Peoples Bancorp Receives 'Moderate Buy' Rating from Six Research Firms

Peoples Bancorp Inc., a financial holding company based in Ohio, has received an average rating of 'Moderate Buy' from six research firms. According to MarketBeat, two analysts have given the stock a hold recommendation, three have recommended buying it, and one has assigned a strong buy recommendation.

The average 1-year price objective among these brokers is $41.50. Recently, Zacks Research upgraded Peoples Bancorp's rating from 'hold' to 'strong-buy', while Piper Sandler set a price target of $46.00 on the stock. Keefe, Bruyette & Woods increased its price objective from $38.00 to $42.00 and maintained a 'market perform' rating.

On the other hand, DA Davidson cut its target price from $44.00 to $42.00 while maintaining a 'buy' rating. Weiss Ratings reiterated a 'buy (b)' rating on the stock in August. The company's insider buying and selling activity also made headlines recently, with Matthew Edgell selling 3,000 shares of the business's stock on August 6th at an average price of $41.27.

Institutional investors have also been active in their positions in the stock, with D.A. Davidson & CO., Waverly Advisors LLC, Royal Bank of Canada, and Plan A Wealth LLC making notable changes to their holdings. The company's dividend payout ratio is 50.76%, and its current ratio and quick ratio are both 0.85.

Peoples Bancorp has a market capitalization of $1.35 billion, a PE ratio of 11.32, and a beta of 0.62. Its stock price opened at $37.48 on Friday, with a 50-day simple moving average of $39.99 and a two-hundred day simple moving average of $36.93.