BidaskClub upgraded shares of Peoples Bancorp (NASDAQ:PEBO) from a hold rating to a buy rating in a research note released on Monday morning.
Several other research analysts have also recently weighed in on PEBO. Zacks Investment Research raised shares of Peoples Bancorp from a hold rating to a buy rating and set a $37.00 price target on the stock in a report on Wednesday, January 10th. Boenning Scattergood reissued a hold rating on shares of Peoples Bancorp in a report on Wednesday, January 10th. ValuEngine raised shares of Peoples Bancorp from a hold rating to a buy rating in a report on Saturday. Finally, Sandler O’Neill reissued a hold rating and issued a $37.00 price target on shares of Peoples Bancorp in a report on Tuesday, January 23rd. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of Hold and an average price target of $35.25.
Peoples Bancorp (NASDAQ PEBO) opened at $34.11 on Monday. The firm has a market cap of $647.92, a PE ratio of 16.24, a price-to-earnings-growth ratio of 2.00 and a beta of 0.75. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.43. Peoples Bancorp has a fifty-two week low of $29.55 and a fifty-two week high of $36.40.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 20th. Shareholders of record on Monday, February 5th will be issued a $0.26 dividend. This is a boost from Peoples Bancorp’s previous quarterly dividend of $0.22. This represents a $1.04 annualized dividend and a yield of 3.05%. The ex-dividend date of this dividend is Friday, February 2nd. Peoples Bancorp’s dividend payout ratio is currently 49.52%.
In other Peoples Bancorp news, Director Terry Thomas Sweet bought 2,000 shares of the stock in a transaction dated Tuesday, December 4th. The shares were bought at an average cost of $33.97 per share, with a total value of $67,940.00. Following the completion of the acquisition, the director now owns 4,767 shares of the company’s stock, valued at $161,934.99. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.04% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Thrivent Financial For Lutherans increased its holdings in shares of Peoples Bancorp by 2.7% during the second quarter. Thrivent Financial For Lutherans now owns 23,050 shares of the bank’s stock worth $741,000 after purchasing an additional 600 shares during the period. Voya Investment Management LLC increased its holdings in shares of Peoples Bancorp by 8.4% during the second quarter. Voya Investment Management LLC now owns 12,654 shares of the bank’s stock worth $407,000 after purchasing an additional 983 shares during the period. Bank of Montreal Can increased its holdings in shares of Peoples Bancorp by 6.3% during the fourth quarter. Bank of Montreal Can now owns 28,819 shares of the bank’s stock worth $941,000 after purchasing an additional 1,706 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Peoples Bancorp by 36.5% during the second quarter. Goldman Sachs Group Inc. now owns 9,344 shares of the bank’s stock worth $300,000 after purchasing an additional 2,499 shares during the period. Finally, Alliancebernstein L.P. increased its holdings in shares of Peoples Bancorp by 19.8% during the second quarter. Alliancebernstein L.P. now owns 17,635 shares of the bank’s stock worth $567,000 after purchasing an additional 2,915 shares during the period. 63.50% of the stock is currently owned by institutional investors.
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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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