Peoples Bancorp (NASDAQ:PEBO) Lowered to “Sell” at StockNews.com

StockNews.com cut shares of Peoples Bancorp (NASDAQ:PEBO) from a hold rating to a sell rating in a report issued on Friday morning.

Several other analysts also recently weighed in on PEBO. Hovde Group assumed coverage on Peoples Bancorp in a report on Monday, April 1st. They issued a market perform rating and a $31.00 target price for the company. Piper Sandler assumed coverage on Peoples Bancorp in a research note on Friday, February 23rd. They set an overweight rating and a $34.00 price objective for the company.

Peoples Bancorp Trading Up 0.2 %

PEBO opened at $28.56 on Friday. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 8.25 and a beta of 0.76. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.83 and a quick ratio of 0.83. The business has a fifty day moving average price of $28.22 and a 200 day moving average price of $29.30. Peoples Bancorp has a 12 month low of $23.05 and a 12 month high of $34.85.

Peoples Bancorp (NASDAQ:PEBO) last posted its earnings results on Tuesday, January 23rd. The bank reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.10. Peoples Bancorp had a return on equity of 13.47% and a net margin of 21.52%. The business had revenue of $112.92 million during the quarter, compared to the consensus estimate of $115.00 million. Sell-side analysts expect that Peoples Bancorp will post 3.39 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Arizona State Retirement System increased its holdings in Peoples Bancorp by 3.7% in the 4th quarter. Arizona State Retirement System now owns 9,393 shares of the bank’s stock valued at $317,000 after purchasing an additional 333 shares in the last quarter. Federated Hermes Inc. grew its stake in shares of Peoples Bancorp by 1.6% during the third quarter. Federated Hermes Inc. now owns 24,023 shares of the bank’s stock valued at $610,000 after acquiring an additional 382 shares in the last quarter. Shoker Investment Counsel Inc. grew its stake in shares of Peoples Bancorp by 1.3% during the third quarter. Shoker Investment Counsel Inc. now owns 29,724 shares of the bank’s stock valued at $754,000 after acquiring an additional 385 shares in the last quarter. D.A. Davidson & CO. grew its stake in shares of Peoples Bancorp by 3.7% during the fourth quarter. D.A. Davidson & CO. now owns 11,988 shares of the bank’s stock valued at $405,000 after acquiring an additional 433 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. grew its stake in shares of Peoples Bancorp by 5.2% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 11,998 shares of the bank’s stock valued at $305,000 after acquiring an additional 590 shares in the last quarter. Hedge funds and other institutional investors own 60.68% of the company’s stock.

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.