Peoples Bancorp (PEBO) Receiving Somewhat Favorable News Coverage, Study Shows
Media coverage about Peoples Bancorp (NASDAQ:PEBO) has been trending somewhat positive this week, Accern Sentiment reports. The research group ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Peoples Bancorp earned a coverage optimism score of 0.07 on Accern’s scale. Accern also assigned news stories about the bank an impact score of 46.2314671284148 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Several equities analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Peoples Bancorp from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a report on Friday, October 27th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $34.00 price target on shares of Peoples Bancorp in a report on Tuesday, October 3rd. Boenning Scattergood reiterated a “hold” rating on shares of Peoples Bancorp in a report on Wednesday, October 25th. Finally, BidaskClub downgraded shares of Peoples Bancorp from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. Peoples Bancorp currently has a consensus rating of “Hold” and an average price target of $35.00.
Shares of Peoples Bancorp (NASDAQ PEBO) opened at $33.17 on Thursday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.82 and a quick ratio of 0.82. Peoples Bancorp has a 52-week low of $27.70 and a 52-week high of $35.43. The company has a market capitalization of $615.16, a P/E ratio of 17.26, a price-to-earnings-growth ratio of 1.99 and a beta of 0.73.
Peoples Bancorp (NASDAQ:PEBO) last released its quarterly earnings data on Tuesday, October 24th. The bank reported $0.60 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.09. Peoples Bancorp had a return on equity of 9.62% and a net margin of 24.95%. The business had revenue of $41.83 million for the quarter, compared to analyst estimates of $41.96 million. sell-side analysts forecast that Peoples Bancorp will post 2.11 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 17th. Shareholders of record on Friday, November 3rd were given a $0.22 dividend. The ex-dividend date was Thursday, November 2nd. This represents a $0.88 annualized dividend and a yield of 2.65%. Peoples Bancorp’s dividend payout ratio is presently 43.56%.
In other news, Director S Craig Beam sold 2,500 shares of the stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $32.66, for a total transaction of $81,650.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have sold a total of 12,895 shares of company stock worth $433,159 in the last quarter. Insiders own 3.04% of the company’s stock.
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Peoples Bancorp Company Profile
Peoples Bancorp Inc is a financial holding company. The Company operates principally through its subsidiary, Peoples Bank. Peoples Bank’s operating subsidiaries include Peoples Insurance Agency, LLC (Peoples Insurance) and two asset management companies, PBNA, LLC. and Peoples Tax Credit Equity, LLC.
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