Peoples Bancorp Inc. (NASDAQ:PEBO) Stock Has Average Target Price of $41.50

Key Points

• Analyst sentiment is moderately bullish: Six research firms give Peoples Bancorp a consensus “Moderate Buy” rating, with an average 12-month price target of $41.50 versus the stock’s $37.48 opening price.
• Peoples Bancorp exceeded quarterly expectations, reporting $0.96 in EPS versus the $0.85 consensus estimate and revenue of $121.95 million. Analysts expect full-year EPS of approximately $3.59.
• The company recently paid a quarterly dividend of $0.42, equivalent to an annualized $1.68 dividend and a 4.5% yield; institutional investors own 60.68% of the stock, while insiders own 3.31%.

Peoples Bancorp Inc. (NASDAQ:PEBO - Get Free Report) has earned an average rating of "Moderate Buy" from the six research firms that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $41.50.

A number of research firms have weighed in on PEBO. Zacks Research raised Peoples Bancorp from a "hold" rating to a "strong-buy" rating in a report on Thursday. Piper Sandler set a $46.00 price target on shares of Peoples Bancorp in a research report on Wednesday, July 22nd. Keefe, Bruyette & Woods increased their price objective on shares of Peoples Bancorp from $38.00 to $42.00 and gave the stock a "market perform" rating in a research note on Wednesday, July 22nd. Weiss Ratings reissued a "buy (b)" rating on shares of Peoples Bancorp in a report on Wednesday, August 26th. Finally, DA Davidson cut their target price on shares of Peoples Bancorp from $44.00 to $42.00 and set a "buy" rating for the company in a research report on Thursday.

Insider Buying and Selling at Peoples Bancorp

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. D.A. Davidson & CO. raised its stake in Peoples Bancorp by 1.3% during the first quarter. D.A. Davidson & CO. now owns 24,366 shares of the bank's stock valued at $801,000 after purchasing an additional 320 shares in the last quarter. Waverly Advisors LLC increased its holdings in shares of Peoples Bancorp by 3.5% in the 2nd quarter. Waverly Advisors LLC now owns 14,754 shares of the bank's stock worth $567,000 after buying an additional 505 shares during the last quarter. Royal Bank of Canada raised its position in shares of Peoples Bancorp by 10.0% during the 1st quarter. Royal Bank of Canada now owns 6,586 shares of the bank's stock valued at $216,000 after buying an additional 600 shares in the last quarter. Allworth Financial LP lifted its holdings in shares of Peoples Bancorp by 87.0% in the 2nd quarter. Allworth Financial LP now owns 1,307 shares of the bank's stock valued at $50,000 after acquiring an additional 608 shares during the last quarter. Finally, Plan A Wealth LLC grew its position in Peoples Bancorp by 8.3% in the second quarter. Plan A Wealth LLC now owns 10,389 shares of the bank's stock worth $399,000 after acquiring an additional 797 shares in the last quarter. Institutional investors own 60.68% of the company's stock.

Peoples Bancorp Price Performance

Shares of PEBO opened at $37.48 on Friday. The firm has a fifty day simple moving average of $39.99 and a two-hundred day simple moving average of $36.93. The firm has a market cap of $1.35 billion, a PE ratio of 11.32 and a beta of 0.62. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.13. Peoples Bancorp has a 1-year low of $27.49 and a 1-year high of $42.29.

Peoples Bancorp (NASDAQ:PEBO - Get Free Report) last released its quarterly earnings results on Tuesday, July 21st. The bank reported $0.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.85 by $0.11. Peoples Bancorp had a return on equity of 10.71% and a net margin of 19.17%.The firm had revenue of $121.95 million for the quarter, compared to the consensus estimate of $120.05 million. On average, equities analysts anticipate that Peoples Bancorp will post 3.59 EPS for the current year.

Peoples Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 3rd were given a $0.42 dividend. The ex-dividend date was Monday, August 3rd. This represents a $1.68 annualized dividend and a yield of 4.5%. Peoples Bancorp's dividend payout ratio (DPR) is presently 50.76%.

Peoples Bancorp Company Profile

Peoples Bancorp Inc is a financial holding company headquartered in Marietta, Ohio. Through its principal subsidiary, Peoples Bank, the company provides banking and financial services to individuals, businesses, nonprofit organizations and government entities.

Peoples Bank offers consumer and commercial deposit accounts, residential and commercial real estate loans, consumer lending, mortgage services, treasury management and other business financing solutions. The company also provides wealth management, trust, investment and insurance services through affiliated or related operations.

Founded in 1902, Peoples Bancorp serves communities primarily in Ohio, West Virginia, Kentucky and Virginia through a network of banking offices and digital banking channels.

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