Peoples Bancorp (PEBO) Downgraded to “Hold” at Zacks Investment Research

Peoples Bancorp (NASDAQ:PEBO) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

According to Zacks, “Peoples Bancorp Inc. is a bank holding company. “

Several other equities research analysts also recently commented on PEBO. BidaskClub downgraded Peoples Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $34.00 target price on shares of Peoples Bancorp in a report on Tuesday, October 3rd. Finally, Boenning Scattergood reissued a “hold” rating on shares of Peoples Bancorp in a report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $34.67.

Shares of Peoples Bancorp (PEBO) opened at $33.19 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.82 and a current ratio of 0.82. Peoples Bancorp has a 1 year low of $29.55 and a 1 year high of $35.43. The firm has a market capitalization of $602.54, a P/E ratio of 16.43, a P/E/G ratio of 2.18 and a beta of 0.73.

Peoples Bancorp (NASDAQ:PEBO) last released its quarterly earnings results on Tuesday, October 24th. The bank reported $0.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.09. Peoples Bancorp had a return on equity of 7.99% and a net margin of 21.10%. The company had revenue of $41.83 million for the quarter, compared to analyst estimates of $41.96 million. research analysts predict that Peoples Bancorp will post 2.1 EPS for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the business. Foundry Partners LLC raised its stake in shares of Peoples Bancorp by 5.6% in the third quarter. Foundry Partners LLC now owns 227,360 shares of the bank’s stock worth $7,637,000 after purchasing an additional 11,975 shares during the last quarter. State Street Corp raised its stake in shares of Peoples Bancorp by 32.5% in the second quarter. State Street Corp now owns 403,950 shares of the bank’s stock worth $12,976,000 after purchasing an additional 99,066 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Peoples Bancorp by 8.5% in the second quarter. Vanguard Group Inc. now owns 739,754 shares of the bank’s stock worth $23,768,000 after purchasing an additional 58,021 shares during the last quarter. Prudential Financial Inc. raised its stake in shares of Peoples Bancorp by 23.6% in the second quarter. Prudential Financial Inc. now owns 16,934 shares of the bank’s stock worth $544,000 after purchasing an additional 3,230 shares during the last quarter. Finally, Nationwide Fund Advisors raised its stake in shares of Peoples Bancorp by 40.6% in the third quarter. Nationwide Fund Advisors now owns 58,312 shares of the bank’s stock worth $1,959,000 after purchasing an additional 16,825 shares during the last quarter. 63.50% of the stock is currently owned by institutional investors and hedge funds.

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Peoples Bancorp Company Profile

Peoples Bancorp Inc is a financial holding company. The Company operates principally through its subsidiary, Peoples Bank. Peoples Bank’s operating subsidiaries include Peoples Insurance Agency, LLC (Peoples Insurance) and two asset management companies, PBNA, LLC. and Peoples Tax Credit Equity, LLC.

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