A Director at Peoples Bancorp Inc (NASDAQ: PEBO) is Buying Shares

Today, a Director at Peoples Bancorp Inc (PEBOResearch Report), Craig Beam, bought shares of PEBO for $2,069.

This is Beam’s first Buy trade following 6 Sell transactions.

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Based on Peoples Bancorp Inc’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $53.98 million and quarterly net profit of $12.66 million. In comparison, last year the company earned revenue of $47.21 million and had a net profit of $10.84 million. PEBO’s market cap is $629.2M and the company has a P/E ratio of 14.73. Currently, Peoples Bancorp Inc has an average volume of 43.13K.

Based on 3 analyst ratings, the analyst consensus is Hold with an average price target of $40.50, reflecting a 25.6% upside.

The insider sentiment on Peoples Bancorp Inc has been negative according to 56 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Peoples Bancorp, Inc. is a financial holding company, which engages in banking, investment, insurance, and trust solutions. It offers various demand deposit accounts, savings accounts, money market accounts and certificates of deposit; commercial, consumer, real estate mortgage loans and lines of credit; debit and automated teller machine cards; credit cards for individuals and businesses; merchant credit card transaction processing services; corporate and personal trust services; safe deposit rental facilities; money orders and cashier’s checks; a full range of life, health, and property and casualty insurance products; brokerage services; and custom-tailored fiduciary, employee benefit plans and asset management and administration services. The company was founded in 1980 and is headquartered in Marietta, OH.