Peoples Bancorp Inc. (NASDAQ:PEBO) Receives Average Rating of "Moderate Buy" from Analysts

Peoples Bancorp Inc. (NASDAQ:PEBO - Get Free Report) has been given an average recommendation of "Moderate Buy" by the six analysts that are covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $42.00.

PEBO has been the subject of several recent analyst reports. DA Davidson raised their price objective on shares of Peoples Bancorp from $41.00 to $44.00 and gave the stock a "buy" rating in a research report on Wednesday, July 22nd. Keefe, Bruyette & Woods increased their price target on shares of Peoples Bancorp from $38.00 to $42.00 and gave the company a "market perform" rating in a research note on Wednesday, July 22nd. Weiss Ratings restated a "buy (b)" rating on shares of Peoples Bancorp in a report on Wednesday, August 26th. Finally, Piper Sandler set a $46.00 target price on Peoples Bancorp in a research report on Wednesday, July 22nd.

Insider Activity at Peoples Bancorp

In other news, Director Dwight Smith purchased 1,000 shares of the stock in a transaction dated Thursday, July 23rd. The stock was acquired at an average cost of $39.81 per share, for a total transaction of $39,810.00. Following the completion of the transaction, the director directly owned 10,256 shares in the company, valued at approximately $408,291.36. This represents a 10.80% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Matthew Edgell sold 3,000 shares of Peoples Bancorp stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $41.27, for a total value of $123,810.00. Following the completion of the sale, the insider directly owned 20,183 shares of the company's stock, valued at $832,952.41. The trade was a 12.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 3.31% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Peoples Bancorp

Several hedge funds have recently bought and sold shares of PEBO. Allworth Financial LP lifted its position in shares of Peoples Bancorp by 87.0% during the second quarter. Allworth Financial LP now owns 1,307 shares of the bank's stock worth $50,000 after purchasing an additional 608 shares in the last quarter. Waverly Advisors LLC raised its stake in shares of Peoples Bancorp by 3.5% in the second quarter. Waverly Advisors LLC now owns 14,754 shares of the bank's stock valued at $567,000 after acquiring an additional 505 shares in the last quarter. Corient Private Wealth LP acquired a new stake in shares of Peoples Bancorp in the second quarter valued at $324,000. HighTower Advisors LLC purchased a new position in Peoples Bancorp in the second quarter valued at $369,000. Finally, California State Teachers Retirement System boosted its holdings in Peoples Bancorp by 4,690.8% in the second quarter. California State Teachers Retirement System now owns 1,582,492 shares of the bank's stock valued at $60,784,000 after purchasing an additional 1,549,460 shares during the period. Institutional investors and hedge funds own 60.68% of the company's stock.

Peoples Bancorp Stock Performance

NASDAQ PEBO opened at $39.82 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.85 and a current ratio of 0.85. The stock's fifty day moving average is $40.00 and its two-hundred day moving average is $36.15. The firm has a market capitalization of $1.43 billion, a P/E ratio of 12.03 and a beta of 0.59. Peoples Bancorp has a fifty-two week low of $27.49 and a fifty-two week high of $42.29.

Peoples Bancorp (NASDAQ:PEBO - Get Free Report) last posted its quarterly earnings results on Tuesday, July 21st. The bank reported $0.96 EPS for the quarter, topping the consensus estimate of $0.85 by $0.11. The business had revenue of $121.95 million for the quarter, compared to analyst estimates of $120.05 million. Peoples Bancorp had a return on equity of 10.71% and a net margin of 19.17%. On average, research analysts anticipate that Peoples Bancorp will post 3.56 earnings per share for the current year.

Peoples Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 3rd were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.2%. Peoples Bancorp's dividend payout ratio (DPR) is presently 50.76%.

Peoples Bancorp Company Profile

Peoples Bancorp, Inc is a bank holding company headquartered in Marietta, Ohio. Through its subsidiary Peoples Bank, the company provides a comprehensive range of commercial and consumer banking services designed to serve individuals, businesses and institutional clients. Its deposit products include checking and savings accounts, money market accounts, certificates of deposit and digital banking platforms that enable secure online and mobile access.

On the lending side, Peoples Bancorp offers commercial and industrial loans, commercial real estate financing, construction and agricultural lending, as well as residential mortgage products.

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