Peoples Bancorp Inc. (PEBO) Sees Unusually-High Trading Volume
Peoples Bancorp Inc. (NASDAQ:PEBO) shares saw strong trading volume on Tuesday . 214,872 shares changed hands during trading, an increase of 203% from the previous session’s volume of 70,907 shares.The stock last traded at $22.50 and had previously closed at $22.57.
Several equities analysts recently issued reports 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 target price on Peoples Bancorp from $19.00 to $23.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 27th. TheStreet raised Peoples Bancorp from a “hold” rating to a “buy” rating in a research note on Tuesday, April 26th. Finally, Keefe, Bruyette & Woods increased their target price on Peoples Bancorp from $22.50 to $24.50 and gave the stock a “market perform” rating in a research note on Wednesday, July 27th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $23.70.
The company has a market cap of $403.58 million and a P/E ratio of 18.09. The stock’s 50 day moving average price is $21.90 and its 200-day moving average price is $20.11.
Peoples Bancorp (NASDAQ:PEBO) last released its quarterly earnings results on Tuesday, July 26th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.03. On average, equities research analysts expect that Peoples Bancorp Inc. will post $1.74 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 22nd. Stockholders of record on Monday, August 8th will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date is Thursday, August 4th.
A hedge fund recently raised its stake in Peoples Bancorp stock. Buckhead Capital Management LLC raised its position in shares of Peoples Bancorp Inc. (NASDAQ:PEBO) by 25.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 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.