Institutional Investors Are Betting On Peoples Bancorp Inc (NASDAQ:PEBO)

July 27, 2018 - By Kristin Houston

Peoples Bancorp Inc. (NASDAQ:PEBO) Logo

Sentiment for Peoples Bancorp Inc (NASDAQ:PEBO)

Peoples Bancorp Inc (NASDAQ:PEBO) institutional sentiment increased to 2.09 in 2018 Q1. Its up 1.11, from 0.98 in 2017Q4. The ratio increased, as 67 investment managers increased and started new equity positions, while 32 decreased and sold their holdings in Peoples Bancorp Inc. The investment managers in our partner’s database reported: 10.73 million shares, up from 10.43 million shares in 2017Q4. Also, the number of investment managers holding Peoples Bancorp Inc in their top 10 equity positions decreased from 1 to 0 for a decrease of 1. Sold All: 1 Reduced: 31 Increased: 47 New Position: 20.

Peoples Bancorp Inc. operates as the holding firm for Peoples Bank that provides commercial and retail banking services and products. The company has market cap of $737.49 million. The firm accepts various deposit products, including demand deposit accounts, savings accounts, money market accounts, and certificates of deposit; and provides commercial real estate loans, real estate construction loans, commercial and industrial loans, residential real estate loans, home equity lines of credit, and direct and indirect consumer loans. It has a 16.93 P/E ratio. It also offers overdraft protection services; debit and automated teller machine cards; corporate and personal trust services; safe deposit rental facilities; money orders and cashierÂ’s checks; and telephone, mobile, and Internet banking services.

The stock decreased 0.05% or $0.02 during the last trading session, reaching $38.26. About 25,341 shares traded. Peoples Bancorp Inc. (NASDAQ:PEBO) has risen 20.35% since July 27, 2017 and is uptrending. It has outperformed by 7.78% the S&P500.

Pl Capital Advisors Llc holds 2.03% of its portfolio in Peoples Bancorp Inc. for 204,024 shares. Elizabeth Park Capital Advisors Ltd. owns 116,795 shares or 1.18% of their US portfolio. Moreover, Banc Funds Co Llc has 0.97% invested in the company for 536,917 shares. The California-based Private Management Group Inc has invested 0.75% in the stock. Foundry Partners Llc, a Minnesota-based fund reported 220,935 shares.

Since January 1, 0001, it had 0 insider purchases, and 1 sale for $35,264 activity.

Peoples Bancorp Inc. (NASDAQ:PEBO) Ratings Coverage

Ratings analysis reveals 0 of Peoples Bancorp Inc’s analysts are positive. Out of 3 Wall Street analysts rating Peoples Bancorp Inc, 0 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $3900 while the high is $4200. The stock’s average target of $40 is 4.55% above today’s ($38.26) share price. PEBO was included in 4 notes of analysts from February 26, 2018. Keefe Bruyette & Woods maintained the shares of PEBO in report on Tuesday, April 24 with “Hold” rating. The company was maintained on Tuesday, April 24 by Hovde Group. As per Friday, March 16, the company rating was maintained by Sandler O’Neill. Keefe Bruyette & Woods maintained it with “Hold” rating and $41.0 target in Monday, February 26 report.

More news for Peoples Bancorp Inc. (NASDAQ:PEBO) were recently published by: Streetinsider.com, which released: “Peoples Bancorp (PEBO) Declares $0.28 Quarterly Dividend; 2.9% Yield” on July 14, 2018. Seekingalpha.com‘s article titled: “Peoples Bancorp’s (PEBO) CEO Chuck Sulerzyski on Q2 2018 Results – Earnings Call Transcript” and published on July 24, 2018 is yet another important article.

Peoples Bancorp Inc. (NASDAQ:PEBO) Institutional Positions Chart

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