Peoples Bancorp Inc. (PEBO) Given Average Recommendation of “Hold” by Analysts

Shares of Peoples Bancorp Inc. (NASDAQ:PEBO) have earned a consensus rating of “Hold” from the seven ratings firms that are currently covering the company, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $38.00.

A number of analysts recently weighed in on PEBO shares. Hovde Group set a $39.00 price objective on shares of Peoples Bancorp and gave the stock a “hold” rating in a research note on Tuesday, April 24th. Boenning Scattergood reaffirmed a “hold” rating on shares of Peoples Bancorp in a research note on Wednesday, April 25th. ValuEngine lowered shares of Peoples Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, April 12th. BidaskClub raised shares of Peoples Bancorp from a “hold” rating to a “buy” rating in a research note on Tuesday, March 20th. Finally, Zacks Investment Research raised shares of Peoples Bancorp from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a research note on Friday, April 27th.

NASDAQ PEBO opened at $37.16 on Thursday. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $714.77 million, a PE ratio of 16.30, a P/E/G ratio of 1.79 and a beta of 0.73. Peoples Bancorp has a 12 month low of $29.55 and a 12 month high of $38.03.

Peoples Bancorp (NASDAQ:PEBO) last posted its quarterly earnings results on Tuesday, April 24th. The bank reported $0.64 EPS for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.04. The firm had revenue of $44.25 million for the quarter, compared to analysts’ expectations of $42.87 million. Peoples Bancorp had a net margin of 22.48% and a return on equity of 8.83%. equities research analysts anticipate that Peoples Bancorp will post 2.58 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 21st. Investors of record on Monday, May 7th were paid a $0.28 dividend. The ex-dividend date was Friday, May 4th. This is a positive change from Peoples Bancorp’s previous quarterly dividend of $0.26. This represents a $1.12 dividend on an annualized basis and a yield of 3.01%. Peoples Bancorp’s dividend payout ratio is 49.12%.

In related news, Director George W. Broughton sold 1,000 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $35.26, for a total value of $35,260.00. Following the completion of the sale, the director now directly owns 160,750 shares of the company’s stock, valued at $5,668,045. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.03% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its position in shares of Peoples Bancorp by 4.3% during the first quarter. Dimensional Fund Advisors LP now owns 1,409,206 shares of the bank’s stock valued at $49,956,000 after buying an additional 57,527 shares during the last quarter. BlackRock Inc. lifted its position in shares of Peoples Bancorp by 1.0% during the first quarter. BlackRock Inc. now owns 1,305,308 shares of the bank’s stock valued at $46,273,000 after buying an additional 13,520 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of Peoples Bancorp by 15.4% during the fourth quarter. Franklin Resources Inc. now owns 988,988 shares of the bank’s stock valued at $32,261,000 after buying an additional 132,138 shares during the last quarter. Banc Funds Co. LLC lifted its position in shares of Peoples Bancorp by 3.9% during the fourth quarter. Banc Funds Co. LLC now owns 568,141 shares of the bank’s stock valued at $18,533,000 after buying an additional 21,259 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Peoples Bancorp by 1.2% during the first quarter. The Manufacturers Life Insurance Company now owns 459,776 shares of the bank’s stock valued at $16,299,000 after buying an additional 5,412 shares during the last quarter. 61.80% of the stock is owned by institutional investors.

Peoples Bancorp Company Profile

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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