ValuEngine lowered shares of Peoples Bancorp (NASDAQ:PEBO) from a hold rating to a sell rating in a research note published on Wednesday morning.

A number of other research firms have also weighed in on PEBO. BidaskClub upgraded shares of Peoples Bancorp from a hold rating to a buy rating in a report on Saturday, September 8th. Zacks Investment Research upgraded shares of Peoples Bancorp from a hold rating to a buy rating and set a $37.00 target price for the company in a report on Friday, October 26th. Finally, Boenning Scattergood reiterated a hold rating on shares of Peoples Bancorp in a report on Tuesday, October 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned 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 target price of $38.00.

Shares of NASDAQ:PEBO opened at $32.55 on Wednesday. Peoples Bancorp has a 12-month low of $31.12 and a 12-month high of $39.58. The stock has a market cap of $630.02 million, a PE ratio of 13.22, a P/E/G ratio of 1.53 and a beta of 0.60. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.22.

Peoples Bancorp (NASDAQ:PEBO) last announced its quarterly earnings data on Tuesday, October 23rd. The bank reported $0.69 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.03. Peoples Bancorp had a return on equity of 9.64% and a net margin of 20.72%. The firm had revenue of $47.68 million for the quarter, compared to analysts’ expectations of $47.46 million. As a group, analysts anticipate that Peoples Bancorp will post 2.63 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, November 19th. Stockholders of record on Monday, November 5th were issued a dividend of $0.30 per share. This is a positive change from Peoples Bancorp’s previous quarterly dividend of $0.28. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date was Friday, November 2nd. Peoples Bancorp’s dividend payout ratio is currently 52.63%.

In other news, Director George W. Broughton sold 4,366 shares of the stock in a transaction dated Friday, November 2nd. The shares were sold at an average price of $34.07, for a total transaction of $148,749.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.03% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. UBS Group AG boosted its holdings in shares of Peoples Bancorp by 26.8% during the first quarter. UBS Group AG now owns 6,908 shares of the bank’s stock worth $245,000 after purchasing an additional 1,460 shares during the period. MetLife Investment Advisors LLC boosted its holdings in shares of Peoples Bancorp by 27.1% during the second quarter. MetLife Investment Advisors LLC now owns 8,443 shares of the bank’s stock worth $319,000 after purchasing an additional 1,802 shares during the period. US Bancorp DE boosted its holdings in shares of Peoples Bancorp by 5,073.7% during the second quarter. US Bancorp DE now owns 8,847 shares of the bank’s stock worth $335,000 after purchasing an additional 8,676 shares during the period. Paloma Partners Management Co purchased a new stake in shares of Peoples Bancorp during the third quarter worth about $354,000. Finally, Globeflex Capital L P boosted its holdings in shares of Peoples Bancorp by 12.0% during the second quarter. Globeflex Capital L P now owns 14,900 shares of the bank’s stock worth $563,000 after purchasing an additional 1,600 shares during the period. Institutional investors own 61.48% of the company’s stock.

About Peoples Bancorp

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

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