$0.74 EPS Expected for Peoples Bancorp Inc. (NASDAQ:PEBO) This Quarter

Analysts predict that Peoples Bancorp Inc. (NASDAQ:PEBOGet Rating) will report earnings per share (EPS) of $0.74 for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Peoples Bancorp’s earnings, with estimates ranging from $0.65 to $0.84. Peoples Bancorp posted earnings of $0.51 per share in the same quarter last year, which suggests a positive year over year growth rate of 45.1%. The business is expected to announce its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Peoples Bancorp will report full year earnings of $3.07 per share for the current financial year, with EPS estimates ranging from $3.00 to $3.21. For the next fiscal year, analysts anticipate that the company will report earnings of $3.33 per share, with EPS estimates ranging from $3.05 to $3.57. Zacks Investment Research’s 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 $0.88 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.19. The firm had revenue of $74.75 million for the quarter, compared to analyst estimates of $74.99 million. Peoples Bancorp had a return on equity of 10.11% and a net margin of 20.24%. During the same period in the previous year, the firm earned $0.90 earnings per share.

Several brokerages recently weighed in on PEBO. Raymond James downgraded Peoples Bancorp from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 28th. B. Riley dropped their target price on Peoples Bancorp from $38.00 to $36.00 in a report on Tuesday, April 12th. StockNews.com upgraded Peoples Bancorp from a “hold” rating to a “buy” rating in a research report on Monday. Piper Sandler increased their price objective on Peoples Bancorp from $42.00 to $44.00 and gave the company an “overweight” rating in a research report on Wednesday, March 2nd. Finally, Zacks Investment Research lowered Peoples Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, April 30th.

PEBO opened at $27.41 on Wednesday. The company has a market cap of $779.62 million, a PE ratio of 13.31 and a beta of 0.85. The stock has a 50-day moving average of $30.18 and a 200-day moving average of $31.55. Peoples Bancorp has a 52-week low of $26.56 and a 52-week high of $34.63. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.79 and a current ratio of 0.79.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 23rd. Stockholders of record on Monday, May 9th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 5.55%. The ex-dividend date of this dividend is Friday, May 6th. This is a boost from Peoples Bancorp’s previous quarterly dividend of $0.36. Peoples Bancorp’s payout ratio is currently 73.79%.

In other Peoples Bancorp news, EVP Michael Ryan Kirkham sold 818 shares of the business’s stock in a transaction that occurred on Wednesday, February 23rd. The shares were 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 Securities & Exchange Commission, which is available through this link. 2.42% of the stock is currently owned by insiders.

Several institutional investors have recently modified their holdings of the stock. Two Sigma Advisers LP boosted its position in Peoples Bancorp by 25.1% during the third quarter. Two Sigma Advisers LP now owns 100,496 shares of the bank’s stock valued at $3,177,000 after acquiring an additional 20,156 shares during the last quarter. Barclays PLC boosted its position in shares of Peoples Bancorp by 756.6% during the 3rd quarter. Barclays PLC now owns 20,104 shares of the bank’s stock worth $636,000 after purchasing an additional 17,757 shares in the last quarter. Pinnacle Holdings LLC bought a new position in shares of Peoples Bancorp during the 3rd quarter worth about $1,287,000. BlackRock Inc. boosted its position in shares of Peoples Bancorp by 24.6% during the 3rd quarter. BlackRock Inc. now owns 1,878,858 shares of the bank’s stock worth $59,391,000 after purchasing an additional 370,482 shares in the last quarter. Finally, Deutsche Bank AG boosted its position in shares of Peoples Bancorp by 22.8% during the 3rd quarter. Deutsche Bank AG now owns 14,588 shares of the bank’s stock worth $461,000 after purchasing an additional 2,713 shares in the last quarter. 48.02% of the stock is currently owned by institutional investors.

Peoples Bancorp Company Profile (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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