Peoples Bancorp (PEBO) Given a $39.00 Price Target by Hovde Group Analysts

Peoples Bancorp (NASDAQ:PEBO) has been assigned a $39.00 target price by investment analysts at Hovde Group in a report released on Tuesday. The brokerage presently has a “hold” rating on the bank’s stock. Hovde Group’s price target points to a potential upside of 5.09% from the stock’s current price.

PEBO has been the subject of several other reports. Zacks Investment Research raised Peoples Bancorp from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a report on Thursday, January 4th. BidaskClub lowered Peoples Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, January 23rd. Boenning Scattergood reissued a “hold” rating on shares of Peoples Bancorp in a report on Wednesday, January 10th. ValuEngine lowered Peoples Bancorp from a “buy” rating to a “hold” rating in a report on Thursday, April 12th. Finally, Sandler O’Neill reaffirmed a “hold” rating and set a $37.00 target price on shares of Peoples Bancorp in a report on Tuesday, January 23rd. Five investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $36.75.

Shares of Peoples Bancorp stock opened at $37.11 on Tuesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market capitalization of $708.02, a P/E ratio of 16.28, a PEG ratio of 1.80 and a beta of 0.72. Peoples Bancorp has a fifty-two week low of $29.55 and a fifty-two week high of $38.03.

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

In other news, Director George W. Broughton sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $35.26, for a total transaction of $35,260.00. Following the completion of the transaction, the director now directly owns 160,750 shares of the company’s stock, valued at $5,668,045. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.03% of the stock is currently owned by corporate insiders.

Several large investors have recently bought and sold shares of PEBO. Franklin Resources Inc. grew its holdings 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 purchasing an additional 132,138 shares during the last quarter. BlackRock Inc. grew its holdings 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 purchasing an additional 77,563 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Peoples Bancorp by 65.8% during the fourth quarter. Millennium Management LLC now owns 168,355 shares of the bank’s stock valued at $5,492,000 after purchasing an additional 66,839 shares during the last quarter. Bowling Portfolio Management LLC grew its holdings in shares of Peoples Bancorp by 280.2% during the fourth quarter. Bowling Portfolio Management LLC now owns 56,829 shares of the bank’s stock valued at $1,854,000 after purchasing an additional 41,881 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its holdings in shares of Peoples Bancorp by 91.0% during the third quarter. Schwab Charles Investment Management Inc. now owns 78,499 shares of the bank’s stock valued at $2,637,000 after purchasing an additional 37,399 shares during the last quarter. 60.50% of the stock is owned by institutional investors.

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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.

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