Analysts Set Peoples Bancorp Inc. (NASDAQ:PEBO) PT at $36.90

Peoples Bancorp Inc. (NASDAQ:PEBO) has been assigned an average rating of “Hold” from the five research firms that are currently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $36.90.

Several research analysts have recently issued reports on the company. Piper Sandler upped their price objective on Peoples Bancorp from $39.00 to $40.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. DA Davidson decreased their price target 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, January 22nd. Stephens reiterated an “equal weight” rating and set a $37.50 price target on shares of Peoples Bancorp in a report on Wednesday, January 22nd. Finally, Keefe, Bruyette & Woods increased their price objective on Peoples Bancorp from $32.00 to $36.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th.

Peoples Bancorp Stock Performance

NASDAQ PEBO opened at $31.78 on Friday. The firm’s fifty day moving average price is $32.23 and its two-hundred day moving average price is $32.02. The stock has a market cap of $1.13 billion, a PE ratio of 9.60 and a beta of 0.78. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.83 and a current ratio of 0.83. 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 issued its quarterly earnings data on Tuesday, January 21st. The bank reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.01. Peoples Bancorp had a return on equity of 11.07% and a net margin of 18.90%. During the same quarter last year, the company posted $1.04 EPS. On average, equities analysts expect that Peoples Bancorp will post 3.28 EPS for the current fiscal year.

Peoples Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were issued a $0.40 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.60 annualized dividend and a yield of 5.03%. Peoples Bancorp’s payout ratio is 48.34%.

Insiders Place Their Bets

In other news, Director Carol A. Schneeberger sold 1,000 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $34.82, for a total value of $34,820.00. Following the transaction, the director now directly owns 28,322 shares of the company’s stock, valued at $986,172.04. The trade was a 3.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director David F. Dierker sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $35.36, for a total value of $70,720.00. Following the sale, the director now directly owns 1,214 shares of the company’s stock, valued at $42,927.04. This represents a 62.23 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,000 shares of company stock worth $169,390. Company insiders own 3.46% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Wellington Management Group LLP increased its stake in Peoples Bancorp by 153.6% in the third quarter. Wellington Management Group LLP now owns 352,488 shares of the bank’s stock valued at $10,606,000 after purchasing an additional 213,488 shares in the last quarter. American Century Companies Inc. increased its position in Peoples Bancorp by 11.8% in the 4th quarter. American Century Companies Inc. now owns 758,215 shares of the bank’s stock valued at $24,028,000 after buying an additional 79,818 shares in the last quarter. O Shaughnessy Asset Management LLC bought a new stake in Peoples Bancorp in the 4th quarter valued at about $2,464,000. Tudor Investment Corp ET AL bought a new position in Peoples Bancorp in the fourth quarter worth approximately $2,414,000. Finally, Raymond James Financial Inc. bought a new position in Peoples Bancorp in the fourth quarter worth approximately $2,122,000. 60.68% 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 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.