The stock of Peoples Bancorp Inc. (NASDAQ:PEBO) hit a new 52-week high and has $43.57 target or 56.00% above today’s $27.93 share price. The 7 months bullish chart indicates low risk for the $520.06 million company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $43.57 price target is reached, the company will be worth $291.23M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 6.12% or $1.61 during the last trading session, hitting $27.93. About 117,161 shares traded hands or 270.97% up from the average. Peoples Bancorp Inc. (NASDAQ:PEBO) has risen 35.11% since April 11, 2016 and is uptrending. It has outperformed by 28.97% the S&P500.
Peoples Bancorp Inc. (NASDAQ:PEBO) Ratings Coverage
Out of 3 analysts covering Peoples Bancorp Inc (NASDAQ:PEBO), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. Peoples Bancorp Inc has been the topic of 4 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The company was downgraded on Friday, October 30 by Raymond James. On Friday, October 30 the stock rating was downgraded by Keefe Bruyette & Woods to “Market Perform”. Wood maintained the stock with “Market Perform” rating in Monday, March 7 report.
According to Zacks Investment Research, “Peoples Bancorp Inc. is a bank holding company.”
Insitutional Activity: The institutional sentiment decreased to 1.59 in Q2 2016. Its down 0.68, from 2.27 in 2016Q1. The ratio dropped, as 4 funds sold all Peoples Bancorp Inc. shares owned while 23 reduced positions. 10 funds bought stakes while 33 increased positions. They now own 9.75 million shares or 1.57% less from 9.90 million shares in 2016Q1.
National Bank & Trust Of New York Mellon holds 109,429 shares or 0% of its portfolio. State Bank Of Montreal Can last reported 0% of its portfolio in the stock. Tower Rech Cap Ltd Company (Trc), a New York-based fund reported 1,949 shares. Buckingham Mgmt, a Alabama-based fund reported 18,309 shares. Huntington Bank & Trust has invested 0.02% of its portfolio in Peoples Bancorp Inc. (NASDAQ:PEBO). Moreover, Private Management has 1.45% invested in Peoples Bancorp Inc. (NASDAQ:PEBO) for 1.01M shares. Tiaa Cref Invest Management Ltd holds 0% of its portfolio in Peoples Bancorp Inc. (NASDAQ:PEBO) for 103,048 shares. Kennedy Capital Management reported 403,559 shares or 0.18% of all its holdings. Bnp Paribas Arbitrage Sa has 623 shares for 0% of their US portfolio. Pl Ltd Liability Co last reported 5.94% of its portfolio in the stock. Nationwide Fund Advsr holds 13,668 shares or 0% of its portfolio. Victory Cap Mngmt has 40,440 shares for 0% of their US portfolio. Putnam Investments Limited Liability Co accumulated 61,907 shares or 0% of the stock. Brandywine Management Lc has 0% invested in the company for 6,600 shares. Gsa Prns Limited Liability Partnership last reported 0.01% of its portfolio in the stock.
Insider Transactions: Since August 1, 2016, the stock had 1 buying transaction, and 1 insider sale for $46,916 net activity. $49,905 worth of Peoples Bancorp Inc. (NASDAQ:PEBO) was bought by Rogers John C. on Monday, October 31. On Monday, August 1 the insider BROUGHTON GEORGE W sold $2,989.
More recent Peoples Bancorp Inc. (NASDAQ:PEBO) news were published by: Prnewswire.com which released: “Peoples Bancorp Inc. Names New Chief Financial Officer” on November 19, 2015. Also Prnewswire.com published the news titled: “Peoples Bancorp Inc. Announces Retirement Of Richard Ferguson From Board Of …” on May 20, 2016. Prnewswire.com‘s news article titled: “Peoples Bancorp Inc. Names New Chief Credit Officer” with publication date: June 08, 2016 was also an interesting one.
PEBO Company Profile
Peoples Bancorp Inc., incorporated on December 29, 1992, is a financial holding company. The Firm is engaged in banking, investment, insurance and trust solutions. The Firm operates principally through its subsidiary, Peoples Bank. The Firm operates through community banking segment. The Company’s services and products include demand deposit accounts, savings accounts, money market accounts and certificates of deposit. The Firm also offers commercial, consumer and real estate mortgage loans for both commercial and residential purposes, and lines of credit. The firm has a network of automated teller machine (ATM) machines and provides debit and ATM cards. The Firm also offers corporate and personal trust services, safe deposit rental facilities, money orders and cashier’s checks. The Firm also offers life, health, property and casualty insurance, as well as fiduciary, employee benefit plans and asset management services. It also offers brokerage services. The Firm provides facilities for telephone and Internet banking through both personal computers and mobile devices to its clientele.
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