DA Davidson Cuts 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 note published on Wednesday morning,Benzinga reports. They currently have 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 equities research analysts have also recently issued reports about the stock. Keefe, Bruyette & Woods raised their target price on shares of Peoples Bancorp from $32.00 to $36.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Piper Sandler dropped 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. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Peoples Bancorp has an average rating of “Hold” and a consensus price target of $36.90.

Peoples Bancorp Price Performance

PEBO stock opened at $32.68 on Wednesday. Peoples Bancorp has a one year low of $26.74 and a one year 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. The company has a 50 day moving average price of $33.14 and a two-hundred day moving average price of $31.95. 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 (NASDAQ:PEBO) last announced its quarterly earnings data on Tuesday, January 21st. The bank reported $0.76 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 prior year, the company earned $1.04 earnings per share. As a group, sell-side analysts expect that Peoples Bancorp will post 3.19 EPS for the current year.

Peoples Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be given a dividend of $0.40 per share. The ex-dividend date is Monday, February 3rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.90%. Peoples Bancorp’s payout ratio is currently 48.34%.

Insider Activity at Peoples Bancorp

In related news, Director S Craig Beam sold 4,000 shares of the stock in a transaction dated Wednesday, November 6th. The stock was 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 approximately $815,205.60. This represents a 14.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Matthew Edgell sold 3,000 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 16,092 shares of the company’s stock, valued at approximately $552,921.12. This trade represents a 15.71 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 12,000 shares of company stock valued at $411,010. Corporate insiders own 3.46% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in PEBO. Foundry Partners LLC raised its stake in shares of Peoples Bancorp by 21.1% in the 3rd quarter. Foundry Partners LLC now owns 162,956 shares of the bank’s stock valued at $4,903,000 after purchasing an additional 28,346 shares in the last quarter. Jane Street Group LLC increased its holdings in Peoples Bancorp by 55.8% in the third quarter. Jane Street Group LLC now owns 56,345 shares of the bank’s stock valued at $1,695,000 after buying an additional 20,173 shares during the last quarter. Barclays PLC raised its stake in Peoples Bancorp by 138.9% during the third quarter. Barclays PLC now owns 63,096 shares of the bank’s stock valued at $1,898,000 after buying an additional 36,684 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in Peoples Bancorp by 34.6% during the 3rd quarter. Thrivent Financial for Lutherans now owns 57,078 shares of the bank’s stock worth $1,717,000 after buying an additional 14,658 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Peoples Bancorp by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 850,654 shares of the bank’s stock worth $25,601,000 after acquiring an additional 22,285 shares in the last quarter. 60.68% of the stock is currently owned by institutional investors.

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.