Peoples Bancorp Inc. (NASDAQ:PEBO) Receives $23.38 Average Target Price from Brokerages
Shares of Peoples Bancorp Inc. (NASDAQ:PEBO) have been given an average rating of “Buy” by the six research firms that are currently covering the stock. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $23.38.
A number of brokerages have recently issued reports on PEBO. Zacks Investment Research lowered shares of Peoples Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, July 30th. Keefe, Bruyette & Woods boosted their price target on shares of Peoples Bancorp from $22.50 to $24.50 and gave the stock a “market perform” rating in a research note on Wednesday, July 27th.
Hedge funds have recently added to or reduced their stakes in the company. BlackRock Group LTD increased its stake in Peoples Bancorp by 86.7% in the first quarter. BlackRock Group LTD now owns 5,103 shares of the company’s stock worth $100,000 after buying an additional 2,370 shares in the last quarter. Raymond James & Associates acquired a new stake in shares of Peoples Bancorp during the second quarter valued at about $206,000. Strs Ohio acquired a new stake in shares of Peoples Bancorp during the second quarter valued at about $226,000. American Century Companies Inc. acquired a new stake in shares of Peoples Bancorp during the second quarter valued at about $280,000. Finally, Parametric Portfolio Associates LLC increased its stake in shares of Peoples Bancorp by 5.9% in the second quarter. Parametric Portfolio Associates LLC now owns 13,215 shares of the company’s stock valued at $288,000 after buying an additional 733 shares during the period. 60.64% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Peoples Bancorp (NASDAQ:PEBO) opened at 24.38 on Tuesday. The firm has a 50-day moving average of $23.91 and a 200-day moving average of $21.79. The firm has a market cap of $437.30 million, a P/E ratio of 19.60 and a beta of 0.78. Peoples Bancorp has a 12-month low of $16.34 and a 12-month high of $24.98.
Peoples Bancorp (NASDAQ:PEBO) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. Peoples Bancorp had a net margin of 13.88% and a return on equity of 5.30%. On average, equities analysts forecast that Peoples Bancorp will post $1.73 earnings per share for the current fiscal year.
About Peoples Bancorp
Peoples Bancorp Inc is a financial holding company. The Company is engaged in banking, investment, insurance and trust solutions. The Company operates principally through its subsidiary, Peoples Bank, National Association (Peoples Bank). The Company’s products and services include demand deposit accounts, savings accounts, money market accounts and certificates of deposit.
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