Peoples Bancorp (NASDAQ:PEBO) Rating Increased to Hold at StockNews.com

Peoples Bancorp (NASDAQ:PEBO) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

PEBO has been the subject of several other research reports. Hovde Group started coverage on Peoples Bancorp in a research report on Monday, April 1st. They issued a “market perform” rating and a $31.00 price objective for the company. Stephens restated an “equal weight” rating and set a $34.00 target price on shares of Peoples Bancorp in a research report on Wednesday, April 24th. Piper Sandler began coverage on Peoples Bancorp in a research report on Friday, February 23rd. They set an “overweight” rating and a $34.00 target price for the company. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and set a $33.00 target price (down previously from $36.00) on shares of Peoples Bancorp in a research report on Wednesday, April 24th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $33.40.

Peoples Bancorp Trading Down 1.5 %

Shares of PEBO opened at $29.76 on Friday. The stock has a fifty day moving average price of $28.33 and a two-hundred day moving average price of $29.41. 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 company has a market cap of $1.06 billion, a price-to-earnings ratio of 8.91 and a beta of 0.76.

Institutional Investors Weigh In On Peoples Bancorp

A number of institutional investors have recently made changes to their positions in PEBO. AJOVista LLC acquired a new stake in shares of Peoples Bancorp during the fourth quarter worth $36,000. Allspring Global Investments Holdings LLC grew its stake in shares of Peoples Bancorp by 46.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,078 shares of the bank’s stock worth $53,000 after purchasing an additional 663 shares during the period. Future Financial Wealth Managment LLC acquired a new stake in shares of Peoples Bancorp during the first quarter worth $118,000. Bfsg LLC acquired a new position in Peoples Bancorp in the fourth quarter valued at about $174,000. Finally, EMC Capital Management grew its stake in Peoples Bancorp by 214.9% in the third quarter. EMC Capital Management now owns 7,292 shares of the bank’s stock valued at $185,000 after acquiring an additional 4,976 shares during the period. 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.