BidaskClub downgraded shares of Peoples Bancorp (NASDAQ:PEBO) from a hold rating to a sell rating in a research report released on Saturday, BidAskClub reports.

Several other equities analysts also recently commented on the stock. Zacks Investment Research raised shares of Peoples Bancorp from a sell rating to a hold rating in a research note on Thursday, November 7th. ValuEngine raised shares of Peoples Bancorp from a sell rating to a hold rating in a research note on Wednesday, October 30th.

NASDAQ:PEBO traded up $0.30 on Friday, hitting $32.69. The company had a trading volume of 52,669 shares, compared to its average volume of 42,055. The stock has a market capitalization of $677.06 million, a price-to-earnings ratio of 12.38 and a beta of 0.74. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.14. The firm has a 50 day moving average of $32.11 and a two-hundred day moving average of $31.90. Peoples Bancorp has a 52 week low of $28.35 and a 52 week high of $35.01.

Peoples Bancorp (NASDAQ:PEBO) last issued its quarterly earnings data on Tuesday, October 22nd. The bank reported $0.72 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.72. The business had revenue of $52.15 million during the quarter, compared to the consensus estimate of $51.98 million. Peoples Bancorp had a net margin of 22.95% and a return on equity of 10.62%. As a group, equities analysts forecast that Peoples Bancorp will post 2.9 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Monday, November 4th were given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 4.16%. The ex-dividend date was Friday, November 1st. Peoples Bancorp’s dividend payout ratio (DPR) is currently 51.52%.

In other Peoples Bancorp news, Director George W. Broughton sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $32.81, for a total value of $98,430.00. Following the completion of the transaction, the director now directly owns 128,429 shares in the company, valued at approximately $4,213,755.49. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Charles W. Sulerzyski sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $32.90, for a total transaction of $164,500.00. Following the completion of the transaction, the chief executive officer now owns 58,524 shares of the company’s stock, valued at $1,925,439.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,935 shares of company stock valued at $456,804. Corporate insiders own 2.89% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. D. E. Shaw & Co. Inc. increased its position in shares of Peoples Bancorp by 7.2% during the second quarter. D. E. Shaw & Co. Inc. now owns 14,254 shares of the bank’s stock worth $460,000 after buying an additional 962 shares during the period. Zebra Capital Management LLC increased its position in shares of Peoples Bancorp by 15.5% during the second quarter. Zebra Capital Management LLC now owns 8,908 shares of the bank’s stock worth $287,000 after buying an additional 1,194 shares during the period. Bank of New York Mellon Corp increased its position in shares of Peoples Bancorp by 1.2% during the second quarter. Bank of New York Mellon Corp now owns 123,846 shares of the bank’s stock worth $3,996,000 after buying an additional 1,469 shares during the period. Aperio Group LLC increased its position in shares of Peoples Bancorp by 10.0% during the second quarter. Aperio Group LLC now owns 22,199 shares of the bank’s stock worth $716,000 after buying an additional 2,020 shares during the period. Finally, Rhumbline Advisers increased its position in shares of Peoples Bancorp by 8.8% during the third quarter. Rhumbline Advisers now owns 28,858 shares of the bank’s stock worth $918,000 after buying an additional 2,322 shares during the period. Hedge funds and other institutional investors own 58.59% of the company’s stock.

About Peoples Bancorp

Peoples Bancorp Inc operates as the holding company for Peoples Bank that provides commercial and retail banking products and services. The company accepts various deposit products, including demand deposit accounts, savings accounts, money market accounts, and certificates of deposit; and provides commercial real estate construction loans, other commercial real estate loans, commercial and industrial loans, residential real estate loans, home equity lines of credit, and indirect and other consumer loans.

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