Brokerages Expect Peoples Bancorp Inc. (NASDAQ:PEBO) Will Announce Earnings of $0.75 Per Share

Analysts expect Peoples Bancorp Inc. (NASDAQ:PEBOGet Rating) to announce earnings of $0.75 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Peoples Bancorp’s earnings, with the highest EPS estimate coming in at $0.84 and the lowest estimate coming in at $0.65. Peoples Bancorp posted earnings per share of $0.51 in the same quarter last year, which indicates a positive year over year growth rate of 47.1%. The company is expected to announce its next earnings results on Monday, January 1st.

On average, analysts expect that Peoples Bancorp will report full year earnings of $3.10 per share for the current year, with EPS estimates ranging from $3.00 to $3.29. For the next financial year, analysts forecast that the business will post earnings of $3.41 per share, with EPS estimates ranging from $3.10 to $3.60. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Peoples Bancorp.

Peoples Bancorp (NASDAQ:PEBOGet Rating) last posted its quarterly earnings results on Tuesday, April 26th. The bank reported $0.84 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.16. Peoples Bancorp had a return on equity of 10.11% and a net margin of 20.24%. During the same quarter last year, the business posted $0.90 EPS.

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

NASDAQ:PEBO opened at $27.42 on Wednesday. The firm has a market capitalization of $779.82 million, a price-to-earnings ratio of 13.31 and a beta of 0.81. Peoples Bancorp has a twelve month low of $27.41 and a twelve month high of $34.63. The stock’s 50 day moving average price is $31.17 and its two-hundred day moving average price is $31.95. 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 company also recently disclosed a quarterly dividend, which will be paid on Monday, May 23rd. Shareholders of record on Monday, May 9th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 5.54%. This is a positive change from Peoples Bancorp’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Friday, May 6th. Peoples Bancorp’s dividend payout ratio is currently 69.90%.

In other Peoples Bancorp news, EVP Michael Ryan Kirkham sold 818 shares of the company’s stock in a transaction on Wednesday, February 23rd. The stock was sold at an average price of $31.83, for a total value of $26,036.94. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 2.42% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hennion & Walsh Asset Management Inc. grew its holdings in shares of Peoples Bancorp by 7.9% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 11,825 shares of the bank’s stock worth $370,000 after purchasing an additional 868 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Peoples Bancorp during the 1st quarter worth $3,302,000. New Century Advisors LLC grew its holdings in shares of Peoples Bancorp by 16.9% during the 1st quarter. New Century Advisors LLC now owns 5,811 shares of the bank’s stock worth $182,000 after purchasing an additional 840 shares in the last quarter. Barclays PLC grew its holdings in shares of Peoples Bancorp by 142.9% during the 4th quarter. Barclays PLC now owns 48,833 shares of the bank’s stock worth $1,554,000 after purchasing an additional 28,729 shares in the last quarter. Finally, BlackRock Inc. grew its holdings in shares of Peoples Bancorp by 3.6% during the 4th quarter. BlackRock Inc. now owns 1,945,979 shares of the bank’s stock worth $61,901,000 after purchasing an additional 67,121 shares in the last quarter. 48.17% of the stock is currently owned by institutional investors.

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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