Peoples Bancorp Inc. (NASDAQ:PEBO) Stock Has Consensus Target Price of $41.50 According to 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 Ratings reports. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $40.50.

A number of analysts have recently weighed in on the stock. Zacks Research upgraded shares of Peoples Bancorp from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 1st. Weiss Ratings reiterated a “buy (b)” rating on shares of Peoples Bancorp in a research note on Wednesday, August 26th. DA Davidson decreased their target price on shares of Peoples Bancorp from $44.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday, October 1st. Piper Sandler set a $42.00 target price on shares of Peoples Bancorp in a research note on Monday. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating on shares of Peoples Bancorp in a report on Monday.

Peoples Bancorp Trading Down 1.0%

PEBO opened at $36.73 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.13. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 11.10 and a beta of 0.62. Peoples Bancorp has a 12 month low of $27.49 and a 12 month high of $42.29. The stock has a fifty day moving average price of $39.81 and a 200-day moving average price of $37.05.

Peoples Bancorp (NASDAQ:PEBO) last issued its quarterly earnings data on Tuesday, July 21st. The bank reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.11. The company had revenue of $121.95 million for the quarter, compared to the consensus estimate of $120.05 million. Peoples Bancorp had a return on equity of 10.71% and a net margin of 19.17%. As a group, equities research analysts anticipate that Peoples Bancorp will post 3.59 earnings per share for the current fiscal year.

Peoples Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 3rd were given a $0.42 dividend. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.6%. Peoples Bancorp’s dividend payout ratio (DPR) is presently 50.76%.

Insider Buying and Selling at Peoples Bancorp

In related news, insider Matthew Edgell sold 3,000 shares of the business’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $41.27, for a total transaction of $123,810.00. Following the transaction, the insider directly owned 20,183 shares in the company, valued at $832,952.41. The trade was a 12.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Dwight Smith bought 1,000 shares of Peoples Bancorp stock in a transaction that occurred on Thursday, July 23rd. The shares were acquired at an average cost of $39.81 per share, for a total transaction of $39,810.00. Following the completion of the transaction, the director directly owned 10,256 shares in the company, valued at $408,291.36. This represents a 10.80% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 3.31% of the stock is owned by insiders.

Hedge Funds Weigh In On Peoples Bancorp

Hedge funds have recently modified their holdings of the stock. D.A. Davidson & CO. grew its position in Peoples Bancorp by 1.3% during the 1st quarter. D.A. Davidson & CO. now owns 24,366 shares of the bank’s stock worth $801,000 after purchasing an additional 320 shares during the last quarter. Waverly Advisors LLC raised its holdings in shares of Peoples Bancorp by 3.5% in the second quarter. Waverly Advisors LLC now owns 14,754 shares of the bank’s stock worth $567,000 after buying an additional 505 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of Peoples Bancorp by 10.0% in the first quarter. Royal Bank of Canada now owns 6,586 shares of the bank’s stock worth $216,000 after buying an additional 600 shares during the last quarter. Allworth Financial LP raised its holdings in shares of Peoples Bancorp by 87.0% in the second quarter. Allworth Financial LP now owns 1,307 shares of the bank’s stock worth $50,000 after buying an additional 608 shares during the last quarter. Finally, Plan A Wealth LLC lifted its stake in shares of Peoples Bancorp by 8.3% during the second quarter. Plan A Wealth LLC now owns 10,389 shares of the bank’s stock worth $399,000 after buying an additional 797 shares during the period. Institutional investors and hedge funds own 60.68% of the company’s stock.

Peoples Bancorp Company Profile

Peoples Bancorp Inc is a financial holding company headquartered in Marietta, Ohio. Through its principal subsidiary, Peoples Bank, the company provides banking and financial services to individuals, businesses, nonprofit organizations and government entities.

Peoples Bank offers consumer and commercial deposit accounts, residential and commercial real estate loans, consumer lending, mortgage services, treasury management and other business financing solutions. The company also provides wealth management, trust, investment and insurance services through affiliated or related operations.

Founded in 1902, Peoples Bancorp serves communities primarily in Ohio, West Virginia, Kentucky and Virginia through a network of banking offices and digital banking channels.