BidaskClub lowered shares of Peoples Bancorp (NASDAQ:PEBO) from a buy rating to a hold rating in a research report sent to investors on Tuesday morning.
A number of other equities analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Peoples Bancorp from a buy rating to a hold rating in a research note on Friday, January 5th. Sandler O’Neill reissued a hold rating and issued a $37.00 target price on shares of Peoples Bancorp in a research note on Tuesday, January 23rd. ValuEngine raised shares of Peoples Bancorp from a hold rating to a buy rating in a research note on Saturday, February 3rd. Finally, Boenning Scattergood reissued a hold rating on shares of Peoples Bancorp in a research note on Wednesday, January 24th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $35.25.
Peoples Bancorp (NASDAQ PEBO) opened at $35.25 on Tuesday. Peoples Bancorp has a one year low of $29.55 and a one year high of $36.40. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.43. The company has a market cap of $644.41, a price-to-earnings ratio of 16.32, a PEG ratio of 1.98 and a beta of 0.75.
In other news, Director Terry Thomas Sweet purchased 2,000 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The shares were purchased at an average price of $33.97 per share, with a total value of $67,940.00. Following the purchase, the director now directly owns 4,767 shares of the company’s stock, valued at approximately $161,934.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.04% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the stock. Voya Investment Management LLC increased its stake in Peoples Bancorp by 8.4% during the 2nd quarter. Voya Investment Management LLC now owns 12,654 shares of the bank’s stock worth $407,000 after buying an additional 983 shares during the period. Bank of Montreal Can increased its stake in Peoples Bancorp by 6.3% during the 4th quarter. Bank of Montreal Can now owns 28,819 shares of the bank’s stock worth $941,000 after buying an additional 1,706 shares during the period. Goldman Sachs Group Inc. increased its stake in Peoples Bancorp by 36.5% during the 2nd quarter. Goldman Sachs Group Inc. now owns 9,344 shares of the bank’s stock worth $300,000 after buying an additional 2,499 shares during the period. Macquarie Group Ltd. increased its stake in Peoples Bancorp by 201.3% during the 4th quarter. Macquarie Group Ltd. now owns 4,188 shares of the bank’s stock worth $137,000 after buying an additional 2,798 shares during the period. Finally, Alliancebernstein L.P. increased its stake in Peoples Bancorp by 19.8% during the 2nd quarter. Alliancebernstein L.P. now owns 17,635 shares of the bank’s stock worth $567,000 after buying an additional 2,915 shares during the period. 61.89% of the stock is currently owned by hedge funds and other institutional investors.
ILLEGAL ACTIVITY NOTICE: “Peoples Bancorp (PEBO) Lowered to “Hold” at BidaskClub” was first posted by Ticker Report and is the property of of Ticker Report. If you are viewing this story on another site, it was illegally stolen and reposted in violation of international copyright and trademark legislation. The original version of this story can be viewed at https://www.tickerreport.com/banking-finance/3227313/peoples-bancorp-pebo-lowered-to-hold-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. Peoples Investment Company has one subsidiary, Peoples Capital Corporation.
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.