Peoples Bancorp Inc. (NASDAQ:PEBO) has earned an average rating of “Hold” from the seven analysts that are presently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $35.25.
A number of research firms have commented on PEBO. BidaskClub raised Peoples Bancorp from a “hold” rating to a “buy” rating in a report on Monday, February 5th. Zacks Investment Research raised Peoples Bancorp from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a report on Wednesday, January 10th. Boenning Scattergood reissued a “hold” rating on shares of Peoples Bancorp in a report on Wednesday, January 10th. ValuEngine raised Peoples Bancorp from a “hold” rating to a “buy” rating in a report on Saturday, February 3rd. Finally, Sandler O’Neill reissued a “hold” rating and set a $37.00 price target on shares of Peoples Bancorp in a report on Tuesday, January 23rd.
In other Peoples Bancorp news, Director Terry Thomas Sweet purchased 2,000 shares of the firm’s stock in a transaction on Monday, December 4th. The shares were acquired at an average cost of $33.97 per share, with a total value of $67,940.00. Following the completion of the acquisition, the director now directly owns 4,767 shares in the company, valued at $161,934.99. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 3.04% of the stock is owned by company insiders.
Hedge funds have recently modified their holdings of the company. Foundry Partners LLC increased its holdings in shares of Peoples Bancorp by 5.6% in the third quarter. Foundry Partners LLC now owns 227,360 shares of the bank’s stock worth $7,637,000 after purchasing an additional 11,975 shares during the last quarter. State Street Corp increased its holdings in shares of Peoples Bancorp by 32.5% in the second quarter. State Street Corp now owns 403,950 shares of the bank’s stock worth $12,976,000 after purchasing an additional 99,066 shares during the last quarter. Nationwide Fund Advisors increased its holdings in shares of Peoples Bancorp by 40.6% in the third quarter. Nationwide Fund Advisors now owns 58,312 shares of the bank’s stock worth $1,959,000 after purchasing an additional 16,825 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Peoples Bancorp by 8.5% in the second quarter. Vanguard Group Inc. now owns 739,754 shares of the bank’s stock worth $23,768,000 after purchasing an additional 58,021 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Peoples Bancorp by 2.1% in the third quarter. Dimensional Fund Advisors LP now owns 1,323,779 shares of the bank’s stock worth $44,466,000 after purchasing an additional 27,733 shares during the last quarter. 61.68% of the stock is currently owned by hedge funds and other institutional investors.
Peoples Bancorp (NASDAQ:PEBO) opened at $34.23 on Tuesday. The firm has a market capitalization of $620.13, a price-to-earnings ratio of 16.30, a P/E/G ratio of 1.91 and a beta of 0.75. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.43. Peoples Bancorp has a 52-week low of $29.55 and a 52-week high of $36.40.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 20th. Shareholders of record on Monday, February 5th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, February 2nd. This is a boost from Peoples Bancorp’s previous quarterly dividend of $0.22. This represents a $1.04 dividend on an annualized basis and a yield of 3.04%. Peoples Bancorp’s dividend payout ratio (DPR) is currently 49.52%.
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Peoples Bancorp Company Profile
Peoples Bancorp Inc is a financial holding company. The Company operates principally through its subsidiary, Peoples Bank. Peoples Bank’s operating subsidiaries include Peoples Insurance Agency, LLC (Peoples Insurance) and two asset management companies, PBNA, LLC and Peoples Tax Credit Equity, LLC. Peoples Investment Company has one subsidiary, Peoples Capital Corporation.
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