Peoples Bancorp (NASDAQ:PEBO – Get Free Report) had its price target lowered by analysts at DA Davidson from $42.00 to $40.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the bank’s stock. DA Davidson’s price target suggests a potential upside of 22.40% from the stock’s current price. DA Davidson also issued estimates for Peoples Bancorp’s Q1 2025 earnings at $0.71 EPS.
Several other research analysts have also commented on the stock. Piper Sandler lowered 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 note on Wednesday, October 23rd. Keefe, Bruyette & Woods raised their price target on shares of Peoples Bancorp from $32.00 to $36.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $36.90.
View Our Latest Analysis on PEBO
Peoples Bancorp Stock Performance
Peoples Bancorp (NASDAQ:PEBO – Get Free Report) last issued its quarterly earnings data on Tuesday, January 21st. The bank reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.01. Peoples Bancorp had a return on equity of 11.07% and a net margin of 18.90%. During the same period in the previous year, the firm earned $1.04 earnings per share. Equities research analysts forecast that Peoples Bancorp will post 3.16 EPS for the current year.
Insider Buying and Selling
In other Peoples Bancorp news, Director David F. Dierker sold 2,000 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $35.36, for a total value of $70,720.00. Following the transaction, the director now directly owns 1,214 shares in the company, valued at $42,927.04. This represents a 62.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Carol A. Schneeberger sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $31.02, for a total transaction of $31,020.00. Following the sale, the director now owns 27,686 shares of the company’s stock, valued at $858,819.72. This represents a 3.49 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,000 shares of company stock worth $411,010. Corporate insiders own 3.46% of the company’s stock.
Institutional Investors Weigh In On Peoples Bancorp
Several hedge funds and other institutional investors have recently bought and sold shares of PEBO. FMR LLC grew its holdings in shares of Peoples Bancorp by 42.0% during the third quarter. FMR LLC now owns 1,252 shares of the bank’s stock worth $38,000 after purchasing an additional 370 shares during the last quarter. CWM LLC boosted its position in shares of Peoples Bancorp by 503.9% in the 3rd quarter. CWM LLC now owns 1,860 shares of the bank’s stock valued at $56,000 after purchasing an additional 1,552 shares during the period. nVerses Capital LLC grew its stake in Peoples Bancorp by 322.2% during the 3rd quarter. nVerses Capital LLC now owns 3,800 shares of the bank’s stock worth $114,000 after buying an additional 2,900 shares during the last quarter. Quantbot Technologies LP grew its stake in Peoples Bancorp by 223.3% during the 3rd quarter. Quantbot Technologies LP now owns 3,964 shares of the bank’s stock worth $119,000 after buying an additional 2,738 shares during the last quarter. Finally, Future Financial Wealth Managment LLC acquired a new position in Peoples Bancorp during the third quarter worth approximately $123,000. 60.68% 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 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.
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