Peoples Bancorp Inc. (PEBO) Reaches New 1-Year High at $22.25
Peoples Bancorp Inc. (NASDAQ:PEBO) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $22.25 and last traded at $22.24, with a volume of 12,738 shares changing hands. The stock had previously closed at $22.25.
A number of analysts recently commented on the company. TheStreet upgraded Peoples Bancorp from a “hold” rating to a “buy” rating in a research report on Tuesday, April 26th. Zacks Investment Research lowered Peoples Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, June 29th. Finally, Hovde Group lifted their price objective on Peoples Bancorp from $19.00 to $23.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 27th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $22.60.
The stock has a 50-day moving average of $21.76 and a 200-day moving average of $19.88. The company has a market capitalization of $397.69 million and a P/E ratio of 20.84.
A hedge fund recently raised its stake in Peoples Bancorp stock. Dimensional Fund Advisors LP raised its position in Peoples Bancorp Inc. (NASDAQ:PEBO) by 5.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 998,589 shares of the company’s stock after buying an additional 49,888 shares during the period. Dimensional Fund Advisors LP owned 5.50% of Peoples Bancorp worth $18,814,000 at the end of the most recent reporting period.
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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