Peoples Bancorp Inc Receives a Hold from Boenning & Scattergood

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.

According to TipRanks.com, Beury is a 3-star analyst with an average return of 5.7% and a 51.7% success rate. Beury covers the Financial sector, focusing on stocks such as Farmers & Merchants Bancorp, Inc., Old National Bancorp Capital, and United Community Financial.

Currently, the analyst consensus on Peoples Bancorp Inc is a Hold with an average price target of $39.

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Based on Peoples Bancorp Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $7.89 million. In comparison, last year the company had a net profit of $9.71 million.

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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.