Peoples Bancorp (NASDAQ:PEBO) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Peoples Bancorp (NASDAQ:PEBO) from a sell rating to a hold rating in a research report sent to investors on Saturday.

A number of other equities research analysts have also commented on the stock. Keefe, Bruyette & Woods reiterated a market perform rating and set a $33.00 price target (down from $36.00) on shares of Peoples Bancorp in a report on Wednesday, April 24th. Stephens reiterated an equal weight rating and set a $34.00 target price on shares of Peoples Bancorp in a report on Wednesday, April 24th. Hovde Group initiated coverage on Peoples Bancorp in a research note on Monday, April 1st. They issued a market perform rating and a $31.00 target price on the stock. Finally, Piper Sandler started coverage on Peoples Bancorp in a research report on Friday, February 23rd. They set an overweight rating and a $34.00 price target for the company. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of Hold and a consensus target price of $33.40.

Peoples Bancorp Stock Performance

NASDAQ PEBO opened at $29.50 on Friday. The company has a 50-day simple moving average of $28.34 and a two-hundred day simple moving average of $29.43. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.21. Peoples Bancorp has a 12-month low of $23.05 and a 12-month high of $34.85. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 8.83 and a beta of 0.76.

Peoples Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Monday, May 6th will be paid a $0.40 dividend. This is an increase from Peoples Bancorp’s previous quarterly dividend of $0.39. This represents a $1.60 dividend on an annualized basis and a yield of 5.42%. The ex-dividend date is Friday, May 3rd. Peoples Bancorp’s dividend payout ratio is presently 46.71%.

Institutional Trading of Peoples Bancorp

Several large investors have recently bought and sold shares of PEBO. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Peoples Bancorp by 136.5% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 78,527 shares of the bank’s stock valued at $1,993,000 after purchasing an additional 45,328 shares during the period. Brown Advisory Inc. bought a new position in Peoples Bancorp in the third quarter worth $5,383,000. Peoples Bank OH lifted its position in Peoples Bancorp by 0.9% during the third quarter. Peoples Bank OH now owns 609,323 shares of the bank’s stock valued at $15,465,000 after buying an additional 5,721 shares during the period. Inspire Investing LLC purchased a new stake in shares of Peoples Bancorp in the 3rd quarter worth about $934,000. Finally, River Oaks Capital LLC increased its stake in shares of Peoples Bancorp by 366.0% in the 3rd quarter. River Oaks Capital LLC now owns 109,500 shares of the bank’s stock worth $2,779,000 after acquiring an additional 86,000 shares in the last quarter. 60.68% of the stock is owned by institutional investors.

Peoples Bancorp Company Profile

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.