Peoples Bancorp (NASDAQ:PEBO) Receives New Coverage from Analysts at StockNews.com

Analysts at StockNews.com initiated coverage on shares of Peoples Bancorp (NASDAQ:PEBO – Get Rating) in a research report issued on Thursday. The firm set a “hold” rating on the bank’s stock.

Other research analysts have also issued research reports about the company. Janney Montgomery Scott assumed coverage on Peoples Bancorp in a research report on Thursday, April 13th. They issued a “neutral” rating and a $28.00 target price for the company. Keefe, Bruyette & Woods decreased their price objective on shares of Peoples Bancorp from $32.00 to $31.00 and set a “market perform” rating for the company in a report on Thursday, April 6th. Seven analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $31.71.

Peoples Bancorp Stock Performance

Shares of PEBO stock opened at $24.82 on Thursday. The stock has a market capitalization of $707.12 million, a price-to-earnings ratio of 6.69 and a beta of 0.79. Peoples Bancorp has a one year low of $23.05 and a one year high of $32.24. The company’s 50-day simple moving average is $25.59 and its 200-day simple moving average is $28.09. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.76 and a current ratio of 0.76.

Insider Buying and Selling

In other news, Director Susan D. Rector bought 2,995 shares of Peoples Bancorp stock in a transaction on Thursday, May 4th. The stock was purchased at an average cost of $25.04 per share, with a total value of $74,994.80. Following the purchase, the director now directly owns 24,096 shares of the company’s stock, valued at approximately $603,363.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Peoples Bancorp news, Director Susan D. Rector purchased 2,100 shares of Peoples Bancorp stock in a transaction on Friday, March 10th. The stock was bought at an average price of $28.53 per share, for a total transaction of $59,913.00. Following the transaction, the director now owns 21,101 shares of the company’s stock, valued at approximately $602,011.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Susan D. Rector purchased 2,995 shares of the firm’s stock in a transaction dated Thursday, May 4th. The stock was acquired at an average cost of $25.04 per share, with a total value of $74,994.80. Following the purchase, the director now owns 24,096 shares of the company’s stock, valued at approximately $603,363.84. The disclosure for this purchase can be found here. Insiders have bought a total of 6,195 shares of company stock valued at $162,738 in the last quarter. Company insiders own 2.36% of the company’s stock.

Institutional Investors Weigh In On Peoples Bancorp

Institutional investors have recently bought and sold shares of the stock. Parallel Advisors LLC raised its position in shares of Peoples Bancorp by 1,339.5% during the 1st quarter. Parallel Advisors LLC now owns 1,238 shares of the bank’s stock worth $32,000 after buying an additional 1,152 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in Peoples Bancorp in the third quarter worth approximately $37,000. FMR LLC boosted its stake in Peoples Bancorp by 74.1% during the 1st quarter. FMR LLC now owns 1,504 shares of the bank’s stock valued at $39,000 after purchasing an additional 640 shares in the last quarter. Lazard Asset Management LLC acquired a new position in shares of Peoples Bancorp during the 4th quarter valued at $45,000. Finally, Quantbot Technologies LP lifted its holdings in shares of 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 during the period. Institutional investors and hedge funds own 49.73% of the company’s stock.

About Peoples Bancorp

(Get Rating)

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.