The stock of Peoples Bancorp Inc. (NASDAQ:PEBO) hit a new 52-week high and has $30.09 target or 4.00% above today’s $28.93 share price. The 8 months bullish chart indicates low risk for the $526.04 million company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $30.09 price target is reached, the company will be worth $21.04M 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. About 35,952 shares traded hands. Peoples Bancorp Inc. (NASDAQ:PEBO) has risen 44.67% since April 25, 2016 and is uptrending. It has outperformed by 38.66% the S&P500.
Analysts await Peoples Bancorp Inc. (NASDAQ:PEBO) to report earnings on February, 3. They expect $0.40 EPS, up 185.71% or $0.26 from last year’s $0.14 per share. PEBO’s profit will be $7.27 million for 18.08 P/E if the $0.40 EPS becomes a reality. After $0.43 actual EPS reported by Peoples Bancorp Inc. for the previous quarter, Wall Street now forecasts -6.98% negative EPS growth.
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 firm earned “Market Perform” rating on Monday, March 7 by Wood. Raymond James downgraded the stock to “Outperform” rating in Friday, October 30 report. The stock of Peoples Bancorp Inc. (NASDAQ:PEBO) earned “Market Perform” rating by Keefe Bruyette & Woods on Friday, October 30.
According to Zacks Investment Research, “Peoples Bancorp Inc. is a bank holding company.”
Insitutional Activity: The institutional sentiment increased to 2.21 in Q2 2016. Its up 0.62, from 1.59 in 2016Q1. The ratio increased, 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.
Legal General Grp Public Ltd Com has 2,720 shares for 0% of their US portfolio. Voya Inv Management Limited Com, a Georgia-based fund reported 11,671 shares. Dimensional Fund Advsr Limited Partnership accumulated 1.12M shares or 0.01% of the stock. The Florida-based Ladenburg Thalmann has invested 0.01% in Peoples Bancorp Inc. (NASDAQ:PEBO). Metropolitan Life Ny has invested 0% of its portfolio in Peoples Bancorp Inc. (NASDAQ:PEBO). Schwab Charles Investment Incorporated accumulated 28,000 shares or 0% of the stock. Victory Cap reported 40,440 shares or 0% of all its holdings. State Common Retirement Fund owns 18,800 shares or 0% of their US portfolio. Sii Investments Wi holds 18,810 shares or 0.03% of its portfolio. Blackrock Invest Mngmt owns 71,598 shares or 0% of their US portfolio. Credit Suisse Ag holds 0% of its portfolio in Peoples Bancorp Inc. (NASDAQ:PEBO) for 37,150 shares. Security Natl Tru accumulated 0% or 420 shares. Arcadia Investment Management Corporation Mi owns 1,250 shares or 0.01% of their US portfolio. Northern Trust has invested 0% of its portfolio in Peoples Bancorp Inc. (NASDAQ:PEBO). Huntington Financial Bank last reported 38,674 shares in the company.
Insider Transactions: Since August 1, 2016, the stock had 1 buying transaction, and 2 insider sales for $43,913 net activity. $49,905 worth of Peoples Bancorp Inc. (NASDAQ:PEBO) was bought by Rogers John C. on Monday, October 31. Shares for $3,003 were sold by BROUGHTON GEORGE W on Tuesday, November 1.
More important recent Peoples Bancorp Inc. (NASDAQ:PEBO) news were published by: Prnewswire.com which released: “Peoples Bancorp Inc. Declares Quarterly Dividend” on October 25, 2016, also Prnewswire.com published article titled: “Peoples Bancorp Inc. Names New Chief Credit Officer”, Prnewswire.com published: “Peoples Bancorp Inc. Names New Chief Financial Officer” on November 19, 2015. More interesting news about Peoples Bancorp Inc. (NASDAQ:PEBO) was released by: Prnewswire.com and their article: “Peoples Bancorp Inc. Announces Retirement Of Richard Ferguson From Board Of …” with publication date: May 20, 2016.
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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