Peoples Bancorp (NASDAQ:PEBO) Price Target Lowered to $40.00 at DA Davidson

Peoples Bancorp (NASDAQ:PEBO) had its target price decreased by stock analysts at DA Davidson from $42.00 to $40.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the bank’s stock. DA Davidson’s target price would indicate a potential upside of 26.26% from the stock’s previous close.

Several other equities analysts have also recently weighed in on the stock. Keefe, Bruyette & Woods raised their target price on shares of Peoples Bancorp from $32.00 to $36.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Piper Sandler reduced their price objective on shares of Peoples Bancorp from $39.00 to $36.00 and set an “overweight” rating for the company in a research report on Wednesday, October 23rd. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $35.40.

Peoples Bancorp Trading Up 1.1 %

Peoples Bancorp stock traded up $0.33 during trading hours on Wednesday, reaching $31.68. 40,485 shares of the company’s stock traded hands, compared to its average volume of 122,752. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of 9.03 and a beta of 0.79. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.83 and a current ratio of 0.83. Peoples Bancorp has a fifty-two week low of $26.74 and a fifty-two week high of $37.07. The firm’s 50 day moving average is $33.31 and its 200-day moving average is $31.92.

Peoples Bancorp (NASDAQ:PEBO) last announced its earnings results on Tuesday, January 21st. The bank reported $0.76 EPS for the quarter, topping the consensus estimate of $0.75 by $0.01. Peoples Bancorp had a net margin of 20.16% and a return on equity of 11.84%. During the same quarter in the prior year, the company posted $1.04 EPS. On average, analysts predict that Peoples Bancorp will post 3.31 earnings per share for the current year.

Insider Activity at Peoples Bancorp

In other Peoples Bancorp news, Director Carol A. Schneeberger sold 1,000 shares of the company’s stock in a transaction on Wednesday, January 8th. The stock was 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director S Craig Beam sold 4,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $34.31, for a total value of $137,240.00. Following the completion of the transaction, the director now owns 23,760 shares of the company’s stock, valued at $815,205.60. This trade represents a 14.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,420 shares of company stock worth $424,076 over the last ninety days. Insiders own 3.46% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its stake in shares of Peoples Bancorp by 0.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,465,385 shares of the bank’s stock worth $73,960,000 after acquiring an additional 6,712 shares during the period. AQR Capital Management LLC grew its holdings in Peoples Bancorp by 158.5% during the 2nd quarter. AQR Capital Management LLC now owns 57,631 shares of the bank’s stock valued at $1,729,000 after buying an additional 35,333 shares in the last quarter. Creative Planning grew its holdings in Peoples Bancorp by 38.4% during the 2nd quarter. Creative Planning now owns 23,591 shares of the bank’s stock valued at $708,000 after buying an additional 6,542 shares in the last quarter. SG Americas Securities LLC purchased a new position in Peoples Bancorp during the 3rd quarter valued at about $250,000. Finally, Future Financial Wealth Managment LLC purchased a new position in Peoples Bancorp during the 3rd quarter valued at about $123,000. 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.