Peoples Bancorp (NASDAQ:PEBO) downgraded to “Market Perform” at Raymond James

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Peoples Bancorp (NASDAQ: PEBOGet a rating) was downgraded by analysts at Raymond James from an “outperform” rating to a “market performance” rating in a note to investors released Thursday, Fly reports.

Several other research analysts have also recently published reports on the PEBO. Zacks Investment Research upgraded Peoples Bancorp shares from a “hold” rating to a “buy” rating and set a price target of $36.00 on the stock in a Wednesday, March 30, report. B. Riley lowered his target price on Peoples Bancorp shares from $38.00 to $36.00 in a Tuesday, April 12 research note. Piper Sandler raised her price target on Peoples Bancorp shares from $42.00 to $44.00 and gave the stock an “overweight” rating in a Wednesday, March 2 research note. To finish, StockNews.com alleged coverage of Peoples Bancorp stock in a Thursday, March 31, research note. They have placed a “holding” rating on the stock.

Shares of NASDAQ: PEBO opened at $28.25 on Thursday. The company has a fifty-day moving average of $31.35 and a two-hundred-day moving average of $32.01. The company has a market capitalization of $803.51 million, a P/E ratio of 14.05 and a beta of 0.81. Peoples Bancorp has a 12-month low of $27.72 and a 12-month high of $34.63. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt ratio of 0.12.

Peoples Bancorp (NASDAQ: PEBOGet a rating) last released its quarterly earnings data on Tuesday, April 26. The bank reported earnings per share (EPS) of $0.84 for the quarter, beating the consensus estimate of $0.68 by $0.16. Peoples Bancorp had a net margin of 18.66% and a return on equity of 9.69%. During the same period last year, the company posted earnings per share of $0.90. Equity research analysts expect Peoples Bancorp to post earnings per share of 3.15 for the current fiscal year.

In other news, EVP Michael Ryan Kirkham sold 818 shares in a trade on Wednesday, February 23. The shares were sold at an average price of $31.83, for a total transaction of $26,036.94. The sale was disclosed in a filing with the Securities & Exchange Commission, available at this link. 2.42% of the shares are held by company insiders.

A number of institutional investors have recently increased or reduced their stake in PEBO. Rockefeller Capital Management LP bought a new position in Peoples Bancorp in the third quarter worth $25,000. Captrust Financial Advisors increased its stake in Peoples Bancorp by 103.3% in the third quarter. Captrust Financial Advisors now owns 1,043 shares of the bank valued at $33,000 after acquiring 530 additional shares in the last quarter. River Oaks Capital LLC acquired a new stake in Peoples Bancorp in the fourth quarter valued at $130,000. New Century Advisors LLC acquired a new stake in Peoples Bancorp in the fourth quarter valued at $158,000. Finally, Metropolitan Life Insurance Co NY increased its stake in Peoples Bancorp by 22.7% in the third quarter. Metropolitan Life Insurance Co NY now owns 6,747 shares of the bank valued at $213,000 after acquiring 1,246 additional shares in the last quarter. 48.17% of the shares are held by institutional investors and hedge funds.

About Peoples Bancorp (Get a rating)

Peoples Bancorp Inc operates as a holding company for Peoples Bank which 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 offers direct and indirect commercial and industrial real estate, commercial real estate, construction, financing, residential real estate and consumer loans, as well as home equity lines of credit and overdrafts.

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