Peoples Bancorp (NASDAQ:PEBO) Upgraded at StockNews.com

StockNews.com upgraded shares of Peoples Bancorp (NASDAQ:PEBO) from a sell rating to a hold rating in a research report sent to investors on Saturday.

PEBO has been the subject of a number of other reports. Keefe, Bruyette & Woods reissued a market perform rating and set a $33.00 price target (down from $36.00) on shares of Peoples Bancorp in a research report on Wednesday, April 24th. Piper Sandler assumed coverage on shares of Peoples Bancorp in a report on Friday, February 23rd. They set an overweight rating and a $34.00 target price for the company. Hovde Group assumed coverage on shares of Peoples Bancorp in a report on Monday, April 1st. They issued a market perform rating and a $31.00 price target on the stock. Finally, Stephens reaffirmed an equal weight rating and set a $34.00 price target on shares of Peoples Bancorp in a research report on Wednesday, April 24th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of Hold and a consensus target price of $33.40.

Peoples Bancorp Stock Down 1.6 %

Peoples Bancorp stock opened at $29.04 on Friday. The business’s 50-day simple moving average is $28.34 and its two-hundred day simple moving average is $29.43. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.83 and a current ratio of 0.83. The company has a market cap of $1.03 billion, a PE ratio of 8.69 and a beta of 0.76. Peoples Bancorp has a fifty-two week low of $23.05 and a fifty-two week high of $34.85.

Peoples Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Monday, May 6th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, May 3rd. This is a boost from Peoples Bancorp’s previous quarterly dividend of $0.39. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.51%. Peoples Bancorp’s dividend payout ratio (DPR) is 47.90%.

Hedge Funds Weigh In On Peoples Bancorp

A number of hedge funds have recently bought and sold shares of the business. Arizona State Retirement System raised its stake in shares of Peoples Bancorp by 3.7% during the 4th quarter. Arizona State Retirement System now owns 9,393 shares of the bank’s stock worth $317,000 after buying an additional 333 shares during the period. Federated Hermes Inc. lifted its holdings in Peoples Bancorp by 1.6% during the third quarter. Federated Hermes Inc. now owns 24,023 shares of the bank’s stock valued at $610,000 after purchasing an additional 382 shares in the last quarter. Shoker Investment Counsel Inc. raised its position in shares of Peoples Bancorp by 1.3% during the 3rd quarter. Shoker Investment Counsel Inc. now owns 29,724 shares of the bank’s stock worth $754,000 after purchasing an additional 385 shares during the last quarter. D.A. Davidson & CO. lifted its stake in Peoples Bancorp by 3.7% in the 4th quarter. D.A. Davidson & CO. now owns 11,988 shares of the bank’s stock valued at $405,000 after buying an additional 433 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. boosted its holdings in Peoples Bancorp by 5.2% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 11,998 shares of the bank’s stock worth $305,000 after buying an additional 590 shares during the last quarter. Hedge funds and other institutional investors own 60.68% of the company’s stock.

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.