during the fourth quarter. US Bancorp DE now owns 1,094 shares of the bank’s stock worth $35,000 after acquiring an additional 693 shares during the period. Sterling Capital Management LLC increased its holdings in Peoples Bancorp by 815.7% during the 4th quarter. Sterling Capital Management LLC now owns 1,108 shares of the bank’s stock worth $35,000 after purchasing an additional 987 shares during the period. FMR LLC increased its holdings in Peoples Bancorp by 42.0% during the 3rd quarter. FMR LLC now owns 1,252 shares of the bank’s stock worth $38,000 after purchasing an additional 370 shares during the period. Spire Wealth Management purchased a new stake in Peoples Bancorp during the 4th quarter worth about $43,000. Finally, Quantbot Technologies LP increased its holdings in Peoples Bancorp by 223.3% during the 3rd quarter. Quantbot Technologies LP now owns 3,964 shares of the bank’s stock worth $119,000 after purchasing an additional 2,738 shares during the period. 60.68% of the stock is owned by hedge funds and other institutional investors.

Peoples Bancorp Stock Up 0.4 %

NASDAQ PEBO opened at $30.03 on Thursday. Peoples Bancorp has a 52 week low of $27.10 and a 52 week high of $37.07. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.21. The business’s fifty day simple moving average is $31.67 and its 200-day simple moving average is $32.03. The firm has a market cap of $1.07 billion, a PE ratio of 9.07 and a beta of 0.75.

Peoples Bancorp (NASDAQ:PEBO) last issued its earnings results on Tuesday, January 21st. The bank reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.01. Peoples Bancorp had a net margin of 18.90% and a return on equity of 11.07%. During the same quarter in the prior year, the firm earned $1.04 EPS. As a group, equities analysts anticipate that Peoples Bancorp will post 3.28 earnings per share for the current year.

Peoples Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were issued a $0.40 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.60 annualized dividend and a dividend yield of 5.33%. Peoples Bancorp’s dividend payout ratio is presently 48.34%.

Peoples Bancorp Company Profile

Peoples Bancorp Inc operates as the holding company for Peoples Bank that provides commercial and consumer banking products and services. The company accepts various deposit products, including demand deposit accounts, savings accounts, money market accounts, certificates of deposit, and governmental deposits; and provides commercial and industrial, commercial real estate, construction, finance, residential real estate, and consumer indirect and direct loans, as well as home equity lines of credit and overdrafts.