Peoples Bancorp (NASDAQ:PEBO) PT Lowered to $36.00 at Piper Sandler

Peoples Bancorp (NASDAQ:PEBO) had its price target decreased by equities research analysts at Piper Sandler from $39.00 to $36.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has an “overweight” rating on the bank’s stock. Piper Sandler’s price target would indicate a potential upside of 18.23% from the stock’s current price.

Peoples Bancorp Price Performance

NASDAQ:PEBO traded down $0.16 during mid-day trading on Wednesday, reaching $30.45. The stock had a trading volume of 183 shares, compared to its average volume of 123,896. The firm has a 50 day moving average price of $30.55 and a two-hundred day moving average price of $30.10. The stock has a market capitalization of $1.08 billion, a P/E ratio of 8.70 and a beta of 0.75. Peoples Bancorp has a one year low of $25.04 and a one year high of $34.85. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.82 and a current ratio of 0.82.

Peoples Bancorp (NASDAQ:PEBO) last released its earnings results on Tuesday, October 22nd. The bank reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.06. The company had revenue of $158.41 million during the quarter, compared to the consensus estimate of $112.30 million. Peoples Bancorp had a return on equity of 12.76% and a net margin of 20.58%. During the same quarter in the previous year, the company posted $1.06 EPS. As a group, analysts expect that Peoples Bancorp will post 3.29 earnings per share for the current year.

Insider Buying and Selling at Peoples Bancorp

In other Peoples Bancorp news, Director David F. Dierker sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $30.36, for a total value of $30,360.00. Following the completion of the sale, the director now owns 10,330 shares in the company, valued at approximately $313,618.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders sold 2,121 shares of company stock worth $64,340. 3.46% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Peoples Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Shoker Investment Counsel Inc. raised its holdings in shares of Peoples Bancorp by 1.2% during the second quarter. Shoker Investment Counsel Inc. now owns 30,789 shares of the bank’s stock valued at $924,000 after acquiring an additional 356 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Peoples Bancorp by 3.3% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 12,043 shares of the bank’s stock valued at $362,000 after acquiring an additional 381 shares in the last quarter. nVerses Capital LLC bought a new position in shares of Peoples Bancorp during the second quarter valued at approximately $27,000. Wedge Capital Management L L P NC raised its holdings in shares of Peoples Bancorp by 4.1% during the second quarter. Wedge Capital Management L L P NC now owns 24,567 shares of the bank’s stock valued at $737,000 after acquiring an additional 960 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Peoples Bancorp by 3.1% during the second quarter. Victory Capital Management Inc. now owns 35,050 shares of the bank’s stock valued at $1,052,000 after acquiring an additional 1,050 shares in 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.