Peoples Bancorp Inc. (NASDAQ:PEBO) has been assigned an average recommendation of “Hold” from the seven ratings firms that are currently covering the company, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold rating. The average 1 year target price among analysts that have issued a report on the stock in the last year is $37.00.
A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Peoples Bancorp from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a report on Friday, April 27th. BidaskClub raised Peoples Bancorp from a “hold” rating to a “buy” rating in a research report on Tuesday, June 5th. ValuEngine raised Peoples Bancorp from a “hold” rating to a “buy” rating in a research report on Thursday, May 31st. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of Peoples Bancorp in a research report on Wednesday, April 25th.
Institutional investors and hedge funds have recently bought and sold shares of the company. UBS Group AG raised its stake in shares of Peoples Bancorp by 26.8% in the first quarter. UBS Group AG now owns 6,908 shares of the bank’s stock worth $245,000 after purchasing an additional 1,460 shares during the last quarter. Rhumbline Advisers raised its stake in shares of Peoples Bancorp by 9.3% in the second quarter. Rhumbline Advisers now owns 17,467 shares of the bank’s stock worth $660,000 after purchasing an additional 1,490 shares during the last quarter. Globeflex Capital L P raised its stake in shares of Peoples Bancorp by 12.0% in the second quarter. Globeflex Capital L P now owns 14,900 shares of the bank’s stock worth $563,000 after purchasing an additional 1,600 shares during the last quarter. Martingale Asset Management L P raised its stake in shares of Peoples Bancorp by 1.5% in the second quarter. Martingale Asset Management L P now owns 105,767 shares of the bank’s stock worth $3,996,000 after purchasing an additional 1,603 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Peoples Bancorp by 1.5% in the second quarter. Bank of New York Mellon Corp now owns 118,476 shares of the bank’s stock worth $4,476,000 after purchasing an additional 1,741 shares during the last quarter. 60.51% of the stock is currently owned by institutional investors and hedge funds.
Peoples Bancorp (NASDAQ:PEBO) last issued its quarterly earnings data on Tuesday, July 24th. The bank reported $0.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.01. Peoples Bancorp had a return on equity of 9.07% and a net margin of 20.70%. The business had revenue of $46.62 million for the quarter, compared to analysts’ expectations of $46.56 million. analysts predict that Peoples Bancorp will post 2.63 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, August 20th. Stockholders of record on Wednesday, August 8th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date is Tuesday, August 7th. Peoples Bancorp’s payout ratio is 49.12%.
Peoples Bancorp Company Profile
Peoples Bancorp Inc operates as the holding company for Peoples Bank that provides commercial and retail banking products and services. The company accepts various deposit products, including demand deposit accounts, savings accounts, money market accounts, and certificates of deposit; and provides commercial real estate construction loans, other commercial real estate loans, commercial and industrial loans, residential real estate loans, home equity lines of credit, and indirect and other consumer loans.
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