ValuEngine Lowers Peoples Bancorp (PEBO) to Hold

ValuEngine lowered shares of Peoples Bancorp (NASDAQ:PEBO) from a buy rating to a hold rating in a research note released on Thursday morning.

Other equities research analysts have also recently issued reports about the stock. BidaskClub upgraded shares of Peoples Bancorp from a hold rating to a buy rating in a research report on Monday, February 5th. Zacks Investment Research upgraded shares of Peoples Bancorp from a hold rating to a buy rating and set a $37.00 price objective for the company in a research report on Thursday, January 4th. Sandler O’Neill restated a hold rating and set a $37.00 price objective on shares of Peoples Bancorp in a research report on Tuesday, January 23rd. Finally, Boenning Scattergood restated a hold rating on shares of Peoples Bancorp in a research report on Wednesday, January 10th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Peoples Bancorp currently has an average rating of Hold and an average price target of $36.00.

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Peoples Bancorp stock opened at $35.48 on Thursday. Peoples Bancorp has a 12-month low of $29.55 and a 12-month high of $36.99. The stock has a market cap of $657.43, a P/E ratio of 15.56, a PEG ratio of 1.76 and a beta of 0.72. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.31.

Peoples Bancorp (NASDAQ:PEBO) last released its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.09. Peoples Bancorp had a net margin of 21.47% and a return on equity of 8.57%. The firm had revenue of $42.24 million during the quarter, compared to analysts’ expectations of $41.90 million. equities research analysts predict that Peoples Bancorp will post 2.54 earnings per share for the current year.

In related news, Director George W. Broughton sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $35.26, for a total transaction of $35,260.00. Following the completion of the sale, the director now directly owns 160,750 shares in the company, valued at $5,668,045. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 3.03% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its position in shares of Peoples Bancorp by 2.1% during the third quarter. Dimensional Fund Advisors LP now owns 1,323,779 shares of the bank’s stock valued at $44,466,000 after acquiring an additional 27,733 shares during the last quarter. BlackRock Inc. increased its position in shares of Peoples Bancorp by 6.4% during the fourth quarter. BlackRock Inc. now owns 1,291,788 shares of the bank’s stock valued at $42,137,000 after acquiring an additional 77,563 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Peoples Bancorp by 15.4% during the fourth quarter. Franklin Resources Inc. now owns 988,988 shares of the bank’s stock valued at $32,261,000 after acquiring an additional 132,138 shares during the last quarter. Banc Funds Co. LLC increased its position in shares of Peoples Bancorp by 3.9% during the fourth quarter. Banc Funds Co. LLC now owns 568,141 shares of the bank’s stock valued at $18,533,000 after acquiring an additional 21,259 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Peoples Bancorp by 2.3% during the fourth quarter. Renaissance Technologies LLC now owns 320,479 shares of the bank’s stock valued at $10,454,000 after acquiring an additional 7,279 shares during the last quarter. Institutional investors and hedge funds own 63.58% of the company’s stock.

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Peoples Bancorp Company Profile

Peoples Bancorp Inc operates as the holding company for Peoples Bank that provides commercial and retail banking products and services. The company accepts various deposit products, including demand deposit accounts, savings accounts, money market accounts, and certificates of deposit; and provides commercial real estate construction loans, other commercial real estate loans, commercial and industrial loans, residential real estate loans, home equity lines of credit, and indirect and other consumer loans.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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