Peoples Bancorp Inc. (PEBO) Rating Reiterated by Keefe, Bruyette & Woods

Peoples Bancorp Inc. (NASDAQ:PEBO)‘s stock had its “hold” rating reaffirmed by stock analysts at Keefe, Bruyette & Woods in a research note issued to investors on Tuesday. They presently have a $34.00 price target on the bank’s stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 2.07% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Peoples Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 27th. BidaskClub downgraded shares of Peoples Bancorp from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Finally, Boenning Scattergood reiterated a “hold” rating on shares of Peoples Bancorp in a research report on Wednesday, July 26th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $35.00.

Shares of Peoples Bancorp (PEBO) opened at 33.31 on Tuesday. Peoples Bancorp has a 12-month low of $24.09 and a 12-month high of $35.43. The firm has a market capitalization of $600.11 million, a P/E ratio of 18.01 and a beta of 0.78. The stock’s 50 day moving average price is $31.67 and its 200-day moving average price is $31.96.

Peoples Bancorp (NASDAQ:PEBO) last released its earnings results on Tuesday, July 25th. The bank reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.07. Peoples Bancorp had a net margin of 19.67% and a return on equity of 7.63%. The company had revenue of $41.68 million during the quarter, compared to the consensus estimate of $40.81 million. On average, equities analysts expect that Peoples Bancorp will post $2.03 EPS for the current year.

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In other Peoples Bancorp news, Director S Craig Beam sold 975 shares of the stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $34.00, for a total value of $33,150.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last quarter, insiders sold 12,987 shares of company stock valued at $436,142. Insiders own 3.04% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in PEBO. Russell Investments Group Ltd. raised its holdings in shares of Peoples Bancorp by 6.6% during the 1st quarter. Russell Investments Group Ltd. now owns 13,378 shares of the bank’s stock valued at $423,000 after purchasing an additional 834 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of Peoples Bancorp by 59.2% during the 1st quarter. First Trust Advisors LP now owns 81,347 shares of the bank’s stock valued at $2,575,000 after purchasing an additional 30,243 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Peoples Bancorp by 4.8% during the 1st quarter. Bank of New York Mellon Corp now owns 123,192 shares of the bank’s stock valued at $3,900,000 after purchasing an additional 5,654 shares in the last quarter. Karp Capital Management Corp bought a new position in shares of Peoples Bancorp during the 1st quarter valued at $641,000. Finally, Ameriprise Financial Inc. bought a new position in shares of Peoples Bancorp during the 1st quarter valued at $475,000. Institutional investors and hedge funds own 62.56% of the company’s stock.

Peoples Bancorp Company Profile

Peoples Bancorp Inc is a financial holding company. The Company operates principally through its subsidiary, Peoples Bank. Peoples Bank’s operating subsidiaries include Peoples Insurance Agency, LLC (Peoples Insurance) and two asset management companies, PBNA, LLC. and Peoples Tax Credit Equity, LLC.

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