DA Davidson Has Lowered Expectations for Peoples Bancorp (NASDAQ:PEBO) Stock Price

Peoples Bancorp (NASDAQ:PEBO) had its price target lowered by equities research analysts at DA Davidson from $42.00 to $40.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the bank’s stock. DA Davidson’s target price would indicate a potential upside of 22.40% from the stock’s previous close. DA Davidson also issued estimates for Peoples Bancorp’s Q1 2025 earnings at $0.71 EPS.

Several other analysts also recently weighed in on the stock. Piper Sandler lowered their target price on shares of Peoples Bancorp from $39.00 to $36.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd. Keefe, Bruyette & Woods lifted their price objective on Peoples Bancorp from $32.00 to $36.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Peoples Bancorp presently has an average rating of “Hold” and an average target price of $36.90.

Peoples Bancorp Stock Performance

Shares of PEBO stock opened at $32.68 on Wednesday. The stock’s 50-day moving average price is $33.19 and its 200 day moving average price is $31.92. 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 stock has a market capitalization of $1.16 billion, a PE ratio of 9.87 and a beta of 0.79. Peoples Bancorp has a 52-week low of $26.74 and a 52-week high of $37.07.

Peoples Bancorp (NASDAQ:PEBO) last released its quarterly earnings results on Tuesday, January 21st. The bank reported $0.76 EPS for the quarter, topping the consensus estimate 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 quarter in the previous year, the firm earned $1.04 earnings per share. As a group, equities research analysts forecast that Peoples Bancorp will post 3.16 EPS for the current year.

Insider Transactions at Peoples Bancorp

In other news, Director S Craig Beam sold 4,000 shares of Peoples Bancorp stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $34.31, for a total transaction of $137,240.00. Following the completion of the transaction, the director now owns 23,760 shares of the company’s stock, valued at $815,205.60. The trade was a 14.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Carol A. Schneeberger sold 1,000 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $34.13, for a total transaction of $34,130.00. Following the completion of the sale, the director now directly owns 29,322 shares in the company, valued at approximately $1,000,759.86. The trade was a 3.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,000 shares of company stock valued at $411,010 in the last quarter. 3.46% of the stock is currently owned by corporate insiders.

Institutional Trading of Peoples Bancorp

Several institutional investors and hedge funds have recently modified their holdings of PEBO. Dimensional Fund Advisors LP raised its position in shares of Peoples Bancorp by 0.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,465,385 shares of the bank’s stock worth $73,960,000 after purchasing an additional 6,712 shares during the last quarter. AQR Capital Management LLC increased its position in Peoples Bancorp by 158.5% during the second quarter. AQR Capital Management LLC now owns 57,631 shares of the bank’s stock worth $1,729,000 after buying an additional 35,333 shares in the last quarter. Creative Planning lifted its position in shares of Peoples Bancorp by 38.4% in the second quarter. Creative Planning now owns 23,591 shares of the bank’s stock valued at $708,000 after acquiring an additional 6,542 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Peoples Bancorp in the third quarter valued at $250,000. Finally, Future Financial Wealth Managment LLC acquired a new stake in shares of Peoples Bancorp during the third quarter valued at $123,000. Hedge funds and other institutional investors own 60.68% of the company’s stock.

Peoples Bancorp Company Profile

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.