BidaskClub upgraded shares of Peoples Bancorp (NASDAQ:PEBO) from a sell rating to a hold rating in a research report report published on Thursday, BidAskClub reports.

Separately, Zacks Investment Research cut Peoples Bancorp from a hold rating to a sell rating in a report on Friday, August 9th.

Shares of PEBO stock traded up $0.59 during mid-day trading on Thursday, hitting $33.27. 3,959 shares of the company’s stock were exchanged, compared to its average volume of 42,273. Peoples Bancorp has a fifty-two week low of $28.35 and a fifty-two week high of $36.89. The stock has a 50-day simple moving average of $31.31 and a two-hundred day simple moving average of $31.78. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 0.15. The stock has a market cap of $659.68 million, a price-to-earnings ratio of 12.67, a PEG ratio of 1.38 and a beta of 0.74.

Peoples Bancorp (NASDAQ:PEBO) last posted its quarterly earnings data on Tuesday, July 23rd. The bank reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.07. Peoples Bancorp had a return on equity of 10.65% and a net margin of 22.61%. The business had revenue of $51.34 million for the quarter, compared to analysts’ expectations of $51.14 million. As a group, analysts anticipate that Peoples Bancorp will post 2.89 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 19th. Stockholders of record on Monday, August 5th were issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 4.09%. The ex-dividend date of this dividend was Friday, August 2nd. Peoples Bancorp’s dividend payout ratio (DPR) is 51.52%.

In other news, Director George W. Broughton sold 6,072 shares of the firm’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $32.34, for a total transaction of $196,368.48. Following the sale, the director now owns 134,325 shares in the company, valued at $4,344,070.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.89% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. raised its position in shares of Peoples Bancorp by 3.2% in the 2nd quarter. BlackRock Inc. now owns 1,427,780 shares of the bank’s stock worth $46,062,000 after buying an additional 43,948 shares during the period. Vanguard Group Inc. raised its position in shares of Peoples Bancorp by 0.9% in the 2nd quarter. Vanguard Group Inc. now owns 813,326 shares of the bank’s stock worth $26,238,000 after buying an additional 7,092 shares during the period. Northern Trust Corp raised its position in shares of Peoples Bancorp by 4.7% in the 2nd quarter. Northern Trust Corp now owns 225,676 shares of the bank’s stock worth $7,281,000 after buying an additional 10,038 shares during the period. Nuveen Asset Management LLC purchased a new position in shares of Peoples Bancorp in the 2nd quarter worth $5,788,000. Finally, Bank of New York Mellon Corp raised its position in shares of Peoples Bancorp by 1.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 123,846 shares of the bank’s stock worth $3,996,000 after buying an additional 1,469 shares during the period. 57.62% of the stock is currently owned by institutional investors and hedge funds.

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.

Featured Story: Equity Income

Receive News & Ratings for Peoples Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Peoples Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.