Peoples Bancorp (NASDAQ:PEBO) Raised to Hold at Wall Street Zen

Peoples Bancorp (NASDAQ:PEBO - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "sell" rating to a "hold" rating in a report released on Saturday.

PEBO has been the topic of several other reports. DA Davidson reduced their target price on Peoples Bancorp from $39.00 to $35.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Stephens reduced their target price on Peoples Bancorp from $37.50 to $33.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 23rd. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Peoples Bancorp has an average rating of "Hold" and an average target price of $36.00.

Peoples Bancorp Price Performance

NASDAQ:PEBO traded down $0.04 during trading hours on Friday, reaching $29.30. The stock had a trading volume of 12,195 shares, compared to its average volume of 134,466. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.83 and a current ratio of 0.83. Peoples Bancorp has a 52 week low of $26.21 and a 52 week high of $37.07. The company has a 50 day moving average price of $29.03 and a two-hundred day moving average price of $31.39. The stock has a market capitalization of $1.04 billion, a PE ratio of 8.85 and a beta of 0.62.

Peoples Bancorp (NASDAQ:PEBO - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The bank reported $0.69 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.73 by ($0.04). The business had revenue of $113.00 million for the quarter, compared to analysts' expectations of $112.76 million. Peoples Bancorp had a net margin of 18.90% and a return on equity of 11.07%. During the same quarter in the previous year, the firm earned $0.85 EPS. As a group, sell-side analysts anticipate that Peoples Bancorp will post 3.28 earnings per share for the current fiscal year.

Insider Activity at Peoples Bancorp

In other news, Director Carol A. Schneeberger sold 1,000 shares of Peoples Bancorp stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $30.20, for a total transaction of $30,200.00. Following the sale, the director now owns 25,686 shares in the company, valued at approximately $775,717.20. The trade was a 3.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.41% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Peoples Bancorp

Institutional investors and hedge funds have recently modified their holdings of the company. Shoker Investment Counsel Inc. lifted its stake in Peoples Bancorp by 1.0% in the 4th quarter. Shoker Investment Counsel Inc. now owns 31,467 shares of the bank's stock valued at $997,000 after buying an additional 316 shares in the last quarter. D.A. Davidson & CO. lifted its stake in Peoples Bancorp by 1.6% in the 1st quarter. D.A. Davidson & CO. now owns 24,400 shares of the bank's stock valued at $724,000 after buying an additional 391 shares in the last quarter. Arizona State Retirement System lifted its stake in Peoples Bancorp by 6.1% in the 4th quarter. Arizona State Retirement System now owns 10,304 shares of the bank's stock valued at $327,000 after buying an additional 595 shares in the last quarter. US Bancorp DE lifted its stake in Peoples Bancorp by 172.8% in the 4th quarter. US Bancorp DE now owns 1,094 shares of the bank's stock valued at $35,000 after buying an additional 693 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Peoples Bancorp by 3.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,682 shares of the bank's stock valued at $624,000 after buying an additional 703 shares in the last quarter. Institutional investors and hedge funds own 60.68% of the company's stock.

About Peoples Bancorp

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.