BidaskClub downgraded shares of Peoples Bancorp (NASDAQ:PEBO) from a buy rating to a hold rating in a research report sent to investors on Tuesday, September 18th.

Several other equities research analysts also recently weighed in on PEBO. Zacks Investment Research downgraded shares of Peoples Bancorp from a buy rating to a hold rating in a report on Wednesday, June 27th. Boenning Scattergood reiterated a hold rating on shares of Peoples Bancorp in a report on Wednesday, July 25th. ValuEngine downgraded Peoples Bancorp from a buy rating to a hold rating in a report on Wednesday, June 6th. Finally, Hovde Group set a $40.00 price objective on Peoples Bancorp and gave the stock a hold rating in a report on Wednesday, July 25th. Six analysts have rated the stock with a hold rating, The stock presently has a consensus rating of Hold and a consensus price target of $40.00.

Shares of NASDAQ PEBO traded down $0.83 during trading on Tuesday, reaching $32.93. 59,726 shares of the stock were exchanged, compared to its average volume of 42,777. Peoples Bancorp has a twelve month low of $30.84 and a twelve month high of $39.58. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.23. The stock has a market cap of $684.33 million, a P/E ratio of 14.44, a PEG ratio of 1.67 and a beta of 0.68.

Peoples Bancorp (NASDAQ:PEBO) last posted its quarterly earnings results on Tuesday, July 24th. The bank reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.01. The firm had revenue of $46.62 million for the quarter, compared to analysts’ expectations of $46.56 million. Peoples Bancorp had a net margin of 20.70% and a return on equity of 9.07%. On average, research analysts expect that Peoples Bancorp will post 2.63 EPS for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC acquired a new position in Peoples Bancorp during the first quarter worth $114,000. UBS Group AG increased its stake in shares of Peoples Bancorp by 26.8% in the first quarter. UBS Group AG now owns 6,908 shares of the bank’s stock valued at $245,000 after buying an additional 1,460 shares in the last quarter. Hancock Holding Co. acquired a new stake in shares of Peoples Bancorp in the first quarter valued at $269,000. MetLife Investment Advisors LLC increased its stake in shares of Peoples Bancorp by 27.1% in the second quarter. MetLife Investment Advisors LLC now owns 8,443 shares of the bank’s stock valued at $319,000 after buying an additional 1,802 shares in the last quarter. Finally, US Bancorp DE increased its stake in shares of Peoples Bancorp by 5,073.7% in the second quarter. US Bancorp DE now owns 8,847 shares of the bank’s stock valued at $335,000 after buying an additional 8,676 shares in the last quarter. Hedge funds and other institutional investors own 61.68% of the company’s stock.

Peoples Bancorp Company Profile

Peoples Bancorp Inc operates as the holding company for Peoples Bank that provides commercial and 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.

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