Price Action Don’t Lie: Could Peoples Bancorp Inc. See a Reversal After Breaking Its 52-Week High?

Price Action Don't Lie: Could Peoples Bancorp Inc. See a Reversal After Breaking Its 52 Week High?

The stock of Peoples Bancorp Inc. (NASDAQ:PEBO) hit a new 52-week high and has $30.66 target or 5.00% above today’s $29.20 share price. The 7 months bullish chart indicates low risk for the $540.83 million company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $30.66 price target is reached, the company will be worth $27.04 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 37,068 shares traded hands. Peoples Bancorp Inc. (NASDAQ:PEBO) has risen 42.41% since April 21, 2016 and is uptrending. It has outperformed by 37.08% the S&P500.

Analysts await Peoples Bancorp Inc. (NASDAQ:PEBO) to report earnings on February, 3. They expect $0.40 earnings per share, up 185.71% or $0.26 from last year’s $0.14 per share. PEBO’s profit will be $7.41M for 18.25 P/E if the $0.40 EPS becomes a reality. After $0.43 actual earnings per share reported by Peoples Bancorp Inc. for the previous quarter, Wall Street now forecasts -6.98% negative EPS growth.

Peoples Bancorp Inc. (NASDAQ:PEBO) Ratings Coverage

Out of 3 analysts covering Peoples Bancorp Inc (NASDAQ:PEBO), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. Peoples Bancorp Inc has been the topic of 4 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The stock of Peoples Bancorp Inc. (NASDAQ:PEBO) earned “Outperform” rating by Raymond James on Friday, October 30. The company was maintained on Monday, March 7 by Wood. The firm has “Market Perform” rating given on Friday, October 30 by Keefe Bruyette & Woods.

According to Zacks Investment Research, “Peoples Bancorp Inc. is a bank holding company.”

Insitutional Activity: The institutional sentiment increased to 2.21 in Q2 2016. Its up 0.62, from 1.59 in 2016Q1. The ratio improved, as 4 funds sold all Peoples Bancorp Inc. shares owned while 23 reduced positions. 10 funds bought stakes while 33 increased positions. They now own 9.75 million shares or 1.57% less from 9.90 million shares in 2016Q1.
Alliancebernstein Limited Partnership has 15,520 shares for 0% of their US portfolio. Martingale Asset Ltd Partnership holds 45,764 shares or 0.02% of its portfolio. Royal Retail Bank Of Canada last reported 25,240 shares in the company. Moreover, Mendon Advisors Corp has 0.14% invested in Peoples Bancorp Inc. (NASDAQ:PEBO) for 60,990 shares. Fifth Third Bank & Trust accumulated 0% or 25,192 shares. holds 0% of its portfolio in Peoples Bancorp Inc. (NASDAQ:PEBO) for 9,249 shares. Amer Century Companies Incorporated has 12,829 shares for 0% of their US portfolio. Lsv Asset Management accumulated 159,907 shares or 0.01% of the stock. Schwab Charles Incorporated reported 28,000 shares or 0% of all its holdings. California Public Employees Retirement System accumulated 0% or 66,500 shares. Moreover, Bridgeway Cap Management Inc has 0.02% invested in Peoples Bancorp Inc. (NASDAQ:PEBO) for 59,450 shares. Financial Bank Of Montreal Can has invested 0% of its portfolio in Peoples Bancorp Inc. (NASDAQ:PEBO). Credit Suisse Ag has 37,150 shares for 0% of their US portfolio. Bank Of America Corporation De, a North Carolina-based fund reported 64,179 shares. Moreover, Brandywine Glob Investment Ltd Liability Com has 0% invested in Peoples Bancorp Inc. (NASDAQ:PEBO) for 6,600 shares.

Insider Transactions: Since August 1, 2016, the stock had 1 insider buy, and 2 sales for $43,913 net activity. On Monday, October 31 Rogers John C. bought $49,905 worth of the stock or 2,009 shares. $3,003 worth of Peoples Bancorp Inc. (NASDAQ:PEBO) was sold by BROUGHTON GEORGE W on Tuesday, November 1.

More recent Peoples Bancorp Inc. (NASDAQ:PEBO) news were published by: Prnewswire.com which released: “Peoples Bancorp Inc. Names New Chief Financial Officer” on November 19, 2015. Also Prnewswire.com published the news titled: “Peoples Bancorp Inc. Names New Chief Credit Officer” on June 08, 2016. Prnewswire.com‘s news article titled: “Peoples Bancorp Inc. Announces Retirement Of Richard Ferguson From Board Of …” with publication date: May 20, 2016 was also an interesting one.

PEBO Company Profile

Peoples Bancorp Inc., incorporated on December 29, 1992, is a financial holding company. The Firm is engaged in banking, investment, insurance and trust solutions. The Firm operates principally through its subsidiary, Peoples Bank. The Firm operates through community banking segment. The Company’s services and products include demand deposit accounts, savings accounts, money market accounts and certificates of deposit. The Firm also offers commercial, consumer and real estate mortgage loans for both commercial and residential purposes, and lines of credit. The firm has a network of automated teller machine (ATM) machines and provides debit and ATM cards. The Firm also offers corporate and personal trust services, safe deposit rental facilities, money orders and cashier’s checks. The Firm also offers life, health, property and casualty insurance, as well as fiduciary, employee benefit plans and asset management services. It also offers brokerage services. The Firm provides facilities for telephone and Internet banking through both personal computers and mobile devices to its clientele.

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