Peoples Bancorp (PEBO) Raised to Hold at BidaskClub

Peoples Bancorp (NASDAQ:PEBO) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Thursday.

Several other analysts also recently issued reports on PEBO. Zacks Investment Research upgraded Peoples Bancorp from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research report on Wednesday. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $34.00 target price on shares of Peoples Bancorp in a research note on Tuesday, October 3rd. Finally, Boenning Scattergood restated a “hold” rating on shares of Peoples Bancorp in a research note on Wednesday. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $34.67.

Peoples Bancorp (NASDAQ:PEBO) traded up $0.37 during midday trading on Thursday, reaching $34.12. The company’s stock had a trading volume of 57,249 shares, compared to its average volume of 29,056. The firm has a market cap of $604.56, a P/E ratio of 16.89, a P/E/G ratio of 2.19 and a beta of 0.73. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.82 and a current ratio of 0.82. Peoples Bancorp has a 52 week low of $29.55 and a 52 week high of $35.43.

Peoples Bancorp (NASDAQ:PEBO) last issued its quarterly earnings data on Tuesday, October 24th. The bank reported $0.60 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.09. Peoples Bancorp had a return on equity of 7.99% and a net margin of 21.10%. The company had revenue of $41.83 million during the quarter, compared to analysts’ expectations of $41.96 million. sell-side analysts anticipate that Peoples Bancorp will post 2.1 EPS for the current fiscal year.

Institutional investors have recently modified their holdings of the company. Context BH Capital Management LP lifted its position in shares of Peoples Bancorp by 1.6% in the second quarter. Context BH Capital Management LP now owns 37,404 shares of the bank’s stock worth $1,202,000 after buying an additional 600 shares during the last quarter. Thrivent Financial For Lutherans increased its stake in shares of Peoples Bancorp by 2.7% in the second quarter. Thrivent Financial For Lutherans now owns 23,050 shares of the bank’s stock worth $741,000 after purchasing an additional 600 shares during the period. Voya Investment Management LLC increased its stake in Peoples Bancorp by 8.4% during the second quarter. Voya Investment Management LLC now owns 12,654 shares of the bank’s stock valued at $407,000 after acquiring an additional 983 shares during the period. Sii Investments Inc. WI increased its stake in Peoples Bancorp by 6.2% during the second quarter. Sii Investments Inc. WI now owns 19,980 shares of the bank’s stock valued at $637,000 after acquiring an additional 1,170 shares during the period. Finally, Victory Capital Management Inc. increased its stake in Peoples Bancorp by 4.8% during the second quarter. Victory Capital Management Inc. now owns 33,659 shares of the bank’s stock valued at $1,081,000 after acquiring an additional 1,535 shares during the period. 63.50% of the stock is owned by institutional investors and hedge funds.

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Peoples Bancorp Company Profile

Peoples Bancorp Inc is a financial holding company. The Company operates principally through its subsidiary, Peoples Bank. Peoples Bank’s operating subsidiaries include Peoples Insurance Agency, LLC (Peoples Insurance) and two asset management companies, PBNA, LLC. and Peoples Tax Credit Equity, LLC.

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