Peoples Bancorp Inc Receives a Rating Update from a Top Analyst

KBW analyst Michael Perito reiterated a Hold rating on Peoples Bancorp Inc (NASDAQ: PEBO) yesterday and set a price target of $42. The company’s shares opened today at $37.88, close to its 52-week high of $38.

According to TipRanks.com, Perito is a top 100 analyst with an average return of 21.2% and a 87.2% success rate. Perito covers the Financial sector, focusing on stocks such as Enterprise Financial Services Corp, Orrstown Financial Services Inc, and Farmers National Banc Corp Oh.

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 and a one-year low of $29.55. Currently, Peoples Bancorp Inc has an average volume of 44.47K.

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

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.