Somewhat Positive Press Coverage Somewhat Unlikely to Affect Peoples Bancorp (PEBO) Share Price
Media headlines about Peoples Bancorp (NASDAQ:PEBO) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Peoples Bancorp earned a news sentiment score of 0.04 on Accern’s scale. Accern also gave news stories about the bank an impact score of 44.7211502472141 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:
- Director of Peoples Bancorp Inc (NASDAQ:PEBO), Beam S Craig, sells 975 shares worth $33,150 (empowerednews.net)
- Insider Selling: Peoples Bancorp Inc. (PEBO) Director Sells 975 Shares of Stock (americanbankingnews.com)
- S Craig Beam Sells 400 Shares of Peoples Bancorp Inc. (PEBO) Stock (americanbankingnews.com)
- Peoples Bancorp To Announce 3rd Quarter 2017 Earnings And Conduct Conference Call On October 24 (finance.yahoo.com)
- Will Peoples Bancorp Inc (PEBO) Continue To Underperform Its Industry? (finance.yahoo.com)
Shares of Peoples Bancorp (NASDAQ PEBO) traded up 0.12% on Friday, reaching $33.80. 15,202 shares of the company’s stock traded hands. The company’s 50-day moving average is $31.76 and its 200-day moving average is $31.97. Peoples Bancorp has a 52 week low of $24.09 and a 52 week high of $35.43. The firm has a market capitalization of $608.94 million, a P/E ratio of 18.27 and a beta of 0.78.
Peoples Bancorp (NASDAQ:PEBO) last released its earnings results on Tuesday, July 25th. The bank reported $0.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.07. The firm had revenue of $41.68 million during the quarter, compared to analysts’ expectations of $40.81 million. Peoples Bancorp had a net margin of 19.67% and a return on equity of 7.63%. Equities research analysts anticipate that Peoples Bancorp will post $2.03 earnings per share for the current fiscal year.
Several research analysts have weighed in on PEBO shares. BidaskClub lowered shares of Peoples Bancorp from a “hold” rating to a “sell” rating in a report on Sunday, July 16th. Keefe, Bruyette & Woods reissued a “neutral” rating on shares of Peoples Bancorp in a report on Tuesday, July 25th. Boenning Scattergood reissued a “hold” rating on shares of Peoples Bancorp in a report on Wednesday, July 26th. Finally, Zacks Investment Research raised shares of Peoples Bancorp from a “hold” rating to a “strong-buy” rating and set a $38.00 price objective for the company in a report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. Peoples Bancorp presently has a consensus rating of “Hold” and an average target price of $35.00.
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In related news, Director S Craig Beam sold 975 shares of the company’s stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $34.00, for a total transaction of $33,150.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last quarter, insiders have sold 12,987 shares of company stock valued at $436,142. Corporate insiders own 3.04% of the company’s stock.
About Peoples Bancorp
Peoples Bancorp Inc is a financial holding company. The Company operates principally through its subsidiary, Peoples Bank. Peoples Bank’s operating subsidiaries include Peoples Insurance Agency, LLC (Peoples Insurance) and two asset management companies, PBNA, LLC. and Peoples Tax Credit Equity, LLC.
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