Peoples Bancorp (NASDAQ:PEBO) Lifted to Hold at Zacks Investment Research

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Zacks Investment Research upgraded shares of Peoples Bancorp (NASDAQ:PEBO) from a sell rating to a hold rating in a report published on Saturday, Zacks.com reports.

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

Other research analysts have also recently issued research reports about the stock. BidaskClub cut shares of Peoples Bancorp from a hold rating to a sell rating in a report on Saturday, July 6th. Boenning Scattergood reiterated a hold rating on shares of Peoples Bancorp in a report on Wednesday, May 1st.

Shares of NASDAQ PEBO opened at $30.63 on Friday. The firm has a market capitalization of $647.48 million, a PE ratio of 11.60, a P/E/G ratio of 1.40 and a beta of 0.73. The firm’s 50 day moving average price is $31.97. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.83 and a current ratio of 0.83. Peoples Bancorp has a 52-week low of $28.35 and a 52-week high of $36.92.

Peoples Bancorp (NASDAQ:PEBO) last issued its quarterly earnings data on Tuesday, July 23rd. The bank reported $0.74 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.07. The firm had revenue of $51.34 million during the quarter, compared to analysts’ expectations of $51.14 million. Peoples Bancorp had a net margin of 22.61% and a return on equity of 10.95%. On average, analysts forecast that Peoples Bancorp will post 2.79 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 19th. Stockholders of record on Monday, August 5th will be given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date is Friday, August 2nd. Peoples Bancorp’s dividend payout ratio is presently 51.52%.

In other news, Director George W. Broughton sold 6,072 shares of the business’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $32.34, for a total value of $196,368.48. Following the sale, the director now owns 134,325 shares of the company’s stock, valued at $4,344,070.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 2.89% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. BNP Paribas Arbitrage SA lifted its position in shares of Peoples Bancorp by 438.7% in 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 bought a new stake in shares of Peoples Bancorp in the first quarter worth $152,000. Metropolitan Life Insurance Co. NY lifted its position in shares of Peoples Bancorp by 321.2% in 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 bought a new stake in shares of Peoples Bancorp in the second quarter worth $282,000. Finally, Public Employees Retirement System of Ohio lifted its position in shares of Peoples Bancorp by 4.5% in the fourth quarter. Public Employees Retirement System of Ohio now owns 11,939 shares of the bank’s stock worth $359,000 after purchasing an additional 517 shares in the last quarter. 57.22% of the stock is currently owned by institutional investors and hedge funds.

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.

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