Peoples Bancorp (NASDAQ:PEBO) Given New $40.00 Price Target at DA Davidson

Peoples Bancorp (NASDAQ:PEBO) had its price target reduced by DA Davidson from $42.00 to $40.00 in a research report report published on Wednesday,Benzinga reports. They currently have a buy rating on the bank’s stock.

PEBO has been the subject of a number of other research reports. Keefe, Bruyette & Woods lifted their target price on shares of Peoples Bancorp from $32.00 to $36.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Piper Sandler dropped their price objective on shares of Peoples Bancorp from $39.00 to $36.00 and set an “overweight” rating for the company in a research report on Wednesday, October 23rd. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $36.90.

Peoples Bancorp Stock Performance

NASDAQ:PEBO opened at $32.20 on Wednesday. Peoples Bancorp has a 1 year low of $26.74 and a 1 year high of $37.07. The firm has a 50 day moving average of $33.25 and a 200-day moving average of $31.92. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $1.14 billion, a P/E ratio of 9.17 and a beta of 0.79.

Peoples Bancorp (NASDAQ:PEBO) last posted its earnings results on Tuesday, January 21st. The bank reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.01. Peoples Bancorp had a net margin of 20.16% and a return on equity of 11.84%. During the same period in the previous year, the company earned $1.04 earnings per share. As a group, sell-side analysts anticipate that Peoples Bancorp will post 3.31 EPS for the current fiscal year.

Peoples Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 4.97%. The ex-dividend date of this dividend is Monday, February 3rd. Peoples Bancorp’s dividend payout ratio is presently 45.58%.

Insiders Place Their Bets

In other Peoples Bancorp news, Director David F. Dierker sold 2,000 shares of Peoples Bancorp stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $35.36, for a total transaction of $70,720.00. Following the completion of the sale, the director now owns 1,214 shares of the company’s stock, valued at approximately $42,927.04. The trade was a 62.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Carol A. Schneeberger sold 1,000 shares of Peoples Bancorp stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $31.02, for a total transaction of $31,020.00. Following the sale, the director now directly owns 27,686 shares of the company’s stock, valued at $858,819.72. This represents a 3.49 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,000 shares of company stock valued at $411,010. Company insiders own 3.46% of the company’s stock.

Institutional Trading of Peoples Bancorp

Institutional investors have recently bought and sold shares of the business. FMR LLC grew its holdings in Peoples Bancorp by 42.0% during the 3rd quarter. FMR LLC now owns 1,252 shares of the bank’s stock worth $38,000 after acquiring an additional 370 shares during the period. CWM LLC grew its holdings in shares of Peoples Bancorp by 503.9% in the 3rd quarter. CWM LLC now owns 1,860 shares of the bank’s stock valued at $56,000 after buying an additional 1,552 shares during the period. nVerses Capital LLC grew its holdings in shares of Peoples Bancorp by 322.2% in the 3rd quarter. nVerses Capital LLC now owns 3,800 shares of the bank’s stock valued at $114,000 after buying an additional 2,900 shares during the period. Quantbot Technologies LP grew its holdings in shares of Peoples Bancorp by 223.3% in the 3rd quarter. Quantbot Technologies LP now owns 3,964 shares of the bank’s stock valued at $119,000 after buying an additional 2,738 shares during the period. Finally, Future Financial Wealth Managment LLC acquired a new position in shares of Peoples Bancorp in the 3rd quarter valued at $123,000. Institutional investors and hedge funds own 60.68% of the company’s stock.

Peoples Bancorp Company Profile

Peoples Bancorp Inc operates as the holding company for Peoples Bank that provides commercial and consumer banking products and services. The company accepts various deposit products, including demand deposit accounts, savings accounts, money market accounts, certificates of deposit, and governmental deposits; and provides commercial and industrial, commercial real estate, construction, finance, residential real estate, and consumer indirect and direct loans, as well as home equity lines of credit and overdrafts.