Peoples Bancorp’s (PEBO) “Equal Weight” Rating Reiterated at Stephens

Stephens reiterated their equal weight rating on shares of Peoples Bancorp (NASDAQ:PEBO) in a research report released on Wednesday morning, Benzinga reports. The brokerage currently has a $34.00 price objective on the bank’s stock.

Other research analysts have also issued reports about the company. Hovde Group assumed coverage on Peoples Bancorp in a report on Monday, April 1st. They issued a market perform rating and a $31.00 price objective on the stock. StockNews.com lowered Peoples Bancorp from a hold rating to a sell rating in a report on Friday, April 19th. Piper Sandler started coverage on Peoples Bancorp in a report on Friday, February 23rd. They set an overweight rating and a $34.00 target price on the stock. Finally, Keefe, Bruyette & Woods reaffirmed a market perform rating and set a $33.00 target price (down from $36.00) on shares of Peoples Bancorp in a report on Wednesday. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Peoples Bancorp currently has an average rating of Hold and an average target price of $33.40.

Peoples Bancorp Stock Down 1.5 %

Shares of PEBO stock opened at $29.76 on Wednesday. The stock’s 50-day simple moving average is $28.33 and its 200-day simple moving average is $29.38. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.83 and a current ratio of 0.83. The firm has a market capitalization of $1.06 billion, a PE ratio of 8.91 and a beta of 0.76. Peoples Bancorp has a fifty-two week low of $23.05 and a fifty-two week high of $34.85.

Peoples Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Monday, May 6th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 5.38%. This is a positive change from Peoples Bancorp’s previous quarterly dividend of $0.39. The ex-dividend date is Friday, May 3rd. Peoples Bancorp’s dividend payout ratio (DPR) is 46.71%.

Institutional Trading of Peoples Bancorp

Several institutional investors have recently bought and sold shares of PEBO. Raymond James Financial Services Advisors Inc. grew its holdings in Peoples Bancorp by 136.5% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 78,527 shares of the bank’s stock valued at $1,993,000 after purchasing an additional 45,328 shares during the period. Brown Advisory Inc. acquired a new stake in Peoples Bancorp in the third quarter valued at approximately $5,383,000. Peoples Bank OH grew its holdings in Peoples Bancorp by 0.9% in the third quarter. Peoples Bank OH now owns 609,323 shares of the bank’s stock valued at $15,465,000 after purchasing an additional 5,721 shares during the period. Inspire Investing LLC acquired a new stake in Peoples Bancorp in the third quarter valued at approximately $934,000. Finally, River Oaks Capital LLC grew its holdings in Peoples Bancorp by 366.0% in the third quarter. River Oaks Capital LLC now owns 109,500 shares of the bank’s stock valued at $2,779,000 after purchasing an additional 86,000 shares during the period. 60.68% of the stock is owned by institutional investors and hedge funds.

About Peoples Bancorp

Peoples Bancorp Inc operates as the holding company for Peoples Bank that provides commercial and consumer banking products and services. The company accepts various deposit products, including demand deposit accounts, savings accounts, money market accounts, certificates of deposit, and governmental deposits; and provides commercial and industrial, commercial real estate, construction, finance, residential real estate, and consumer indirect and direct loans, as well as home equity lines of credit and overdrafts.