Peoples Bancorp (NASDAQ:PEBO) Given “Equal Weight” Rating at Stephens

Stephens reissued their equal weight rating on shares of Peoples Bancorp (NASDAQ:PEBO) in a research note published on Wednesday,Benzinga reports. They currently have a $37.50 price objective on the bank’s stock.

PEBO has been the topic of a number of other research reports. DA Davidson lowered their price target on Peoples Bancorp from $42.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday. Piper Sandler decreased their price objective on Peoples Bancorp from $39.00 to $36.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd. Finally, Keefe, Bruyette & Woods boosted their target price on Peoples Bancorp from $32.00 to $36.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Peoples Bancorp currently has an average rating of “Hold” and a consensus price target of $36.90.

Peoples Bancorp Stock Up 2.7 %

Shares of NASDAQ PEBO opened at $32.20 on Wednesday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.21. The company has a market cap of $1.14 billion, a P/E ratio of 9.17 and a beta of 0.79. Peoples Bancorp has a 52 week low of $26.74 and a 52 week high of $37.07. The business has a 50-day simple moving average of $33.25 and a two-hundred day simple moving average of $31.92.

Peoples Bancorp (NASDAQ:PEBO) last released its quarterly earnings results on Tuesday, January 21st. The bank reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.01. Peoples Bancorp had a net margin of 20.16% and a return on equity of 11.84%. During the same period in the previous year, the company earned $1.04 EPS. Research analysts anticipate that Peoples Bancorp will post 3.31 earnings per share for the current fiscal year.

Peoples Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 4.97%. The ex-dividend date of this dividend is Monday, February 3rd. Peoples Bancorp’s dividend payout ratio (DPR) is 45.58%.

Insider Transactions at Peoples Bancorp

In other Peoples Bancorp news, Director Carol A. Schneeberger sold 1,000 shares of the company’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $31.02, for a total transaction of $31,020.00. Following the transaction, the director now owns 27,686 shares in the company, valued at approximately $858,819.72. This represents a 3.49 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David F. Dierker sold 2,000 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $35.36, for a total transaction of $70,720.00. Following the transaction, the director now owns 1,214 shares in the company, valued at approximately $42,927.04. This trade represents a 62.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,000 shares of company stock valued at $411,010 in the last quarter. 3.46% of the stock is owned by insiders.

Hedge Funds Weigh In On Peoples Bancorp

Institutional investors and hedge funds have recently bought and sold shares of the stock. FMR LLC lifted its position in shares of Peoples Bancorp by 42.0% in the third quarter. FMR LLC now owns 1,252 shares of the bank’s stock valued at $38,000 after acquiring an additional 370 shares in the last quarter. CWM LLC grew its holdings in Peoples Bancorp by 503.9% during the 3rd quarter. CWM LLC now owns 1,860 shares of the bank’s stock valued at $56,000 after buying an additional 1,552 shares in the last quarter. nVerses Capital LLC lifted its holdings in shares of Peoples Bancorp by 322.2% in the third quarter. nVerses Capital LLC now owns 3,800 shares of the bank’s stock worth $114,000 after buying an additional 2,900 shares in the last quarter. Quantbot Technologies LP boosted its position in shares of Peoples Bancorp by 223.3% during the third quarter. Quantbot Technologies LP now owns 3,964 shares of the bank’s stock worth $119,000 after acquiring an additional 2,738 shares during the last quarter. Finally, Future Financial Wealth Managment LLC purchased a new position in Peoples Bancorp during the third quarter valued at $123,000. 60.68% of the stock is currently owned by hedge funds and other institutional investors.

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.