Peoples Bancorp (NASDAQ:PEBO) Cut to Sell at StockNews.com

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

Other equities research analysts have also issued research reports about the stock. Piper Sandler initiated coverage on shares of Peoples Bancorp in a research note on Friday, February 23rd. They set an overweight rating and a $34.00 price target for the company. Hovde Group initiated coverage on shares of Peoples Bancorp in a research note on Monday, April 1st. They set a market perform rating and a $31.00 price target for the company.

Peoples Bancorp Trading Up 3.4 %

NASDAQ:PEBO opened at $28.49 on Friday. The firm has a 50-day moving average price of $28.23 and a two-hundred day moving average price of $29.28. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.83 and a current ratio of 0.83. Peoples Bancorp has a 52 week low of $23.05 and a 52 week high of $34.85. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 8.23 and a beta of 0.76.

Peoples Bancorp (NASDAQ:PEBO) last issued its quarterly earnings results on Tuesday, January 23rd. The bank reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.10. Peoples Bancorp had a net margin of 21.52% and a return on equity of 13.47%. The company had revenue of $112.92 million during the quarter, compared to analyst estimates of $115.00 million. On average, equities analysts expect that Peoples Bancorp will post 3.39 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of PEBO. AJOVista LLC bought a new position in Peoples Bancorp in the 4th quarter valued at $36,000. FMR LLC boosted its holdings in Peoples Bancorp by 74.1% in 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 during the period. Lazard Asset Management LLC bought a new position in Peoples Bancorp in the 4th quarter valued at $45,000. Quantbot Technologies LP boosted its holdings in Peoples Bancorp by 60.0% in the 1st quarter. Quantbot Technologies LP now owns 1,600 shares of the bank’s stock valued at $50,000 after purchasing an additional 600 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Peoples Bancorp by 46.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,078 shares of the bank’s stock valued at $53,000 after purchasing an additional 663 shares during the period. 60.68% of the stock is owned by institutional investors.

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.