Peoples Bancorp (NASDAQ:PEBO) Stock Price Expected to Rise, Piper Sandler Analyst Says

Peoples Bancorp (NASDAQ:PEBO) had its price target raised by research analysts at Piper Sandler from $39.00 to $40.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the bank’s stock. Piper Sandler’s price target suggests a potential upside of 26.95% from the stock’s previous close.

A number of other analysts have also recently weighed in on PEBO. DA Davidson lowered their price objective on Peoples Bancorp from $42.00 to $40.00 and set a “buy” rating for the company in a research report on Wednesday. Keefe, Bruyette & Woods lifted their price target on Peoples Bancorp from $32.00 to $36.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Finally, Stephens reaffirmed an “equal weight” rating and set a $37.50 price target on shares of Peoples Bancorp in a research report on Wednesday. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Peoples Bancorp currently has an average rating of “Hold” and a consensus price target of $36.90.

Peoples Bancorp Trading Up 0.5 %

Shares of NASDAQ PEBO traded up $0.16 during midday trading on Wednesday, hitting $31.51. The company’s stock had a trading volume of 70,268 shares, compared to its average volume of 125,380. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.21. The business’s 50 day moving average is $33.31 and its two-hundred day moving average is $31.92. Peoples Bancorp has a 12-month low of $26.74 and a 12-month high of $37.07. The firm has a market cap of $1.12 billion, a P/E ratio of 9.02 and a beta of 0.79.

Peoples Bancorp (NASDAQ:PEBO) last posted its quarterly earnings data on Tuesday, January 21st. The bank reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.01. Peoples Bancorp had a return on equity of 11.84% and a net margin of 20.16%. During the same period in the previous year, the business posted $1.04 earnings per share. As a group, equities research analysts expect that Peoples Bancorp will post 3.31 EPS for the current year.

Insiders Place Their Bets

In other news, Director S Craig Beam sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $34.31, for a total transaction of $137,240.00. Following the transaction, the director now directly owns 23,760 shares in the company, valued at $815,205.60. The trade was a 14.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Carol A. Schneeberger sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $31.02, for a total value of $31,020.00. Following the completion of the transaction, the director now owns 27,686 shares in the company, valued at $858,819.72. This represents a 3.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 12,420 shares of company stock worth $424,076. Corporate insiders own 3.46% of the company’s stock.

Institutional Trading of Peoples Bancorp

A number of large investors have recently modified their holdings of PEBO. FMR LLC grew its holdings in shares of Peoples Bancorp by 42.0% during the third quarter. FMR LLC now owns 1,252 shares of the bank’s stock worth $38,000 after purchasing an additional 370 shares during the last quarter. CWM LLC lifted its position in Peoples Bancorp by 503.9% in the third quarter. CWM LLC now owns 1,860 shares of the bank’s stock valued at $56,000 after purchasing an additional 1,552 shares during the period. nVerses Capital LLC lifted its position in Peoples Bancorp by 322.2% in the third quarter. nVerses Capital LLC now owns 3,800 shares of the bank’s stock valued at $114,000 after purchasing an additional 2,900 shares during the period. Quantbot Technologies LP lifted its position in Peoples Bancorp by 223.3% in the third quarter. Quantbot Technologies LP now owns 3,964 shares of the bank’s stock valued at $119,000 after purchasing an additional 2,738 shares during the period. Finally, Future Financial Wealth Managment LLC acquired a new stake in Peoples Bancorp in the third quarter valued at about $123,000. Hedge funds and other institutional investors own 60.68% of the company’s stock.

Peoples Bancorp Company Profile

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.