Peoples Bancorp Inc. (NASDAQ:PEBO) Given Consensus Rating of “Hold” by Analysts

Peoples Bancorp Inc. (NASDAQ:PEBO – Get Rating) has been assigned an average recommendation of “Hold” from the seven analysts that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $32.60.

Separately, StockNews.com raised shares of Peoples Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, January 6th.

Peoples Bancorp Stock Performance

Shares of PEBO opened at $30.10 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.76 and a current ratio of 0.76. Peoples Bancorp has a twelve month low of $25.63 and a twelve month high of $33.22. The firm’s 50 day moving average price is $29.58 and its two-hundred day moving average price is $29.57. The firm has a market cap of $857.01 million, a P/E ratio of 8.38 and a beta of 0.81.

Peoples Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 21st. Stockholders of record on Monday, February 6th were given a dividend of $0.38 per share. The ex-dividend date was Friday, February 3rd. This represents a $1.52 dividend on an annualized basis and a dividend yield of 5.05%. Peoples Bancorp’s payout ratio is currently 42.34%.

Insider Activity at Peoples Bancorp

In other Peoples Bancorp news, CEO Charles W. Sulerzyski sold 1,500 shares of Peoples Bancorp stock in a transaction dated Wednesday, February 15th. The stock was sold at an average price of $30.00, for a total transaction of $45,000.00. Following the completion of the sale, the chief executive officer now directly owns 85,351 shares of the company’s stock, valued at approximately $2,560,530. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.42% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Peoples Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd acquired a new stake in Peoples Bancorp in the 3rd quarter worth $37,000. McIlrath & Eck LLC boosted its position in shares of Peoples Bancorp by 46.9% during the 3rd quarter. McIlrath & Eck LLC now owns 1,353 shares of the bank’s stock valued at $39,000 after acquiring an additional 432 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in shares of Peoples Bancorp during the 4th quarter valued at about $45,000. Quantbot Technologies LP boosted its position in Peoples Bancorp by 60.0% in the first quarter. Quantbot Technologies LP now owns 1,600 shares of the bank’s stock valued at $50,000 after buying an additional 600 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its position in Peoples Bancorp by 279.3% in the fourth quarter. Quadrant Capital Group LLC now owns 2,090 shares of the bank’s stock valued at $59,000 after buying an additional 1,539 shares in the last quarter. Institutional investors and hedge funds own 49.73% of the company’s stock.

Peoples Bancorp Company Profile

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Peoples Bancorp, Inc operates as a financial holding company, which engages in banking, investment, insurance, and trust solutions. It offers various demand deposit accounts, savings accounts, money market accounts and certificates of deposit, commercial, consumer, real estate mortgage loans and lines of credit, debit and automated teller machine cards, credit cards for individuals and businesses, merchant credit card transaction processing services, corporate and personal trust services, safe deposit rental facilities, money orders and cashier’s checks, life, health, property and casualty insurance products, brokerage services, and custom-tailored fiduciary, employee benefit plans and asset management & administration services.