Research Analysts Set Expectations for Peoples Bancorp Inc.’s Q4 2023 Earnings (NASDAQ:PEBO)

Peoples Bancorp Inc. (NASDAQ:PEBO) – Research analysts at DA Davidson issued their Q4 2023 earnings per share estimates for Peoples Bancorp in a report issued on Friday, October 27th. DA Davidson analyst M. Navas anticipates that the bank will post earnings per share of $0.91 for the quarter. The consensus estimate for Peoples Bancorp’s current full-year earnings is $4.01 per share.

Separately, StockNews.com assumed coverage on Peoples Bancorp in a report on Thursday, October 5th. They set a “hold” rating for the company.

Peoples Bancorp Trading Down 0.1 %

Peoples Bancorp stock opened at $27.16 on Monday. Peoples Bancorp has a 52 week low of $23.05 and a 52 week high of $31.36. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.79 and a current ratio of 0.79. The stock has a market capitalization of $960.65 million, a P/E ratio of 7.87 and a beta of 0.80. The stock has a 50-day simple moving average of $25.77 and a 200 day simple moving average of $26.33.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC raised its position in Peoples Bancorp by 1,339.5% during the first quarter. Parallel Advisors LLC now owns 1,238 shares of the bank’s stock valued at $32,000 after purchasing an additional 1,152 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in Peoples Bancorp by 135.8% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,415 shares of the bank’s stock valued at $38,000 after purchasing an additional 815 shares in the last quarter. FMR LLC raised its position in Peoples Bancorp by 74.1% during the first quarter. FMR LLC now owns 1,504 shares of the bank’s stock valued at $39,000 after purchasing an additional 640 shares in the last quarter. Quantbot Technologies LP raised its position in Peoples Bancorp by 60.0% during the first quarter. Quantbot Technologies LP now owns 1,600 shares of the bank’s stock valued at $50,000 after purchasing an additional 600 shares in the last quarter. Finally, Lazard Asset Management LLC acquired a new position in Peoples Bancorp during the fourth quarter valued at approximately $45,000. 53.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Peoples Bancorp

In related news, Director Dwight Eric Smith purchased 1,000 shares of the business’s stock in a transaction that occurred on Friday, August 18th. The stock was acquired at an average cost of $26.69 per share, for a total transaction of $26,690.00. Following the completion of the purchase, the director now owns 2,119 shares in the company, valued at approximately $56,556.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Charles W. Sulerzyski purchased 4,000 shares of the business’s stock in a transaction that occurred on Friday, September 8th. The stock was acquired at an average cost of $25.31 per share, for a total transaction of $101,240.00. Following the completion of the purchase, the chief executive officer now owns 89,829 shares in the company, valued at approximately $2,273,571.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dwight Eric Smith purchased 1,000 shares of the business’s stock in a transaction that occurred on Friday, August 18th. The stock was bought at an average price of $26.69 per share, with a total value of $26,690.00. Following the completion of the purchase, the director now owns 2,119 shares of the company’s stock, valued at approximately $56,556.11. The disclosure for this purchase can be found here. Corporate insiders own 2.36% of the company’s stock.

Peoples Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 20th. Stockholders of record on Monday, November 6th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.74%. The ex-dividend date of this dividend is Friday, November 3rd. Peoples Bancorp’s dividend payout ratio is presently 45.22%.

Peoples Bancorp Company Profile

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, certificates of deposit, and governmental deposits; 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.