Peoples Bancorp Inc. (NASDAQ:PEBO) Receives $36.90 Average Price Target from Analysts

Shares of Peoples Bancorp Inc. (NASDAQ:PEBO) have received an average recommendation of “Hold” from the five analysts that are presently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $36.90.

A number of analysts have recently commented on PEBO shares. Piper Sandler upped their target price on Peoples Bancorp from $39.00 to $40.00 and gave the stock an “overweight” rating in a research note on Wednesday. DA Davidson lowered their price objective on Peoples Bancorp from $42.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday. Keefe, Bruyette & Woods lifted their target price on shares of Peoples Bancorp from $32.00 to $36.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Finally, Stephens reissued an “equal weight” rating and set a $37.50 price target on shares of Peoples Bancorp in a report on Wednesday.

Insiders Place Their Bets

In other news, Director S Craig Beam sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $34.31, for a total value of $137,240.00. Following the transaction, the director now directly owns 23,760 shares of the company’s stock, valued at approximately $815,205.60. This trade represents a 14.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, 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 sale, the director now directly owns 27,686 shares of the company’s stock, valued at approximately $858,819.72. This represents a 3.49 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 12,000 shares of company stock worth $411,010. Corporate insiders own 3.46% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. FMR LLC grew its position in Peoples Bancorp by 42.0% in the third quarter. FMR LLC now owns 1,252 shares of the bank’s stock worth $38,000 after acquiring an additional 370 shares during the period. Spire Wealth Management acquired a new position in shares of Peoples Bancorp in the 4th quarter valued at $43,000. CWM LLC grew its holdings in shares of Peoples Bancorp by 503.9% during the 3rd quarter. CWM LLC now owns 1,860 shares of the bank’s stock worth $56,000 after purchasing an additional 1,552 shares during the period. nVerses Capital LLC increased its position in shares of Peoples Bancorp by 322.2% during the 3rd quarter. nVerses Capital LLC now owns 3,800 shares of the bank’s stock worth $114,000 after purchasing an additional 2,900 shares during the last quarter. Finally, Quantbot Technologies LP raised its holdings in Peoples Bancorp by 223.3% in the 3rd quarter. Quantbot Technologies LP now owns 3,964 shares of the bank’s stock valued at $119,000 after buying an additional 2,738 shares during the period. Institutional investors and hedge funds own 60.68% of the company’s stock.

Peoples Bancorp Stock Performance

PEBO opened at $32.68 on Wednesday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.21. Peoples Bancorp has a 12-month low of $26.74 and a 12-month high of $37.07. The firm has a 50 day moving average of $33.14 and a two-hundred day moving average of $31.95. The firm has a market capitalization of $1.16 billion, a PE ratio of 9.87 and a beta of 0.79.

Peoples Bancorp (NASDAQ:PEBO) last issued its earnings results on Tuesday, January 21st. The bank reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.01. Peoples Bancorp had a net margin of 18.90% and a return on equity of 11.07%. During the same quarter in the previous year, the firm earned $1.04 earnings per share. On average, analysts anticipate that Peoples Bancorp will post 3.19 EPS for the current year.

Peoples Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 4.90%. The ex-dividend date of this dividend is Monday, February 3rd. Peoples Bancorp’s dividend payout ratio is presently 48.34%.

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.