Peoples Bancorp Inc. (PEBO) Lowered to Neutral at Boenning Scattergood
Several other brokerages have also recently issued reports on PEBO. Zacks Investment Research upgraded shares of Peoples Bancorp from a hold rating to a buy rating and set a $25.00 target price on the stock in a report on Thursday, July 28th. Keefe, Bruyette & Woods lifted 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. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $23.75.
Peoples Bancorp (NASDAQ:PEBO) traded up 0.99% during trading on Thursday, reaching $28.61. The company’s stock had a trading volume of 19,825 shares. Peoples Bancorp has a one year low of $16.34 and a one year high of $29.17. The firm has a market cap of $513.49 million, a PE ratio of 19.74 and a beta of 0.68. The company has a 50-day moving average of $25.13 and a 200 day moving average of $23.11.
Peoples Bancorp (NASDAQ:PEBO) last announced its quarterly earnings results on Tuesday, October 25th. The company reported $0.43 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.43. Peoples Bancorp had a net margin of 15.90% and a return on equity of 6.10%. Analysts expect that Peoples Bancorp will post $1.73 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 18th. Investors of record on Friday, November 4th will be given a dividend of $0.17 per share. This is a boost from Peoples Bancorp’s previous quarterly dividend of $0.16. This represents a $0.68 annualized dividend and a yield of 2.40%. The ex-dividend date of this dividend is Wednesday, November 2nd. Peoples Bancorp’s dividend payout ratio (DPR) is presently 46.90%.
In related news, CFO John C. Rogers purchased 2,009 shares of the company’s stock in a transaction on Monday, October 31st. The stock was acquired at an average cost of $24.84 per share, for a total transaction of $49,903.56. Following the completion of the transaction, the chief financial officer now directly owns 10,845 shares in the company, valued at $269,389.80. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 4.01% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD boosted its stake in shares of Peoples Bancorp by 0.5% in the third quarter. Price T Rowe Associates Inc. MD now owns 9,440 shares of the company’s stock worth $232,000 after buying an additional 45 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of Peoples Bancorp by 0.7% in the third quarter. Rhumbline Advisers now owns 19,740 shares of the company’s stock worth $485,000 after buying an additional 130 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its stake in shares of Peoples Bancorp by 0.9% in the second quarter. State Board of Administration of Florida Retirement System now owns 15,457 shares of the company’s stock worth $337,000 after buying an additional 137 shares in the last quarter. Victory Capital Management Inc. raised its position in Peoples Bancorp by 0.4% in the third quarter. Victory Capital Management Inc. now owns 40,585 shares of the company’s stock valued at $998,000 after buying an additional 145 shares during the last quarter. Finally, BlackRock Group LTD raised its position in Peoples Bancorp by 3.8% in the third quarter. BlackRock Group LTD now owns 5,229 shares of the company’s stock valued at $129,000 after buying an additional 189 shares during the last quarter. Institutional investors and hedge funds own 61.21% of the company’s stock.
Peoples Bancorp Company Profile
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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