In a research report that was sent out to investors Thursday morning. The firm gave the stock of the bank a Hold rating.
PEBO has also been the subject of recent commentary from other brokerages. Janney Montgomery Scott began covering shares of Peoples Bancorp on Thursday, 14th April in a research report. They gave the stock a neutral ranking and set a price target of $28.00. Keefe, Bruyette & Woods reduced their target price for shares of Peoples Bancorp, from $32.00 down to $31.00, and assigned a rating of market perform in a research report on Thursday, the 6th. Seven analysts have given the stock a hold rating, and one analyst has given the stock a buy rating. Trading on Thursday saw a decline of $0.33, bringing the price to $24.76. Stock of the company traded 161,712 share compared to an average of 181,957. The company's 50-day average is $25.45, and its 200-day average is $28.02. Peoples Bancorp's 12 month low is $23.05, and its 12 month high is $32.24 The company's debt-to equity ratio is 0.12; its current ratio is 0.76, and its quick ratio 0.76. The company has a $705.41-million market cap, a P/E ratio of 6.67, and a beta value of 0.79.
Peoples Bancorp increases dividend
Recently, the business announced a quarterly distribution that will be paid out on Monday, 22nd May. Dividends will be paid to shareholders who were in the record books on Monday, 8th May. This represents a significant increase from the $0.38 quarterly dividend paid by Peoples Bancorp in the past. On an annualized base, this represents a dividend of $1.56 and a yield 6.30%. Ex-dividend day is Friday, 5th May. Dividend payout ratio (DPR), or the amount of dividends paid out by Peoples Bancorp, is 42.0%.
Peoples Bancorp: Insiders' Buying and selling
Susan D. Rector, a director at Peoples Bancorp, bought 2,100 shares in the company's stock on Friday, 10th March. Stock was bought at a cost of $28.53 a share with a value of $59.13. After the completion of the purchase, the director owns 21,101 company shares, worth approximately $602,011.53. Susan D. Rector, the director of the company, acquired 2,995 stock shares in a transaction that took place on Thursday, 4th May. Stock was purchased at an average price of $25.04 per stock, for a total of $74,994.80. After the completion of this purchase, the director owns 24,096 of the company's shares, worth $603,363.84. Susan D. Rector, the director of the company, also acquired 2,100 shares in a deal that took place on Friday, 10th March. The shares were bought at an average price of $28.53 each, for a total of $59,913.00. After the purchase was completed, the director owns directly 21,101 shares in the company, worth $602,011.53. Insiders bought a total 6,195 shares valued at $162.738 worth of stock in the company over the past three months. Corporate insiders own 2.36%.
Inflows of Institutional Capital and Outflows
Hedge funds and institutional investors have bought and sold the shares of this company recently. Susquehanna International Group LLP bought a stake in Peoples Bancorp worth approximately $1,827,000 in the first quarter. Jane Street Group LLC acquired a new stake of about $265,000. State Street Corp increased its stake in Peoples Bancorp shares by 15.4% in the first quarter. State Street Corp owns 826138 shares of Peoples Bancorp stock, valued at $21,270,000, after purchasing 110,171 additional shares in the last quarter. First Trust Advisors LP increased its holdings in Peoples Bancorp shares by 14.7% during first quarter. First Trust Advisors LP owns 68.829 shares worth $1.772,000, after purchasing an additional 8.825 shares in the last quarter. Geode Capital Management LLC also increased its shares of Peoples Bancorp during the first three months by 4.2%. Geode Capital Management LLC owns now 556,569 of the bank’s stock, valued at $14.332,000, after adding 22,343 additional shares during the last quarter. 49.73% is owned by hedge fund and institutional investors.
About Peoples Bancorp
Peoples Bancorp, Inc is a financial holding firm that offers banking, investment, trust, and insurance solutions. It offers a variety of demand deposit accounts as well as savings, money market, and certificate of deposit accounts. Other services include commercial, consumer and real estate mortgage loans, lines of credit and debit cards.
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