Shares of Peoples Bancorp Inc. (NASDAQ:PEBO) have received a consensus rating of “Buy” from the six analysts that are currently covering the stock. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $23.38.
A number of research analysts recently issued reports on PEBO shares. Zacks Investment Research cut Peoples Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, June 29th. Keefe, Bruyette & Woods lifted their price target on Peoples Bancorp from $22.50 to $24.50 and gave the company a “market perform” rating in a report on Wednesday, July 27th.
Shares of Peoples Bancorp (NASDAQ:PEBO) traded up 1.07% on Tuesday, hitting $24.50. 7,828 shares of the company’s stock traded hands. The company has a market cap of $439.46 million, a price-to-earnings ratio of 19.69 and a beta of 0.78. Peoples Bancorp has a 1-year low of $16.34 and a 1-year high of $24.98. The firm’s 50-day moving average price is $23.78 and its 200 day moving average price is $21.71.
Peoples Bancorp (NASDAQ:PEBO) last issued its earnings results on Tuesday, July 26th. The company reported $0.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.03. Peoples Bancorp had a net margin of 13.88% and a return on equity of 5.30%. On average, equities research analysts expect that Peoples Bancorp will post $1.73 earnings per share for the current year.
A number of hedge funds have recently made changes to their positions in the company. BlackRock Group LTD boosted its stake in shares of Peoples Bancorp by 86.7% in the first quarter. BlackRock Group LTD now owns 5,103 shares of the company’s stock valued at $100,000 after buying an additional 2,370 shares in the last quarter. Raymond James & Associates purchased a new stake in shares of Peoples Bancorp during the second quarter valued at $206,000. Strs Ohio purchased a new stake in shares of Peoples Bancorp during the second quarter valued at $226,000. American Century Companies Inc. purchased a new stake in shares of Peoples Bancorp during the second quarter valued at $280,000. Finally, Parametric Portfolio Associates LLC boosted its stake in shares of Peoples Bancorp by 5.9% in the second quarter. Parametric Portfolio Associates LLC now owns 13,215 shares of the company’s stock valued at $288,000 after buying an additional 733 shares in the last quarter. 60.64% of the stock is owned by hedge funds and other institutional investors.
Peoples Bancorp Company Profile
Peoples Bancorp Inc is a financial holding company. The Company is engaged in banking, investment, insurance and trust solutions. The Company operates principally through its subsidiary, Peoples Bank, National Association (Peoples Bank). The Company’s products and services include demand deposit accounts, savings accounts, money market accounts and certificates of deposit.
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