Peoples Bancorp (NASDAQ:PEBO) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Friday, January 5th.
According to Zacks, “Peoples Bancorp Inc. is a bank holding company. “
A number of other research firms have also issued reports on PEBO. Boenning Scattergood restated a “hold” rating on shares of Peoples Bancorp in a report on Wednesday, October 25th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $34.00 price objective on shares of Peoples Bancorp in a report on Tuesday, October 3rd. Finally, BidaskClub lowered Peoples Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, January 3rd. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $35.25.
Shares of Peoples Bancorp (NASDAQ:PEBO) opened at $35.89 on Friday. The company has a market capitalization of $655.42, a price-to-earnings ratio of 16.99, a PEG ratio of 2.02 and a beta of 0.73. Peoples Bancorp has a 52-week low of $29.55 and a 52-week high of $36.37. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.82 and a current ratio of 0.82.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its stake in Peoples Bancorp by 2.1% during the third quarter. Dimensional Fund Advisors LP now owns 1,323,779 shares of the bank’s stock worth $44,466,000 after purchasing an additional 27,733 shares during the period. Vanguard Group Inc. raised its stake in shares of Peoples Bancorp by 8.5% in the second quarter. Vanguard Group Inc. now owns 739,754 shares of the bank’s stock valued at $23,768,000 after acquiring an additional 58,021 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Peoples Bancorp by 2.8% in the second quarter. The Manufacturers Life Insurance Company now owns 453,425 shares of the bank’s stock valued at $14,568,000 after purchasing an additional 12,302 shares in the last quarter. State Street Corp increased its holdings in shares of Peoples Bancorp by 32.5% in the second quarter. State Street Corp now owns 403,950 shares of the bank’s stock valued at $12,976,000 after purchasing an additional 99,066 shares in the last quarter. Finally, LSV Asset Management increased its holdings in shares of Peoples Bancorp by 5.9% in the second quarter. LSV Asset Management now owns 397,940 shares of the bank’s stock valued at $12,785,000 after purchasing an additional 22,092 shares in the last quarter. Hedge funds and other institutional investors own 63.73% of the company’s stock.
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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. Peoples Investment Company has one subsidiary, Peoples Capital Corporation.
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