Peoples Bancorp (NASDAQ:PEBO) Upgraded by BidaskClub to “Hold”

BidaskClub upgraded shares of Peoples Bancorp (NASDAQ:PEBO) from a sell rating to a hold rating in a report published on Tuesday morning, BidAskClub reports.

A number of other analysts also recently weighed in on PEBO. Boenning Scattergood restated a hold rating on shares of Peoples Bancorp in a research note on Wednesday, May 1st. Zacks Investment Research downgraded Peoples Bancorp from a hold rating to a sell rating in a research note on Friday, August 9th.

Peoples Bancorp stock opened at $31.82 on Tuesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.80 and a current ratio of 0.81. Peoples Bancorp has a 1-year low of $28.35 and a 1-year high of $36.92. The stock has a market capitalization of $653.89 million, a P/E ratio of 12.05, a PEG ratio of 1.41 and a beta of 0.73. The company has a 50 day simple moving average of $31.90.

Peoples Bancorp (NASDAQ:PEBO) last posted its quarterly earnings results on Tuesday, July 23rd. The bank reported $0.74 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.07. Peoples Bancorp had a return on equity of 10.65% and a net margin of 22.61%. The firm had revenue of $51.34 million for the quarter, compared to the consensus estimate of $51.14 million. Research analysts expect that Peoples Bancorp will post 2.8 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 19th. Investors of record on Monday, August 5th will be paid a $0.34 dividend. The ex-dividend date is Friday, August 2nd. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.27%. Peoples Bancorp’s dividend payout ratio (DPR) is presently 51.52%.

In other Peoples Bancorp news, Director George W. Broughton sold 6,072 shares of the business’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $32.34, for a total transaction of $196,368.48. Following the sale, the director now directly owns 134,325 shares in the company, valued at $4,344,070.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.89% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. BNP Paribas Arbitrage SA boosted its position in Peoples Bancorp by 438.7% during the first quarter. BNP Paribas Arbitrage SA now owns 3,685 shares of the bank’s stock worth $114,000 after purchasing an additional 3,001 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Peoples Bancorp during the first quarter worth $152,000. Metropolitan Life Insurance Co. NY boosted its position in Peoples Bancorp by 321.2% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 5,501 shares of the bank’s stock worth $166,000 after purchasing an additional 4,195 shares in the last quarter. Eidelman Virant Capital purchased a new stake in Peoples Bancorp during the second quarter worth $282,000. Finally, WINTON GROUP Ltd boosted its position in Peoples Bancorp by 70.0% during the second quarter. WINTON GROUP Ltd now owns 11,637 shares of the bank’s stock worth $375,000 after purchasing an additional 4,793 shares in the last quarter. Institutional investors own 57.36% of the company’s stock.

About Peoples Bancorp

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.

See Also: P/E Growth (PEG)

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