Zacks Investment Research Upgrades Peoples Bancorp (PEBO) to “Buy”

Peoples Bancorp (NASDAQ:PEBO) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Wednesday, January 10th. The brokerage currently has a $37.00 price target on the bank’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 9.60% from the stock’s previous close.

According to Zacks, “Peoples Bancorp Inc. is a bank holding company. “

A number of other analysts have also recently issued reports on PEBO. Keefe, Bruyette & Woods reissued a “hold” rating and set a $34.00 price objective on shares of Peoples Bancorp in a report on Tuesday, October 3rd. BidaskClub cut Peoples Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, January 3rd. Finally, Boenning Scattergood reissued a “hold” rating on shares of Peoples Bancorp in a report on Wednesday, October 25th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $34.67.

Peoples Bancorp (NASDAQ PEBO) opened at $33.76 on Wednesday. Peoples Bancorp has a 12 month low of $29.55 and a 12 month high of $35.43. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a market capitalization of $629.78, a price-to-earnings ratio of 16.71, a price-to-earnings-growth ratio of 1.98 and a beta of 0.73.

Peoples Bancorp (NASDAQ:PEBO) last issued its quarterly earnings results on Tuesday, October 24th. The bank reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.09. Peoples Bancorp had a return on equity of 7.99% and a net margin of 21.10%. The firm had revenue of $41.83 million for the quarter, compared to analysts’ expectations of $41.96 million. equities research analysts expect that Peoples Bancorp will post 2.09 earnings per share for the current fiscal year.

Several large investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC bought a new position in shares of Peoples Bancorp during the 3rd quarter valued at about $103,000. Citigroup Inc. increased its position in shares of Peoples Bancorp by 361.7% during the 2nd quarter. Citigroup Inc. now owns 6,694 shares of the bank’s stock valued at $215,000 after purchasing an additional 5,244 shares during the last quarter. Wedge Capital Management L L P NC bought a new position in shares of Peoples Bancorp during the 3rd quarter valued at about $252,000. Virginia Retirement Systems ET AL bought a new position in shares of Peoples Bancorp during the 3rd quarter valued at about $272,000. Finally, Goldman Sachs Group Inc. increased its position in shares of Peoples Bancorp by 36.5% during the 2nd quarter. Goldman Sachs Group Inc. now owns 9,344 shares of the bank’s stock valued at $300,000 after purchasing an additional 2,499 shares during the last quarter. 63.50% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: “Zacks Investment Research Upgrades Peoples Bancorp (PEBO) to “Buy”” was originally posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this report on another website, it was copied illegally and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this report can be read at https://www.dispatchtribunal.com/2018/01/17/peoples-bancorp-pebo-upgraded-to-buy-at-zacks-investment-research-2.html.

About Peoples Bancorp

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.

Get a free copy of the Zacks research report on Peoples Bancorp (PEBO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Peoples Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Peoples Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply