Peoples Bancorp (NASDAQ:PEBO) Price Target Raised to $33.00 at Keefe, Bruyette & Woods

Peoples Bancorp (NASDAQ:PEBO - Get Free Report) had its target price upped by equities researchers at Keefe, Bruyette & Woods from $32.00 to $33.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a "market perform" rating on the bank's stock. Keefe, Bruyette & Woods' price target would suggest a potential upside of 4.04% from the stock's current price.

A number of other analysts have also recently weighed in on the stock. Stephens reduced their price objective on shares of Peoples Bancorp from $37.50 to $33.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 23rd. DA Davidson dropped their target price on shares of Peoples Bancorp from $39.00 to $35.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Finally, Wall Street Zen raised shares of Peoples Bancorp from a "sell" rating to a "hold" rating in a research report on Saturday, May 24th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Peoples Bancorp currently has an average rating of "Hold" and a consensus price target of $35.25.

Peoples Bancorp Stock Up 1.0%

Peoples Bancorp stock traded up $0.31 during mid-day trading on Friday, hitting $31.72. 114,293 shares of the company's stock were exchanged, compared to its average volume of 139,672. Peoples Bancorp has a 1-year low of $26.21 and a 1-year high of $37.07. The stock has a 50 day moving average of $30.14 and a two-hundred day moving average of $30.39. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.21. The stock has a market cap of $1.13 billion, a P/E ratio of 10.07 and a beta of 0.65.

Peoples Bancorp (NASDAQ:PEBO - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The bank reported $0.69 earnings per share for the quarter, missing analysts' consensus estimates of $0.73 by ($0.04). Peoples Bancorp had a net margin of 18.10% and a return on equity of 10.36%. The company had revenue of $113.00 million during the quarter, compared to the consensus estimate of $112.76 million. During the same period in the previous year, the business posted $0.85 earnings per share. As a group, analysts anticipate that Peoples Bancorp will post 3.28 EPS for the current fiscal year.

Insider Transactions at Peoples Bancorp

In other Peoples Bancorp news, Director Carol A. Schneeberger sold 1,000 shares of the stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $31.76, for a total value of $31,760.00. Following the completion of the sale, the director directly owned 25,330 shares of the company's stock, valued at $804,480.80. This represents a 3.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 1,962 shares of company stock worth $61,110 over the last 90 days. Insiders own 3.41% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Parallel Advisors LLC increased its stake in Peoples Bancorp by 132.3% during the second quarter. Parallel Advisors LLC now owns 864 shares of the bank's stock valued at $26,000 after acquiring an additional 492 shares during the period. US Bancorp DE grew its holdings in shares of Peoples Bancorp by 172.8% during the 4th quarter. US Bancorp DE now owns 1,094 shares of the bank's stock worth $35,000 after purchasing an additional 693 shares in the last quarter. Sterling Capital Management LLC increased its position in shares of Peoples Bancorp by 815.7% during the fourth quarter. Sterling Capital Management LLC now owns 1,108 shares of the bank's stock valued at $35,000 after purchasing an additional 987 shares during the period. Strs Ohio acquired a new position in shares of Peoples Bancorp in the first quarter valued at $62,000. Finally, GAMMA Investing LLC raised its stake in shares of Peoples Bancorp by 1,426.3% in the first quarter. GAMMA Investing LLC now owns 2,610 shares of the bank's stock valued at $77,000 after purchasing an additional 2,439 shares in the last quarter. Institutional investors and hedge funds own 60.68% of the company's stock.

Peoples Bancorp Company Profile

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