Peoples Bancorp (PEBO) Upgraded to Buy by ValuEngine

Peoples Bancorp (NASDAQ:PEBO) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Thursday, May 31st.

Other equities research analysts have also issued reports about the stock. Boenning Scattergood reissued a “hold” rating on shares of Peoples Bancorp in a report on Wednesday, April 25th. BidaskClub downgraded Peoples Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, February 27th. Zacks Investment Research downgraded Peoples Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, March 14th. Finally, Hovde Group set a $39.00 price target on Peoples Bancorp and gave the company a “hold” rating in a research note on Tuesday, April 24th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $38.00.

Shares of NASDAQ PEBO traded up $0.12 during mid-day trading on Thursday, hitting $38.18. The stock had a trading volume of 52,000 shares, compared to its average volume of 42,875. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 0.27. Peoples Bancorp has a 1 year low of $29.55 and a 1 year high of $38.89. The company has a market cap of $736.01 million, a price-to-earnings ratio of 16.67, a PEG ratio of 1.85 and a beta of 0.75.

Peoples Bancorp (NASDAQ:PEBO) last issued its quarterly earnings data on Tuesday, April 24th. The bank reported $0.64 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.04. Peoples Bancorp had a net margin of 22.48% and a return on equity of 8.83%. The business had revenue of $44.25 million for the quarter, compared to the consensus estimate of $42.87 million. equities research analysts anticipate that Peoples Bancorp will post 2.58 earnings per share for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. UBS Group AG raised its position in Peoples Bancorp by 26.8% in the 1st quarter. UBS Group AG now owns 6,908 shares of the bank’s stock valued at $245,000 after purchasing an additional 1,460 shares in the last quarter. Bank of Montreal Can raised its holdings in Peoples Bancorp by 6.3% during the fourth quarter. Bank of Montreal Can now owns 28,819 shares of the bank’s stock worth $941,000 after purchasing an additional 1,706 shares during the last quarter. Foundry Partners LLC raised its holdings in Peoples Bancorp by 0.9% during the first quarter. Foundry Partners LLC now owns 220,935 shares of the bank’s stock worth $7,832,000 after purchasing an additional 1,925 shares during the last quarter. Virginia Retirement Systems ET AL increased its position in Peoples Bancorp by 31.3% during the first quarter. Virginia Retirement Systems ET AL now owns 8,400 shares of the bank’s stock worth $298,000 after buying an additional 2,000 shares in the last quarter. Finally, Prudential Financial Inc. increased its position in Peoples Bancorp by 11.9% during the first quarter. Prudential Financial Inc. now owns 23,587 shares of the bank’s stock worth $837,000 after buying an additional 2,500 shares in the last quarter. 61.81% of the stock is currently owned by hedge funds and other institutional investors.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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