Headlines about Peoples Bancorp (NASDAQ:PEBO) have been trending somewhat positive this week, according to Accern Sentiment. Accern rates the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Peoples Bancorp earned a daily sentiment score of 0.15 on Accern’s scale. Accern also gave news articles about the bank an impact score of 45.1938398667778 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the headlines that may have effected Accern Sentiment’s scoring:
- Zacks: Brokerages Expect Peoples Bancorp Inc. (PEBO) Will Post Earnings of $0.60 Per Share (americanbankingnews.com)
- Is It The Right Time To Buy Peoples Bancorp Inc (NASDAQ:PEBO)? (finance.yahoo.com)
- $42.87 Million in Sales Expected for Peoples Bancorp Inc. (PEBO) This Quarter (americanbankingnews.com)
- Peoples Bancorp (PEBO) Rating Reiterated by Boenning Scattergood (americanbankingnews.com)
- Peoples Bancorp Inc. (PEBO) Given Average Rating of “Hold” by Brokerages (americanbankingnews.com)
PEBO has been the subject of a number of recent analyst reports. Zacks Investment Research cut Peoples Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, January 5th. BidaskClub raised Peoples Bancorp from a “hold” rating to a “buy” rating in a research note on Tuesday, March 20th. Boenning Scattergood reaffirmed a “hold” rating on shares of Peoples Bancorp in a research note on Wednesday, January 24th. Sandler O’Neill reaffirmed a “hold” rating and issued a $37.00 price target on shares of Peoples Bancorp in a research note on Tuesday, January 23rd. Finally, ValuEngine raised Peoples Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday, February 3rd. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $36.00.
Peoples Bancorp (NASDAQ:PEBO) last announced its quarterly earnings results on Tuesday, January 23rd. The bank reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.09. The company had revenue of $42.24 million during the quarter, compared to analysts’ expectations of $41.90 million. Peoples Bancorp had a return on equity of 8.57% and a net margin of 21.47%. research analysts anticipate that Peoples Bancorp will post 2.22 earnings per share for the current year.
In related news, Director George W. Broughton sold 1,000 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $35.26, for a total transaction of $35,260.00. Following the completion of the sale, the director now directly owns 160,750 shares of the company’s stock, valued at approximately $5,668,045. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 3.03% of the company’s stock.
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About Peoples Bancorp
Peoples Bancorp Inc operates as the holding company for Peoples Bank that provides commercial and retail banking products and services. The company accepts various deposit products, including demand deposit accounts, savings accounts, money market accounts, and certificates of deposit; and provides commercial real estate construction loans, other commercial real estate loans, commercial and industrial loans, residential real estate loans, home equity lines of credit, and indirect and other consumer loans.
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