BidaskClub upgraded shares of Peoples Bancorp (NASDAQ:PEBO) from a sell rating to a hold rating in a research note issued to investors on Monday, January 29th.
A number of other research analysts also recently issued reports on the company. Keefe, Bruyette & Woods reissued a hold rating and issued a $34.00 price objective on shares of Peoples Bancorp in a research note on Tuesday, October 3rd. Zacks Investment Research raised Peoples Bancorp from a hold rating to a buy rating and set a $37.00 price objective on the stock in a research note on Wednesday, January 10th. Boenning Scattergood reissued a hold rating on shares of Peoples Bancorp in a research note on Wednesday, January 10th. Finally, Sandler O’Neill reissued a hold rating and issued a $37.00 price objective on shares of Peoples Bancorp in a research note 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 company. The stock currently has an average rating of Hold and a consensus price target of $35.25.
Peoples Bancorp (PEBO) opened at $34.88 on Monday. The company has a market capitalization of $625.98, a PE ratio of 16.22, a price-to-earnings-growth ratio of 1.93 and a beta of 0.75. Peoples Bancorp has a twelve month low of $29.55 and a twelve month high of $36.40. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.43.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 20th. Stockholders of record on Monday, February 5th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.98%. This is an increase from Peoples Bancorp’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, February 2nd. Peoples Bancorp’s payout ratio is currently 49.52%.
In other Peoples Bancorp news, Director Terry Thomas Sweet acquired 2,000 shares of the company’s stock in a transaction dated Monday, 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 purchase, the director now directly owns 4,767 shares of the company’s stock, valued at $161,934.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.04% of the stock is owned by insiders.
A number of hedge funds have recently bought and sold shares of PEBO. Franklin Resources Inc. raised its stake in Peoples Bancorp by 15.4% during the 4th quarter. Franklin Resources Inc. now owns 988,988 shares of the bank’s stock worth $32,261,000 after buying an additional 132,138 shares during the period. State Street Corp raised its stake in Peoples Bancorp by 32.5% during the 2nd quarter. State Street Corp now owns 403,950 shares of the bank’s stock worth $12,976,000 after buying an additional 99,066 shares during the period. BlackRock Inc. raised its stake in Peoples Bancorp by 6.4% during the 4th quarter. BlackRock Inc. now owns 1,291,788 shares of the bank’s stock worth $42,137,000 after buying an additional 77,563 shares during the period. Millennium Management LLC raised its stake in Peoples Bancorp by 65.8% during the 4th quarter. Millennium Management LLC now owns 168,355 shares of the bank’s stock worth $5,492,000 after buying an additional 66,839 shares during the period. Finally, Vanguard Group Inc. raised its stake in Peoples Bancorp by 8.5% during the 2nd quarter. Vanguard Group Inc. now owns 739,754 shares of the bank’s stock worth $23,768,000 after buying an additional 58,021 shares during the period. 61.68% of the stock is currently owned by institutional investors and hedge funds.
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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. Peoples Investment Company has one subsidiary, Peoples Capital Corporation.
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