BidaskClub upgraded shares of Peoples Bancorp (NASDAQ:PEBO) from a hold rating to a buy rating in a research note issued to investors on Wednesday morning.
PEBO has been the topic of a number of other reports. ValuEngine cut Peoples Bancorp from a hold rating to a sell rating in a research note on Tuesday, October 2nd. Zacks Investment Research raised Peoples Bancorp from a hold rating to a buy rating and set a $43.00 target price on the stock in a research note on Saturday, July 28th. Boenning Scattergood reissued a hold rating on shares of Peoples Bancorp in a research note on Wednesday. Finally, Hovde Group set a $40.00 target price on Peoples Bancorp and gave the stock a hold rating in a research note on Wednesday, July 25th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Peoples Bancorp currently has an average rating of Hold and an average price target of $38.00.
Shares of NASDAQ PEBO traded up $0.38 during trading on Wednesday, reaching $34.22. The company had a trading volume of 32,387 shares, compared to its average volume of 43,101. Peoples Bancorp has a 12-month low of $30.84 and a 12-month high of $39.58. The stock has a market cap of $668.70 million, a P/E ratio of 14.03, a P/E/G ratio of 1.63 and a beta of 0.62. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.23.
Peoples Bancorp (NASDAQ:PEBO) last released its earnings results on Tuesday, October 23rd. The bank reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.03. Peoples Bancorp had a return on equity of 9.80% and a net margin of 20.72%. The firm had revenue of $47.68 million for the quarter, compared to analysts’ expectations of $47.46 million. As a group, analysts forecast that Peoples Bancorp will post 2.63 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 19th. Investors of record on Monday, November 5th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, November 2nd. This is a boost from Peoples Bancorp’s previous quarterly dividend of $0.28. This represents a $1.20 annualized dividend and a dividend yield of 3.51%. Peoples Bancorp’s dividend payout ratio (DPR) is 49.12%.
Several institutional investors have recently added to or reduced their stakes in PEBO. UBS Group AG boosted its position in shares of Peoples Bancorp by 26.8% during the first quarter. UBS Group AG now owns 6,908 shares of the bank’s stock valued at $245,000 after buying an additional 1,460 shares during the last quarter. MetLife Investment Advisors LLC boosted its position in shares of Peoples Bancorp by 27.1% during the second quarter. MetLife Investment Advisors LLC now owns 8,443 shares of the bank’s stock valued at $319,000 after buying an additional 1,802 shares during the last quarter. US Bancorp DE boosted its position in shares of Peoples Bancorp by 5,073.7% during the second quarter. US Bancorp DE now owns 8,847 shares of the bank’s stock valued at $335,000 after buying an additional 8,676 shares during the last quarter. Allianz Asset Management GmbH purchased a new stake in shares of Peoples Bancorp during the first quarter valued at $415,000. Finally, Globeflex Capital L P boosted its position in shares of Peoples Bancorp by 12.0% during the second quarter. Globeflex Capital L P now owns 14,900 shares of the bank’s stock valued at $563,000 after buying an additional 1,600 shares during the last quarter. 61.67% of the stock is currently owned by institutional investors.
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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