Peoples Bancorp (NASDAQ:PEBO) posted its quarterly earnings results on Tuesday. The bank reported $0.75 EPS for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.06, Morningstar.com reports. The business had revenue of $49.34 million for the quarter, compared to analysts’ expectations of $49.09 million. Peoples Bancorp had a return on equity of 10.56% and a net margin of 22.59%.

Shares of Peoples Bancorp stock traded down $0.41 during trading on Thursday, reaching $32.02. 1 shares of the stock traded hands, compared to its average volume of 28,976. The firm has a market cap of $635.32 million, a price-to-earnings ratio of 12.27, a PEG ratio of 1.42 and a beta of 0.76. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.21. Peoples Bancorp has a 52-week low of $28.35 and a 52-week high of $39.58.

A number of research firms have commented on PEBO. Zacks Investment Research raised Peoples Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday. BidaskClub cut Peoples Bancorp from a “sell” rating to a “strong sell” rating in a report on Saturday, March 16th. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $38.50.

In other news, Director George W. Broughton sold 2,000 shares of the firm’s stock in a transaction dated Friday, January 25th. The stock was sold at an average price of $32.65, for a total transaction of $65,300.00. Following the completion of the transaction, the director now owns 150,756 shares in the company, valued at $4,922,183.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director George W. Broughton sold 1,000 shares of the firm’s stock in a transaction dated Monday, January 28th. The shares were sold at an average price of $32.33, for a total value of $32,330.00. Following the transaction, the director now owns 149,756 shares of the company’s stock, valued at approximately $4,841,611.48. The disclosure for this sale can be found here. Company insiders own 2.89% of the company’s stock.

Several institutional investors have recently modified their holdings of PEBO. Dimensional Fund Advisors LP grew its position in shares of Peoples Bancorp by 4.0% during the third quarter. Dimensional Fund Advisors LP now owns 1,550,011 shares of the bank’s stock valued at $54,297,000 after purchasing an additional 60,250 shares in the last quarter. BlackRock Inc. grew its position in shares of Peoples Bancorp by 2.8% during the fourth quarter. BlackRock Inc. now owns 1,409,961 shares of the bank’s stock valued at $42,440,000 after purchasing an additional 38,186 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of Peoples Bancorp by 65.3% during the third quarter. Wells Fargo & Company MN now owns 77,270 shares of the bank’s stock valued at $2,707,000 after purchasing an additional 30,523 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Peoples Bancorp by 3.7% during the third quarter. Renaissance Technologies LLC now owns 473,279 shares of the bank’s stock valued at $16,579,000 after purchasing an additional 16,700 shares in the last quarter. Finally, Martingale Asset Management L P grew its position in shares of Peoples Bancorp by 15.3% during the fourth quarter. Martingale Asset Management L P now owns 120,352 shares of the bank’s stock valued at $3,624,000 after purchasing an additional 16,006 shares in the last quarter. Hedge funds and other institutional investors own 60.07% of the company’s stock.

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Peoples Bancorp Company Profile

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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Earnings History for Peoples Bancorp (NASDAQ:PEBO)

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