Peoples Bancorp Inc. (PEBO) Trading 3% Higher
Peoples Bancorp Inc. (NASDAQ:PEBO) shares traded up 3% on Thursday . The company traded as high as $22.24 and last traded at $22.24, with a volume of 88,296 shares trading hands. The stock had previously closed at $21.60.
A number of research analysts have recently weighed in on the company. Zacks Investment Research raised Peoples Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, April 22nd. Hovde Group increased their price target on Peoples Bancorp from $19.00 to $23.00 and gave the company a “market perform” rating in a research note on Wednesday, April 27th. Finally, TheStreet upgraded shares of Peoples Bancorp from a “hold” rating to a “buy” rating in a research report on Tuesday, April 26th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $22.60.
The company’s 50 day moving average price is $21.69 and its 200-day moving average price is $19.74. The stock has a market capitalization of $396.43 million and a price-to-earnings ratio of 20.77.
Peoples Bancorp (NASDAQ:PEBO) last posted its earnings results on Tuesday, April 26th. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. On average, equities analysts expect that Peoples Bancorp Inc. will post $1.68 earnings per share for the current year.
A hedge fund recently raised its stake in Peoples Bancorp stock. Buckhead Capital Management LLC increased its position in Peoples Bancorp Inc. (NASDAQ:PEBO) by 25.3% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 58,836 shares of the company’s stock after buying an additional 11,880 shares during the period. Buckhead Capital Management LLC owned about 0.32% of Peoples Bancorp worth $1,108,000 as of its most recent SEC filing.
Peoples Bancorp Inc is a financial holding company. The Company is engaged in banking, investment, insurance and trust solutions. The Company operates principally through its subsidiary, Peoples Bank, National Association (Peoples Bank). The Company’s products and services include demand deposit accounts, savings accounts, money market accounts and certificates of deposit.
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