Boenning & Scattergood Remains a Hold on Peoples Bancorp Inc

Boenning & Scattergood analyst Scott Beury maintained a Hold rating on Peoples Bancorp Inc (NASDAQ: PEBO) today. The company’s shares opened today at $37.88, close to its 52-week high of $38.03.

According to TipRanks.com, Beury is a 3-star analyst with an average return of 5.8% and a 59.1% success rate. Beury covers the Financial sector, focusing on stocks such as Farmers & Merchants Bancorp, Inc., Old National Bancorp Capital, and Independent Bank Corporation.

Currently, the analyst consensus on Peoples Bancorp Inc is Hold and the average price target is $40.50, representing a 6.9% upside.

In a report released yesterday, Hovde Group also reiterated a Hold rating on the stock with a $39 price target.

The company has a one-year high of $38.03 and a one-year low of $29.55. Currently, Peoples Bancorp Inc has an average volume of 44.31K.

Based on the recent corporate insider activity of 58 insiders, corporate insider sentiment is neutral on the stock.

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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.