Peoples Bancorp (NASDAQ:PEBO) Earns Equal Weight Rating from Stephens

Peoples Bancorp (NASDAQ:PEBO)‘s stock had its “equal weight” rating reissued by equities researchers at Stephens in a research report issued to clients and investors on Wednesday,Benzinga reports. They currently have a $37.50 price objective on the bank’s stock. Stephens’ price target suggests a potential upside of 19.01% from the stock’s current price.

Several other analysts also recently issued reports on PEBO. Keefe, Bruyette & Woods upped their price objective on Peoples Bancorp from $32.00 to $36.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Piper Sandler decreased their price target on shares of Peoples Bancorp from $39.00 to $36.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 23rd. Finally, DA Davidson cut their price objective on shares of Peoples Bancorp from $42.00 to $40.00 and set a “buy” rating for the company in a research report on Wednesday. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Peoples Bancorp has a consensus rating of “Hold” and a consensus price target of $36.90.

Peoples Bancorp Price Performance

Peoples Bancorp stock traded up $0.16 during midday trading on Wednesday, reaching $31.51. The company’s stock had a trading volume of 70,268 shares, compared to its average volume of 125,380. The firm has a market capitalization of $1.12 billion, a PE ratio of 9.02 and a beta of 0.79. 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 stock’s 50 day simple moving average is $33.31 and its 200 day simple moving average is $31.92. Peoples Bancorp has a fifty-two week low of $26.74 and a fifty-two week high of $37.07.

Peoples Bancorp (NASDAQ:PEBO) last announced its quarterly earnings results on Tuesday, January 21st. The bank reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.01. Peoples Bancorp had a return on equity of 11.84% and a net margin of 20.16%. During the same period in the previous year, the company earned $1.04 earnings per share. On average, equities research analysts forecast that Peoples Bancorp will post 3.31 earnings per share for the current year.

Insider Buying and Selling at Peoples Bancorp

In related news, insider Matthew Edgell sold 3,000 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $34.36, for a total transaction of $103,080.00. Following the sale, the insider now owns 16,092 shares in the company, valued at $552,921.12. This represents a 15.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Carol A. Schneeberger sold 1,000 shares of the stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $31.02, for a total value of $31,020.00. Following the sale, the director now owns 27,686 shares in the company, valued at $858,819.72. The trade was a 3.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,420 shares of company stock valued at $424,076 over the last three months. 3.46% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. FMR LLC raised its position in shares of 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 buying an additional 370 shares in the last quarter. CWM LLC boosted its stake in Peoples Bancorp by 503.9% during the 3rd quarter. CWM LLC now owns 1,860 shares of the bank’s stock valued at $56,000 after purchasing an additional 1,552 shares in the last quarter. nVerses Capital LLC increased its position in shares of Peoples Bancorp by 322.2% during the 3rd quarter. nVerses Capital LLC now owns 3,800 shares of the bank’s stock valued at $114,000 after purchasing an additional 2,900 shares during the period. Quantbot Technologies LP boosted its position in shares of Peoples Bancorp by 223.3% during the 3rd quarter. Quantbot Technologies LP now owns 3,964 shares of the bank’s stock valued at $119,000 after purchasing an additional 2,738 shares in the last quarter. Finally, Future Financial Wealth Managment LLC acquired a new position in Peoples Bancorp in the third quarter worth approximately $123,000. Institutional investors own 60.68% of the company’s stock.

About Peoples Bancorp

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.