Peoples Bancorp Inc. (NASDAQ:PEBO) has received a consensus recommendation of “Hold” from the eight analysts that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $33.50.
PEBO has been the topic of a number of recent research reports. BidaskClub cut Peoples Bancorp from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Boenning Scattergood reaffirmed a “hold” rating on shares of Peoples Bancorp in a report on Wednesday, July 26th. Keefe, Bruyette & Woods reaffirmed a “neutral” rating on shares of Peoples Bancorp in a report on Tuesday, July 25th. Finally, Zacks Investment Research cut Peoples Bancorp from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 27th.
In related news, Director S Craig Beam sold 2,500 shares of the firm’s stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $32.66, for a total value of $81,650.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Over the last ninety days, insiders sold 12,987 shares of company stock worth $436,142. 3.04% of the stock is owned by insiders.
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Shares of Peoples Bancorp (PEBO) opened at 34.00 on Wednesday. The firm has a 50 day moving average price of $32.07 and a 200 day moving average price of $32.04. Peoples Bancorp has a 52 week low of $24.09 and a 52 week high of $35.43. The company has a market capitalization of $612.54 million, a price-to-earnings ratio of 18.38 and a beta of 0.78.
Peoples Bancorp (NASDAQ:PEBO) last announced its earnings results on Tuesday, July 25th. The bank reported $0.53 EPS for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.07. Peoples Bancorp had a return on equity of 7.63% and a net margin of 19.67%. The company had revenue of $41.68 million for the quarter, compared to analysts’ expectations of $40.81 million. Equities analysts forecast that Peoples Bancorp will post $2.03 EPS for the current year.
About Peoples Bancorp
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.
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