Peoples Bancorp (NASDAQ:PEBO) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued on Thursday, Zacks.com reports.
According to Zacks, “Peoples Bancorp Inc. is a bank holding company. “
Several other research firms have also issued reports on PEBO. B. Riley raised their price objective on Peoples Bancorp from $32.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, January 7th. Raymond James raised Peoples Bancorp from a “market perform” rating to an “outperform” rating and set a $31.00 price target for the company in a research note on Friday, December 11th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Peoples Bancorp currently has a consensus rating of “Hold” and an average price target of $29.63.
NASDAQ:PEBO opened at $30.66 on Thursday. The firm has a market capitalization of $604.65 million, a price-to-earnings ratio of 21.59 and a beta of 0.99. Peoples Bancorp has a 1 year low of $17.91 and a 1 year high of $34.65. The business has a 50 day simple moving average of $28.73 and a 200-day simple moving average of $23.71. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.85 and a quick ratio of 0.84.
Peoples Bancorp (NASDAQ:PEBO) last posted its quarterly earnings data on Monday, January 25th. The bank reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.39. Peoples Bancorp had a return on equity of 5.60% and a net margin of 12.87%. As a group, analysts expect that Peoples Bancorp will post 1.51 earnings per share for the current fiscal year.
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In other news, Director David L. Mead sold 1,000 shares of Peoples Bancorp stock in a transaction on Monday, November 16th. The stock was sold at an average price of $25.98, for a total value of $25,980.00. Company insiders own 2.66% of the company’s stock.
Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Peoples Bancorp by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 951,363 shares of the bank’s stock valued at $20,245,000 after acquiring an additional 18,354 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Peoples Bancorp by 4.9% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 122,490 shares of the bank’s stock valued at $2,607,000 after acquiring an additional 5,738 shares during the period. Los Angeles Capital Management & Equity Research Inc. increased its holdings in shares of Peoples Bancorp by 1.1% in the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 86,855 shares of the bank’s stock valued at $1,658,000 after acquiring an additional 920 shares during the period. Mendon Capital Advisors Corp grew its stake in Peoples Bancorp by 13.5% during the 3rd quarter. Mendon Capital Advisors Corp now owns 75,000 shares of the bank’s stock worth $1,432,000 after buying an additional 8,914 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in Peoples Bancorp by 13.7% during the 2nd quarter. Bank of America Corp DE now owns 57,754 shares of the bank’s stock worth $1,228,000 after buying an additional 6,957 shares during the last quarter. Institutional investors and hedge funds own 56.35% of the company’s stock.
About Peoples Bancorp
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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