Peoples Bancorp (NASDAQ:PEBO) Downgraded by BidaskClub to “Hold”

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BidaskClub downgraded shares of Peoples Bancorp (NASDAQ:PEBO) from a buy rating to a hold rating in a research report sent to investors on Tuesday, September 18th.

Several other equities analysts have also commented on PEBO. Zacks Investment Research lowered shares of Peoples Bancorp from a buy rating to a hold rating in a research report on Wednesday, June 27th. Boenning Scattergood reiterated a hold rating on shares of Peoples Bancorp in a report on Wednesday, July 25th. ValuEngine downgraded Peoples Bancorp from a buy rating to a hold rating in a report on Wednesday, June 6th. Finally, Hovde Group set a $40.00 price objective on Peoples Bancorp and gave the stock a hold rating in a report on Wednesday, July 25th. Six analysts have rated the stock with a hold rating, The stock presently has a consensus rating of Hold and a consensus price target of $40.00.

Shares of NASDAQ PEBO traded down $0.83 during trading on Tuesday, reaching $32.93. 59,726 shares of the stock were exchanged, compared to its average volume of 42,777. Peoples Bancorp has a twelve month low of $30.84 and a twelve month high of $39.58. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.23. The stock has a market cap of $684.33 million, a P/E ratio of 14.44, a PEG ratio of 1.67 and a beta of 0.68.

Peoples Bancorp (NASDAQ:PEBO) last posted its quarterly earnings results on Tuesday, July 24th. The bank reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.01. Peoples Bancorp had a net margin of 20.70% and a return on equity of 9.07%. The firm had revenue of $46.62 million for the quarter, compared to analysts’ expectations of $46.56 million. On average, research analysts expect that Peoples Bancorp will post 2.63 EPS for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC bought a new stake in shares of Peoples Bancorp in the first quarter valued at approximately $114,000. UBS Group AG lifted its position in Peoples Bancorp by 26.8% in the first quarter. UBS Group AG now owns 6,908 shares of the bank’s stock worth $245,000 after purchasing an additional 1,460 shares during the period. Hancock Holding Co. bought a new position in Peoples Bancorp in the first quarter worth $269,000. MetLife Investment Advisors LLC lifted its position in Peoples Bancorp by 27.1% in the second quarter. MetLife Investment Advisors LLC now owns 8,443 shares of the bank’s stock worth $319,000 after purchasing an additional 1,802 shares during the period. Finally, US Bancorp DE lifted its position in Peoples Bancorp by 5,073.7% in the second quarter. US Bancorp DE now owns 8,847 shares of the bank’s stock worth $335,000 after purchasing an additional 8,676 shares during the period. 61.68% 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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