Peoples Bancorp Inc. (NASDAQ:PEBO) was the recipient of a large decline in short interest during the month of September. As of September 30th, there was short interest totalling 100,000 shares, a decline of 46.1% from the August 30th total of 185,700 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average daily trading volume, of 48,300 shares, the short-interest ratio is presently 2.1 days.
PEBO has been the topic of a number of research analyst reports. Zacks Investment Research downgraded Peoples Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday. BidaskClub downgraded Peoples Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, October 1st.
Peoples Bancorp stock traded up $0.52 during trading on Friday, hitting $31.12. The stock had a trading volume of 56,919 shares, compared to its average volume of 46,495. Peoples Bancorp has a 1 year low of $28.35 and a 1 year high of $35.15. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 0.15. The stock’s 50 day moving average is $31.45 and its two-hundred day moving average is $31.75. The stock has a market cap of $633.40 million, a price-to-earnings ratio of 11.79 and a beta of 0.74.
Peoples Bancorp (NASDAQ:PEBO) last posted its quarterly earnings data on Tuesday, July 23rd. The bank reported $0.74 EPS for the quarter, beating the consensus estimate of $0.67 by $0.07. Peoples Bancorp had a return on equity of 10.65% and a net margin of 22.61%. The business had revenue of $51.34 million for the quarter, compared to the consensus estimate of $51.14 million. As a group, equities research analysts anticipate that Peoples Bancorp will post 2.89 EPS for the current fiscal year.
In other news, Director George W. Broughton sold 6,072 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $32.34, for a total value of $196,368.48. Following the transaction, the director now owns 134,325 shares in the company, valued at approximately $4,344,070.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.89% of the stock is owned by insiders.
A number of institutional investors have recently bought and sold shares of the stock. Community Trust & Investment Co. purchased a new position in Peoples Bancorp in the third quarter valued at approximately $5,829,000. Susquehanna International Group LLP purchased a new position in Peoples Bancorp in the second quarter valued at approximately $234,000. Nuveen Asset Management LLC purchased a new position in Peoples Bancorp in the second quarter valued at approximately $5,788,000. Victory Capital Management Inc. lifted its stake in Peoples Bancorp by 25.2% in the second quarter. Victory Capital Management Inc. now owns 70,260 shares of the bank’s stock valued at $2,267,000 after purchasing an additional 14,135 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. lifted its stake in Peoples Bancorp by 7.2% in the second quarter. D. E. Shaw & Co. Inc. now owns 14,254 shares of the bank’s stock valued at $460,000 after purchasing an additional 962 shares during the last quarter. Institutional investors and hedge funds own 57.69% of the company’s stock.
Peoples Bancorp Company Profile
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.
See Also: Cash Flow
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