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

Peoples Bancorp (NASDAQ:PEBO) had its price objective cut by DA Davidson from $42.00 to $40.00 in a research report released on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the bank’s stock. DA Davidson also issued estimates for Peoples Bancorp’s Q1 2025 earnings at $0.71 EPS and FY2025 earnings at $3.60 EPS.

Other research analysts have also recently issued research reports about the stock. Piper Sandler decreased their target price 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. Keefe, Bruyette & Woods increased their price objective on Peoples Bancorp from $32.00 to $36.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $36.90.

Peoples Bancorp Stock Performance

Shares of NASDAQ PEBO opened at $32.68 on Wednesday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.21. The firm’s 50-day moving average price is $33.14 and its two-hundred day moving average price is $31.95. Peoples Bancorp has a 52-week low of $26.74 and a 52-week high of $37.07. The stock has a market capitalization of $1.16 billion, a P/E ratio of 9.87 and a beta of 0.79.

Peoples Bancorp (NASDAQ:PEBO) last posted its earnings results on Tuesday, January 21st. The bank reported $0.76 earnings per share (EPS) 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 business earned $1.04 EPS. As a group, sell-side analysts forecast that Peoples Bancorp will post 3.19 earnings per share for the current year.

Peoples Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be paid a $0.40 dividend. The ex-dividend date is Monday, February 3rd. This represents a $1.60 annualized dividend and a yield of 4.90%. Peoples Bancorp’s dividend payout ratio is presently 48.34%.

Insider Buying and Selling at Peoples Bancorp

In related news, insider Matthew Edgell sold 3,000 shares of Peoples Bancorp stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $34.36, for a total value of $103,080.00. Following the completion of the sale, the insider now owns 16,092 shares of the company’s stock, valued at approximately $552,921.12. The trade was a 15.71 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director S Craig Beam sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $34.31, for a total value of $137,240.00. Following the transaction, the director now owns 23,760 shares in the company, valued at approximately $815,205.60. This trade represents a 14.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,000 shares of company stock valued at $411,010 in the last quarter. Company insiders own 3.46% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Wellington Management Group LLP lifted its position in shares of Peoples Bancorp by 153.6% during the 3rd quarter. Wellington Management Group LLP now owns 352,488 shares of the bank’s stock worth $10,606,000 after purchasing an additional 213,488 shares during the last quarter. EMC Capital Management increased its position in Peoples Bancorp by 787.3% in the 3rd quarter. EMC Capital Management now owns 57,485 shares of the bank’s stock worth $1,730,000 after buying an additional 51,006 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Peoples Bancorp by 316.5% during the third quarter. JPMorgan Chase & Co. now owns 61,645 shares of the bank’s stock worth $1,855,000 after buying an additional 46,845 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Peoples Bancorp in the third quarter valued at approximately $1,244,000. Finally, Barclays PLC grew its stake in shares of Peoples Bancorp by 138.9% in the third quarter. Barclays PLC now owns 63,096 shares of the bank’s stock worth $1,898,000 after acquiring an additional 36,684 shares during the last quarter. Institutional investors and hedge funds 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.