PEBO has been the subject of a number of other research reports. Zacks Investment Research downgraded Peoples Bancorp from a hold rating to a sell rating in a research report on Thursday, February 21st. Boenning Scattergood restated a hold rating on shares of Peoples Bancorp in a research report on Wednesday, May 1st. Finally, ValuEngine downgraded Peoples Bancorp from a hold rating to a sell rating in a research report on Wednesday, January 30th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $38.50.
PEBO stock opened at $32.14 on Wednesday. The firm has a market cap of $665.07 million, a PE ratio of 12.17, a PEG ratio of 1.44 and a beta of 0.77. Peoples Bancorp has a twelve month low of $28.35 and a twelve month high of $39.58. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.20.
Peoples Bancorp (NASDAQ:PEBO) last released its earnings results on Tuesday, April 23rd. The bank reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.06. The company had revenue of $49.34 million during the quarter, compared to the consensus estimate of $49.09 million. Peoples Bancorp had a return on equity of 10.42% and a net margin of 22.59%. On average, equities research analysts predict that Peoples Bancorp will post 2.83 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, May 20th. Stockholders of record on Monday, May 6th were given a dividend of $0.34 per share. The ex-dividend date was Friday, May 3rd. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.23%. This is an increase from Peoples Bancorp’s previous quarterly dividend of $0.30. Peoples Bancorp’s payout ratio is presently 51.52%.
In related news, Director George W. Broughton sold 2,000 shares of the company’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $31.94, for a total value of $63,880.00. Following the completion of the sale, the director now owns 148,336 shares in the company, valued at $4,737,851.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director George W. Broughton sold 10,011 shares of the company’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $32.40, for a total value of $324,356.40. Following the completion of the sale, the director now owns 145,336 shares of the company’s stock, valued at approximately $4,708,886.40. The disclosure for this sale can be found here. Insiders sold 12,154 shares of company stock valued at $392,798 in the last quarter. 2.89% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. increased its holdings in Peoples Bancorp by 58.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,809 shares of the bank’s stock valued at $85,000 after purchasing an additional 1,033 shares during the last quarter. Great West Life Assurance Co. Can increased its holdings in Peoples Bancorp by 99.8% in the first quarter. Great West Life Assurance Co. Can now owns 3,375 shares of the bank’s stock valued at $104,000 after purchasing an additional 1,686 shares during the last quarter. Acadian Asset Management LLC bought a new stake in Peoples Bancorp in the fourth quarter valued at about $102,000. BNP Paribas Arbitrage SA increased its holdings in Peoples Bancorp by 438.7% in the first quarter. BNP Paribas Arbitrage SA now owns 3,685 shares of the bank’s stock valued at $114,000 after purchasing an additional 3,001 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in Peoples Bancorp in the first quarter valued at about $152,000. Institutional investors and hedge funds own 57.74% of the company’s stock.
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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