Peoples Bancorp (NASDAQ:PEBO) Earns Market Perform Rating from Keefe, Bruyette & Woods

Peoples Bancorp (NASDAQ:PEBO)‘s stock had its “market perform” rating reiterated by equities research analysts at Keefe, Bruyette & Woods in a note issued to investors on Wednesday, Benzinga reports. They currently have a $33.00 price objective on the bank’s stock, down from their previous price objective of $36.00. Keefe, Bruyette & Woods’ target price suggests a potential upside of 12.24% from the stock’s current price.

A number of other research analysts have also recently issued reports on the stock. Piper Sandler started coverage on shares of Peoples Bancorp in a research note on Friday, February 23rd. They issued an “overweight” rating and a $34.00 price objective on the stock. StockNews.com cut shares of Peoples Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, April 19th. Finally, Hovde Group started coverage on shares of Peoples Bancorp in a research note on Monday, April 1st. They set a “market perform” rating and a $31.00 target price on the stock.

Peoples Bancorp Price Performance

NASDAQ:PEBO traded up $0.20 during mid-day trading on Wednesday, reaching $29.40. The stock had a trading volume of 27,643 shares, compared to its average volume of 124,014. The stock has a 50-day simple moving average of $28.25 and a two-hundred day simple moving average of $29.32. The stock has a market capitalization of $1.04 billion, a PE ratio of 8.46 and a beta of 0.76. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.83 and a quick ratio of 0.83. Peoples Bancorp has a 12 month low of $23.05 and a 12 month high of $34.85.

Peoples Bancorp (NASDAQ:PEBO) last announced its quarterly earnings data on Tuesday, January 23rd. The bank reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.10. The business had revenue of $112.92 million for the quarter, compared to analysts’ expectations of $115.00 million. Peoples Bancorp had a net margin of 21.52% and a return on equity of 13.47%. On average, equities analysts anticipate that Peoples Bancorp will post 3.39 earnings per share for the current year.

Institutional Trading of Peoples Bancorp

Several institutional investors have recently modified their holdings of PEBO. AJOVista LLC bought a new stake in shares of Peoples Bancorp in the fourth quarter worth $36,000. Allspring Global Investments Holdings LLC grew its stake in shares of Peoples Bancorp by 46.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,078 shares of the bank’s stock worth $53,000 after purchasing an additional 663 shares during the last quarter. Future Financial Wealth Managment LLC bought a new stake in shares of Peoples Bancorp in the first quarter worth $118,000. Bfsg LLC bought a new stake in shares of Peoples Bancorp in the fourth quarter worth $174,000. Finally, EMC Capital Management grew its stake in shares of Peoples Bancorp by 214.9% in the third quarter. EMC Capital Management now owns 7,292 shares of the bank’s stock worth $185,000 after purchasing an additional 4,976 shares during the last quarter. Institutional investors own 60.68% of the company’s stock.

About Peoples Bancorp

Peoples Bancorp Inc operates as the holding company for Peoples Bank that provides commercial and consumer banking products and services. The company accepts various deposit products, including demand deposit accounts, savings accounts, money market accounts, certificates of deposit, and governmental deposits; and provides commercial and industrial, commercial real estate, construction, finance, residential real estate, and consumer indirect and direct loans, as well as home equity lines of credit and overdrafts.