Brokerages Set Peoples Bancorp Inc. (NASDAQ:PEBO) PT at $33.63

Peoples Bancorp Inc. (NASDAQ:PEBO) has earned a consensus recommendation of “Moderate Buy” from the six research firms that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $33.6250.

A number of equities analysts have recently commented on PEBO shares. DA Davidson set a $35.00 target price on shares of Peoples Bancorp in a report on Wednesday, January 21st. Weiss Ratings upgraded shares of Peoples Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, January 27th.

Insider Buying and Selling

In other Peoples Bancorp news, Director Carol A. Schneeberger sold 1,000 shares of the stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $33.92, for a total transaction of $33,920.00. Following the completion of the sale, the director directly owned 21,204 shares of the company’s stock, valued at approximately $719,239.68. This trade represents a 4.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.41% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Peoples Bancorp

Hedge funds have recently modified their holdings of the stock. Royal Bank of Canada increased its stake in Peoples Bancorp by 4.9% in the 1st quarter. Royal Bank of Canada now owns 23,996 shares of the bank’s stock valued at $711,000 after buying an additional 1,111 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Peoples Bancorp by 46.5% in the first quarter. AQR Capital Management LLC now owns 101,653 shares of the bank’s stock valued at $3,015,000 after acquiring an additional 32,259 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Peoples Bancorp by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,544 shares of the bank’s stock worth $609,000 after acquiring an additional 862 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Peoples Bancorp by 6.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 82,290 shares of the bank’s stock worth $2,441,000 after purchasing an additional 5,175 shares in the last quarter. Finally, Jane Street Group LLC raised its holdings in Peoples Bancorp by 87.2% during the first quarter. Jane Street Group LLC now owns 64,668 shares of the bank’s stock worth $1,918,000 after purchasing an additional 30,121 shares in the last quarter. 60.68% of the stock is owned by institutional investors and hedge funds.

Peoples Bancorp Stock Up 1.9%

PEBO opened at $33.12 on Friday. Peoples Bancorp has a one year low of $26.21 and a one year high of $34.33. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.83 and a current ratio of 0.83. The stock has a market capitalization of $1.18 billion, a P/E ratio of 11.08 and a beta of 0.68. The business’s 50-day simple moving average is $31.96 and its 200-day simple moving average is $30.59.

Peoples Bancorp (NASDAQ:PEBO) last released its quarterly earnings results on Tuesday, January 20th. The bank reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.05. Peoples Bancorp had a return on equity of 9.61% and a net margin of 17.27%.The firm had revenue of $119.57 million for the quarter, compared to the consensus estimate of $117.97 million. Analysts anticipate that Peoples Bancorp will post 3.28 EPS for the current year.

Peoples Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Monday, February 2nd were given a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 5.0%. The ex-dividend date was Monday, February 2nd. Peoples Bancorp’s payout ratio is 54.85%.

Peoples Bancorp Company Profile

Peoples Bancorp, Inc is a bank holding company headquartered in Marietta, Ohio. Through its subsidiary Peoples Bank, the company provides a comprehensive range of commercial and consumer banking services designed to serve individuals, businesses and institutional clients. Its deposit products include checking and savings accounts, money market accounts, certificates of deposit and digital banking platforms that enable secure online and mobile access.

On the lending side, Peoples Bancorp offers commercial and industrial loans, commercial real estate financing, construction and agricultural lending, as well as residential mortgage products.