Peoples Bancorp (NASDAQ:PEBO) Stock Rating Upgraded by Zacks Investment Research

Peoples Bancorp (NASDAQ:PEBO) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Thursday, Zacks.com reports.

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

Several other equities analysts have also recently issued reports on the company. BidaskClub upgraded Peoples Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, October 23rd. ValuEngine upgraded Peoples Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th.

NASDAQ:PEBO traded down $0.18 during midday trading on Thursday, reaching $33.01. The company had a trading volume of 50,400 shares, compared to its average volume of 42,246. The firm has a market capitalization of $688.44 million, a price-to-earnings ratio of 12.50 and a beta of 0.74. Peoples Bancorp has a 12-month low of $28.35 and a 12-month high of $35.01. The stock’s fifty day simple moving average is $32.03 and its 200-day simple moving average is $31.87. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.14.

Peoples Bancorp (NASDAQ:PEBO) last issued its quarterly earnings results on Tuesday, October 22nd. The bank reported $0.72 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.72. The firm had revenue of $52.15 million for the quarter, compared to analysts’ expectations of $51.98 million. Peoples Bancorp had a return on equity of 10.62% and a net margin of 22.95%. As a group, sell-side analysts expect that Peoples Bancorp will post 2.9 EPS for the current year.

In other Peoples Bancorp news, Director George W. Broughton sold 3,000 shares of Peoples Bancorp stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $32.81, for a total value of $98,430.00. Following the sale, the director now owns 128,429 shares of the company’s stock, valued at approximately $4,213,755.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.89% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in PEBO. WINTON GROUP Ltd boosted its holdings in Peoples Bancorp by 70.0% in the 2nd quarter. WINTON GROUP Ltd now owns 11,637 shares of the bank’s stock valued at $375,000 after purchasing an additional 4,793 shares in the last quarter. Uncommon Cents Investing LLC boosted its holdings in Peoples Bancorp by 7.9% in the 2nd quarter. Uncommon Cents Investing LLC now owns 37,525 shares of the bank’s stock valued at $1,211,000 after purchasing an additional 2,750 shares in the last quarter. Eidelman Virant Capital purchased a new stake in Peoples Bancorp in the 2nd quarter valued at approximately $282,000. First Trust Advisors LP boosted its holdings in Peoples Bancorp by 54.4% in the 2nd quarter. First Trust Advisors LP now owns 25,909 shares of the bank’s stock valued at $836,000 after purchasing an additional 9,126 shares in the last quarter. Finally, Dupont Capital Management Corp purchased a new stake in Peoples Bancorp in the 2nd quarter valued at approximately $665,000. 58.30% of the stock is currently owned by institutional investors.

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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