Peoples Bancorp (NASDAQ:PEBO – Get Free Report)‘s stock had its “market perform” rating reiterated by Keefe, Bruyette & Woods in a report issued on Wednesday, Benzinga reports. They currently have a $33.00 target price on the bank’s stock, down from their previous target price of $36.00. Keefe, Bruyette & Woods’ price target suggests a potential upside of 12.24% from the stock’s current price.
Several other equities analysts have also recently issued reports on PEBO. Hovde Group assumed coverage on Peoples Bancorp in a research report on Monday, April 1st. They set a “market perform” rating and a $31.00 price target on the stock. StockNews.com cut Peoples Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, April 19th. Finally, Piper Sandler began coverage on Peoples Bancorp in a research report on Friday, February 23rd. They set an “overweight” rating and a $34.00 price target on the stock.
View Our Latest Analysis on PEBO
Peoples Bancorp Stock Performance
Peoples Bancorp (NASDAQ:PEBO – Get Free Report) last issued its quarterly earnings results on Tuesday, January 23rd. The bank reported $1.04 earnings per share (EPS) 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 company had revenue of $112.92 million for the quarter, compared to analysts’ expectations of $115.00 million. As a group, sell-side analysts expect that Peoples Bancorp will post 3.39 EPS for the current year.
Institutional Trading of Peoples Bancorp
Several hedge funds and other institutional investors have recently modified their holdings of PEBO. AJOVista LLC acquired a new stake in shares of Peoples Bancorp in the fourth quarter worth $36,000. Allspring Global Investments Holdings LLC boosted its position in shares of Peoples Bancorp by 46.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,078 shares of the bank’s stock worth $53,000 after buying an additional 663 shares during the period. Future Financial Wealth Managment LLC acquired a new stake in shares of Peoples Bancorp in the first quarter worth $118,000. Bfsg LLC acquired a new stake in shares of Peoples Bancorp in the fourth quarter worth $174,000. Finally, EMC Capital Management boosted its position in shares of Peoples Bancorp by 214.9% in the third quarter. EMC Capital Management now owns 7,292 shares of the bank’s stock worth $185,000 after buying an additional 4,976 shares during the period. Institutional investors and hedge funds own 60.68% of the company’s stock.
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.
Further Reading
- Five stocks we like better than Peoples Bancorp
- How to buy stock: A step-by-step guide for beginners
- High-Yield Texas Instruments Could Hit New Highs Soon
- Find and Profitably Trade Stocks at 52-Week Lows
- Pagaya Technologies: An AI Fintech That Insiders Are Buying
- ETF Screener: Uses and Step-by-Step Guide
- Higher Oil Prices Could Give NextEra’s Stock Earnings a Boost
Receive News & Ratings for Peoples Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Peoples Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.