Zacks Investment Research lowered shares of Peoples Bancorp (NASDAQ:PEBO) from a hold rating to a sell rating in a report released on Wednesday morning.
According to Zacks, “Peoples Bancorp Inc. is a bank holding company. “
Several other research analysts have also recently issued reports on PEBO. BidaskClub raised Peoples Bancorp from a hold rating to a buy rating in a research report on Wednesday, October 31st. Boenning Scattergood reissued a hold rating on shares of Peoples Bancorp in a research report on Wednesday, October 31st. Finally, ValuEngine upgraded Peoples Bancorp from a sell rating to a hold rating in a research note on Wednesday, January 2nd. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. The company currently has a consensus rating of Hold and an average target price of $38.50.
Shares of PEBO traded down $0.26 during trading hours on Wednesday, hitting $33.08. The company had a trading volume of 36,362 shares, compared to its average volume of 28,013. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.82 and a quick ratio of 0.82. Peoples Bancorp has a 12 month low of $28.35 and a 12 month high of $39.58. The firm has a market capitalization of $664.61 million, a PE ratio of 13.29, a PEG ratio of 1.50 and a beta of 0.79.
Peoples Bancorp (NASDAQ:PEBO) last announced its quarterly earnings data on Tuesday, January 22nd. The bank reported $0.69 EPS for the quarter, topping the consensus estimate of $0.66 by $0.03. The company had revenue of $48.30 million during the quarter, compared to the consensus estimate of $47.74 million. Peoples Bancorp had a net margin of 22.18% and a return on equity of 10.11%. Analysts predict that Peoples Bancorp will post 2.84 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 19th. Investors of record on Monday, February 4th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, February 1st. This represents a $1.20 annualized dividend and a yield of 3.63%. Peoples Bancorp’s dividend payout ratio (DPR) is 45.45%.
In other Peoples Bancorp news, Director George W. Broughton sold 2,000 shares of the business’s stock in a transaction dated Friday, January 25th. The shares were sold at an average price of $32.65, for a total value of $65,300.00. Following the completion of the transaction, the director now directly owns 150,756 shares of the company’s stock, valued at $4,922,183.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director George W. Broughton sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, January 28th. The stock was sold at an average price of $32.33, for a total transaction of $32,330.00. Following the sale, the director now directly owns 149,756 shares of the company’s stock, valued at $4,841,611.48. The disclosure for this sale can be found here. Company insiders own 3.03% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of PEBO. Public Employees Retirement System of Ohio boosted its stake in shares of Peoples Bancorp by 4.5% in the 4th quarter. Public Employees Retirement System of Ohio now owns 11,939 shares of the bank’s stock valued at $359,000 after purchasing an additional 517 shares in the last quarter. Citigroup Inc. raised its stake in Peoples Bancorp by 18.0% in the 4th quarter. Citigroup Inc. now owns 5,669 shares of the bank’s stock valued at $171,000 after acquiring an additional 863 shares during the period. PNC Financial Services Group Inc. grew its holdings in shares of Peoples Bancorp by 58.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,809 shares of the bank’s stock worth $85,000 after purchasing an additional 1,033 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Peoples Bancorp by 1.5% in the second quarter. Bank of New York Mellon Corp now owns 118,476 shares of the bank’s stock worth $4,476,000 after buying an additional 1,741 shares in the last quarter. Finally, Bailard Inc. raised its holdings in shares of Peoples Bancorp by 11.2% during the third quarter. Bailard Inc. now owns 19,800 shares of the bank’s stock valued at $694,000 after acquiring an additional 2,000 shares in the last quarter. 61.21% of the stock is currently owned by institutional investors.
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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