Keefe, Bruyette & Woods Raises Peoples Bancorp (NASDAQ:PEBO) Price Target to $36.00

Peoples Bancorp (NASDAQ:PEBO) had its target price hoisted by analysts at Keefe, Bruyette & Woods from $32.00 to $36.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “market perform” rating on the bank’s stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 3.57% from the company’s current price.

Separately, Piper Sandler cut their price target on shares of Peoples Bancorp from $39.00 to $36.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 23rd. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $34.25.

Peoples Bancorp Trading Down 0.1 %

Shares of NASDAQ:PEBO traded down $0.04 during midday trading on Wednesday, reaching $34.76. 24,680 shares of the company’s stock were exchanged, compared to its average volume of 125,836. The firm’s 50 day simple moving average is $32.35 and its two-hundred day simple moving average is $31.06. 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 stock has a market cap of $1.24 billion, a price-to-earnings ratio of 9.90 and a beta of 0.77. Peoples Bancorp has a fifty-two week low of $26.74 and a fifty-two week high of $37.07.

Peoples Bancorp (NASDAQ:PEBO) last issued its quarterly earnings data on Tuesday, October 22nd. The bank reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.07. The firm had revenue of $158.41 million during the quarter, compared to the consensus estimate of $112.30 million. Peoples Bancorp had a return on equity of 11.84% and a net margin of 20.16%. During the same period last year, the company earned $1.06 EPS. As a group, sell-side analysts forecast that Peoples Bancorp will post 3.31 EPS for the current fiscal year.

Insider Buying and Selling at Peoples Bancorp

In other Peoples Bancorp news, Director Carol A. Schneeberger sold 1,000 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $30.33, for a total value of $30,330.00. Following the transaction, the director now directly owns 29,963 shares in the company, valued at $908,777.79. This represents a 3.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director S Craig Beam sold 4,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $34.31, for a total transaction of $137,240.00. Following the completion of the transaction, the director now owns 23,760 shares in the company, valued at $815,205.60. This represents a 14.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,445 shares of company stock worth $419,676 over the last three months. Insiders own 3.46% of the company’s stock.

Institutional Investors Weigh In On Peoples Bancorp

Several large investors have recently modified their holdings of the company. Shoker Investment Counsel Inc. boosted its holdings in shares of Peoples Bancorp by 1.2% in the second quarter. Shoker Investment Counsel Inc. now owns 30,789 shares of the bank’s stock valued at $924,000 after acquiring an additional 356 shares during the period. FMR LLC boosted its holdings in shares of Peoples Bancorp by 42.0% in the third quarter. FMR LLC now owns 1,252 shares of the bank’s stock valued at $38,000 after acquiring an additional 370 shares during the period. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Peoples Bancorp by 3.3% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 12,043 shares of the bank’s stock valued at $362,000 after acquiring an additional 381 shares during the period. D.A. Davidson & CO. boosted its holdings in shares of Peoples Bancorp by 2.7% in the third quarter. D.A. Davidson & CO. now owns 23,961 shares of the bank’s stock valued at $721,000 after acquiring an additional 626 shares during the period. Finally, nVerses Capital LLC acquired a new stake in shares of Peoples Bancorp during the second quarter worth $27,000. 60.68% of the stock is owned by institutional investors and hedge funds.

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.