Peoples Bancorp (PEBO) is Reiterated by Hovde Group to Market Perform, Raises Price Target to $ 23

Peoples Bancorp (PEBO) was Reiterated by Hovde Group to “Market Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 23 from a previous price target of $19 . Hovde Group advised their investors in a research report released on Apr 27, 2016.

Peoples Bancorp closed down -0.05 points or -0.25% at $20.3 with 27,044 shares getting traded on Friday. Post opening the session at $20.39, the shares hit an intraday low of $20.28 and an intraday high of $20.62 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Mar 11, 2016, Charles W Sulerzyski (President and CEO) sold 11,000 shares at $18.36 per share price. According to the SEC, on Mar 2, 2016, S Craig Beam (director) purchased 1,000 shares at $17.93 per share price. On Feb 4, 2016, Tara Abraham (director) purchased 550 shares at $17.50 per share price, according to the Form-4 filing with the securities and exchange commission.

Peoples Bancorp Inc. is a financial holding company. The Company is engaged in banking investment insurance and trust solutions. The Company operates principally through its wholly owned subsidiary Peoples Bank National Association (Peoples Bank). The Company’s products and services include demand deposit accounts savings accounts money market accounts and certificates of deposit. It also offers commercial consumer and real estate mortgage loans for both commercial and residential purposes and lines of credit. The Company also offers corporate and personal trust services safe deposit rental facilities money orders and cashier’s checks. The Company also offers life health property and casualty insurance as well as fiduciary employee benefit plans and asset management services. Peoples Bank’s operating subsidiaries include Peoples Insurance Agency LLC and two asset management companies PBNA L.L.C. and Peoples Tax Credit Equity L.L.C.

Peoples Bancorp

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