Peoples Bancorp (PEBO) Rating Lowered to Sell at BidaskClub

Peoples Bancorp (NASDAQ:PEBO) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.

A number of other equities analysts also recently commented on PEBO. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $34.00 price objective on shares of Peoples Bancorp in a research report on Tuesday, October 3rd. Zacks Investment Research cut Peoples Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 27th. Finally, Boenning Scattergood reissued a “hold” rating on shares of Peoples Bancorp in a research note on Wednesday, October 25th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $34.67.

Shares of Peoples Bancorp (NASDAQ:PEBO) traded down $0.03 during trading on Wednesday, reaching $33.19. The company had a trading volume of 21,700 shares, compared to its average volume of 32,367. Peoples Bancorp has a 52-week low of $29.55 and a 52-week high of $35.43. The stock has a market capitalization of $607.30, a P/E ratio of 16.43, a price-to-earnings-growth ratio of 2.20 and a beta of 0.73. 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 (NASDAQ:PEBO) last announced its quarterly earnings data on Tuesday, October 24th. The bank reported $0.60 EPS for the quarter, topping the Zacks’ 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 firm had revenue of $41.83 million for the quarter, compared to the consensus estimate of $41.96 million. equities analysts predict that Peoples Bancorp will post 2.1 EPS for the current fiscal year.

A number of hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its stake in Peoples Bancorp by 2.1% during the third quarter. Dimensional Fund Advisors LP now owns 1,323,779 shares of the bank’s stock worth $44,466,000 after acquiring an additional 27,733 shares during the last quarter. Vanguard Group Inc. increased its stake in Peoples Bancorp by 8.5% during the second quarter. Vanguard Group Inc. now owns 739,754 shares of the bank’s stock worth $23,768,000 after acquiring an additional 58,021 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in Peoples Bancorp by 2.8% during the second quarter. The Manufacturers Life Insurance Company now owns 453,425 shares of the bank’s stock worth $14,568,000 after acquiring an additional 12,302 shares during the last quarter. State Street Corp increased its stake in Peoples Bancorp by 32.5% during the second quarter. State Street Corp now owns 403,950 shares of the bank’s stock worth $12,976,000 after acquiring an additional 99,066 shares during the last quarter. Finally, LSV Asset Management increased its stake in Peoples Bancorp by 5.9% during the second quarter. LSV Asset Management now owns 397,940 shares of the bank’s stock worth $12,785,000 after acquiring an additional 22,092 shares during the last quarter. 63.50% of the stock is owned by institutional investors.

ILLEGAL ACTIVITY WARNING: This story was reported by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are accessing this story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright legislation. The original version of this story can be viewed at https://www.chaffeybreeze.com/2018/01/05/peoples-bancorp-pebo-rating-lowered-to-sell-at-bidaskclub.html.

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.

Receive News & Ratings for Peoples Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Peoples Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply