$77.59 Million in Sales Expected for Peoples Bancorp Inc. (NASDAQ:PEBO) This Quarter

Brokerages expect that Peoples Bancorp Inc. (NASDAQ:PEBOGet Rating) will report $77.59 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Peoples Bancorp’s earnings, with the lowest sales estimate coming in at $75.56 million and the highest estimate coming in at $80.20 million. Peoples Bancorp reported sales of $55.81 million during the same quarter last year, which would indicate a positive year over year growth rate of 39%. The business is expected to announce its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Peoples Bancorp will report full-year sales of $313.72 million for the current year, with estimates ranging from $306.16 million to $321.60 million. For the next financial year, analysts anticipate that the firm will report sales of $337.59 million, with estimates ranging from $323.14 million to $359.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Peoples Bancorp.

Peoples Bancorp (NASDAQ:PEBOGet Rating) last released its earnings results on Tuesday, April 26th. The bank reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.16. Peoples Bancorp had a return on equity of 9.69% and a net margin of 18.66%. During the same period last year, the business earned $0.90 EPS.

A number of analysts have weighed in on PEBO shares. Piper Sandler increased their target price on Peoples Bancorp from $42.00 to $44.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 2nd. B. Riley cut their price target on Peoples Bancorp from $38.00 to $36.00 in a research note on Tuesday, April 12th. Zacks Investment Research upgraded Peoples Bancorp from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a research note on Wednesday, March 30th. Raymond James lowered Peoples Bancorp from an “outperform” rating to a “market perform” rating in a research note on Thursday. Finally, StockNews.com initiated coverage on Peoples Bancorp in a research note on Thursday, March 31st. They set a “hold” rating on the stock.

In related news, EVP Michael Ryan Kirkham sold 818 shares of the firm’s stock in a transaction dated Wednesday, February 23rd. The stock was sold at an average price of $31.83, for a total transaction of $26,036.94. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 2.42% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of PEBO. Legal & General Group Plc raised its stake in shares of Peoples Bancorp by 4.2% in the fourth quarter. Legal & General Group Plc now owns 9,918 shares of the bank’s stock worth $316,000 after purchasing an additional 398 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of Peoples Bancorp by 1.5% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 30,722 shares of the bank’s stock worth $977,000 after purchasing an additional 462 shares during the last quarter. Voya Investment Management LLC raised its stake in shares of Peoples Bancorp by 6.1% in the third quarter. Voya Investment Management LLC now owns 8,192 shares of the bank’s stock worth $259,000 after purchasing an additional 471 shares during the last quarter. Captrust Financial Advisors raised its stake in shares of Peoples Bancorp by 103.3% in the third quarter. Captrust Financial Advisors now owns 1,043 shares of the bank’s stock worth $33,000 after purchasing an additional 530 shares during the last quarter. Finally, Cubist Systematic Strategies LLC raised its stake in shares of Peoples Bancorp by 8.3% in the third quarter. Cubist Systematic Strategies LLC now owns 9,031 shares of the bank’s stock worth $285,000 after purchasing an additional 690 shares during the last quarter. 48.17% of the stock is owned by institutional investors and hedge funds.

PEBO stock opened at $27.99 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.12. The business’s fifty day simple moving average is $31.27 and its two-hundred day simple moving average is $31.99. Peoples Bancorp has a twelve month low of $27.72 and a twelve month high of $34.63. The firm has a market cap of $796.12 million, a price-to-earnings ratio of 13.93 and a beta of 0.81.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 23rd. Investors of record on Monday, May 9th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, May 6th. This represents a $1.52 dividend on an annualized basis and a yield of 5.43%. This is an increase from Peoples Bancorp’s previous quarterly dividend of $0.36. Peoples Bancorp’s dividend payout ratio (DPR) is presently 71.64%.

About Peoples Bancorp (Get Rating)

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 and industrial, commercial real estate, construction, finance, residential real estate, and consumer indirect and direct loans, as well as home equity lines of credit and overdrafts.

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Earnings History and Estimates for Peoples Bancorp (NASDAQ:PEBO)

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