Peoples Bancorp’s (PEBO) Hold Rating Reaffirmed at Boenning Scattergood

Boenning Scattergood restated their hold rating on shares of Peoples Bancorp Inc. (NASDAQ:PEBO) in a report released on Wednesday. Boenning Scattergood also issued estimates for Peoples Bancorp’s FY2017 earnings at $2.13 EPS, Q1 2018 earnings at $0.53 EPS, Q2 2018 earnings at $0.20 EPS, Q3 2018 earnings at $0.55 EPS, Q4 2018 earnings at $0.54 EPS, FY2018 earnings at $1.81 EPS and FY2019 earnings at $2.28 EPS.

A number of other equities analysts have also weighed in on the company. BidaskClub lowered Peoples Bancorp from a sell rating to a strong sell rating in a research note on Friday, July 28th. Keefe, Bruyette & Woods reiterated a neutral rating on shares of Peoples Bancorp in a research note on Tuesday, July 25th. Finally, Zacks Investment Research upgraded Peoples Bancorp from a hold rating to a strong-buy rating and set a $38.00 price objective for the company in a research note on Friday, July 28th. 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 to the company. Peoples Bancorp presently has a consensus rating of Hold and an average target price of $35.00.

Peoples Bancorp (PEBO) traded down 0.12% during mid-day trading on Wednesday, reaching $34.15. The company’s stock had a trading volume of 84,596 shares. The stock has a 50-day moving average price of $33.16 and a 200-day moving average price of $32.26. Peoples Bancorp has a one year low of $24.16 and a one year high of $35.43. The company has a market capitalization of $615.25 million, a price-to-earnings ratio of 18.46 and a beta of 0.78.

Peoples Bancorp (NASDAQ:PEBO) last released its quarterly earnings data on Tuesday, October 24th. The bank reported $0.60 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.09. The business had revenue of $41.83 million during the quarter, compared to analyst estimates of $41.96 million. Peoples Bancorp had a return on equity of 8.06% and a net margin of 21.10%. Equities research analysts forecast that Peoples Bancorp will post $2.09 EPS for the current year.

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The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 17th. Shareholders of record on Friday, November 3rd will be paid a dividend of $0.22 per share. The ex-dividend date is Thursday, November 2nd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.58%. Peoples Bancorp’s payout ratio is currently 43.56%.

In other news, Director S Craig Beam sold 975 shares of the firm’s stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $34.00, for a total transaction of $33,150.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 12,987 shares of company stock worth $436,142 over the last 90 days. Insiders own 3.04% of the company’s stock.

Large investors have recently bought and sold shares of the company. Park National Corp OH acquired a new stake in shares of Peoples Bancorp during the 2nd quarter valued at about $203,000. Citigroup Inc. grew its position in shares of Peoples Bancorp by 361.7% during the 2nd quarter. Citigroup Inc. now owns 6,694 shares of the bank’s stock valued at $215,000 after acquiring an additional 5,244 shares during the period. Goldman Sachs Group Inc. acquired a new stake in shares of Peoples Bancorp during the 1st quarter valued at about $217,000. Highbridge Capital Management LLC acquired a new stake in shares of Peoples Bancorp during the 1st quarter valued at about $232,000. Finally, American International Group Inc. grew its position in shares of Peoples Bancorp by 7.1% during the 1st quarter. American International Group Inc. now owns 9,897 shares of the bank’s stock valued at $313,000 after acquiring an additional 659 shares during the period. Hedge funds and other institutional investors own 62.63% of the company’s stock.

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.

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