Peoples Bancorp Inc. (NASDAQ:PEBO) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Peoples Bancorp Inc. (NASDAQ:PEBO) have been assigned an average rating of “Moderate Buy” from the six ratings firms that are covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $42.00.

A number of research firms have commented on PEBO. Hovde Group raised their target price on shares of Peoples Bancorp from $33.00 to $36.00 and gave the company a “market perform” rating in a research report on Wednesday, April 22nd. DA Davidson upped their price target on shares of Peoples Bancorp from $41.00 to $44.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Peoples Bancorp in a research note on Friday, May 29th. Piper Sandler set a $46.00 price objective on shares of Peoples Bancorp in a research note on Wednesday, July 22nd. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Peoples Bancorp from $38.00 to $42.00 and gave the company a “market perform” rating in a report on Wednesday, July 22nd.

Peoples Bancorp Trading Up 0.9%

Shares of NASDAQ PEBO opened at $40.66 on Tuesday. Peoples Bancorp has a twelve month low of $27.49 and a twelve month high of $40.85. The firm has a market cap of $1.46 billion, a PE ratio of 12.28 and a beta of 0.62. The business has a fifty day simple moving average of $37.02 and a two-hundred day simple moving average of $34.35. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.15.

Peoples Bancorp (NASDAQ:PEBO) last announced its quarterly earnings results on Tuesday, July 21st. The bank reported $0.96 EPS for the quarter, beating the consensus estimate of $0.85 by $0.11. The firm had revenue of $121.95 million for the quarter, compared to analyst estimates of $120.05 million. Peoples Bancorp had a return on equity of 10.79% and a net margin of 19.17%. Analysts expect that Peoples Bancorp will post 3.56 earnings per share for the current fiscal year.

Peoples Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 3rd will be issued a $0.42 dividend. The ex-dividend date is Monday, August 3rd. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.1%. Peoples Bancorp’s dividend payout ratio (DPR) is currently 50.76%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Jackson Creek Investment Advisors LLC purchased a new position in Peoples Bancorp in the fourth quarter valued at about $1,817,000. UBS Group AG lifted its position in shares of Peoples Bancorp by 391.8% during the fourth quarter. UBS Group AG now owns 198,742 shares of the bank’s stock valued at $5,968,000 after buying an additional 158,327 shares during the last quarter. Tudor Investment Corp ET AL lifted its position in shares of Peoples Bancorp by 211.5% during the third quarter. Tudor Investment Corp ET AL now owns 83,279 shares of the bank’s stock valued at $2,498,000 after buying an additional 56,548 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Peoples Bancorp by 2.4% in the 4th quarter. Vanguard Group Inc. now owns 2,080,137 shares of the bank’s stock valued at $62,467,000 after buying an additional 48,166 shares in the last quarter. Finally, Versor Investments LP bought a new stake in shares of Peoples Bancorp in the 4th quarter valued at about $889,000. 60.68% of the stock is owned by institutional investors.

Peoples Bancorp Company Profile

Peoples Bancorp, Inc is a bank holding company headquartered in Marietta, Ohio. Through its subsidiary Peoples Bank, the company provides a comprehensive range of commercial and consumer banking services designed to serve individuals, businesses and institutional clients. Its deposit products include checking and savings accounts, money market accounts, certificates of deposit and digital banking platforms that enable secure online and mobile access.

On the lending side, Peoples Bancorp offers commercial and industrial loans, commercial real estate financing, construction and agricultural lending, as well as residential mortgage products.