Peoples Bancorp (PEBO) Stock Rating Upgraded by ValuEngine

Peoples Bancorp (NASDAQ:PEBO) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Several other analysts have also recently commented on PEBO. Zacks Investment Research upgraded Peoples Bancorp from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a report on Wednesday, January 10th. BidaskClub upgraded Peoples Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Boenning Scattergood restated a “hold” rating on shares of Peoples Bancorp in a report on Wednesday, January 10th. Finally, Sandler O’Neill restated a “hold” rating and issued a $37.00 price target on shares of Peoples Bancorp in a report on Tuesday, January 23rd. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $35.25.

Peoples Bancorp (PEBO) traded down $0.17 on Friday, reaching $35.43. The company’s stock had a trading volume of 32,717 shares, compared to its average volume of 35,160. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.43. The stock has a market cap of $655.79, a PE ratio of 16.87, a price-to-earnings-growth ratio of 2.02 and a beta of 0.75. Peoples Bancorp has a 52 week low of $29.55 and a 52 week high of $36.40.

In other news, Director Terry Thomas Sweet acquired 2,000 shares of Peoples Bancorp stock in a transaction dated Tuesday, December 4th. The shares were acquired at an average cost of $33.97 per share, with a total value of $67,940.00. Following the purchase, the director now directly owns 4,767 shares of the company’s stock, valued at approximately $161,934.99. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 3.04% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PEBO. SG Americas Securities LLC acquired a new position in shares of Peoples Bancorp in the 3rd quarter valued at about $103,000. Citigroup Inc. lifted its stake in shares of Peoples Bancorp by 361.7% in the 2nd quarter. Citigroup Inc. now owns 6,694 shares of the bank’s stock valued at $215,000 after purchasing an additional 5,244 shares in the last quarter. Wedge Capital Management L L P NC acquired a new position in shares of Peoples Bancorp in the 3rd quarter valued at about $252,000. Virginia Retirement Systems ET AL acquired a new position in shares of Peoples Bancorp in the 3rd quarter valued at about $272,000. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Peoples Bancorp by 36.5% in the 2nd quarter. Goldman Sachs Group Inc. now owns 9,344 shares of the bank’s stock valued at $300,000 after purchasing an additional 2,499 shares in the last quarter. 63.73% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION WARNING: “Peoples Bancorp (PEBO) Stock Rating Upgraded by ValuEngine” was originally posted by American Banking News and is owned by of American Banking News. If you are accessing this report on another site, it was illegally stolen and republished in violation of United States & international trademark & copyright law. The legal version of this report can be read at https://www.americanbankingnews.com/2018/02/03/peoples-bancorp-pebo-stock-rating-upgraded-by-valuengine.html.

Peoples Bancorp Company Profile

Peoples Bancorp Inc is a financial holding company. The Company operates principally through its subsidiary, Peoples Bank. Peoples Bank’s operating subsidiaries include Peoples Insurance Agency, LLC (Peoples Insurance) and two asset management companies, PBNA, LLC and Peoples Tax Credit Equity, LLC. Peoples Investment Company has one subsidiary, Peoples Capital Corporation.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Peoples Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Peoples Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply