Peoples Bancorp (PEBO) to Release Quarterly Earnings on Tuesday

Peoples Bancorp (NASDAQ:PEBO) is scheduled to post its quarterly earnings results before the market opens on Tuesday, April 23rd. Analysts expect Peoples Bancorp to post earnings of $0.81 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Peoples Bancorp (NASDAQ:PEBO) last posted its quarterly earnings data on Tuesday, January 23rd. The bank reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.10. The business had revenue of $112.92 million for the quarter, compared to analyst estimates of $115.00 million. Peoples Bancorp had a return on equity of 13.47% and a net margin of 21.52%. On average, analysts expect Peoples Bancorp to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Peoples Bancorp Stock Performance

PEBO opened at $27.55 on Tuesday. Peoples Bancorp has a 12-month low of $23.05 and a 12-month high of $34.85. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $977.75 million, a P/E ratio of 7.96 and a beta of 0.76. The stock’s 50 day moving average price is $28.26 and its two-hundred day moving average price is $29.21.

Peoples Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 20th. Shareholders of record on Monday, February 5th were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 5.66%. The ex-dividend date was Friday, February 2nd. Peoples Bancorp’s dividend payout ratio (DPR) is presently 45.09%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on PEBO shares. Piper Sandler assumed coverage on Peoples Bancorp in a research note on Friday, February 23rd. They set an “overweight” rating and a $34.00 price target on the stock. StockNews.com upgraded Peoples Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, March 13th. Finally, Hovde Group assumed coverage on shares of Peoples Bancorp in a report on Monday, April 1st. They set a “market perform” rating and a $31.00 price target for the company.

Hedge Funds Weigh In On Peoples Bancorp

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in Peoples Bancorp by 8.8% in the 4th quarter. Vanguard Group Inc. now owns 1,886,085 shares of the bank’s stock valued at $63,674,000 after acquiring an additional 152,659 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Peoples Bancorp by 9.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 76,494 shares of the bank’s stock worth $2,582,000 after purchasing an additional 6,828 shares during the last quarter. American International Group Inc. grew its stake in shares of Peoples Bancorp by 2.7% in the fourth quarter. American International Group Inc. now owns 17,358 shares of the bank’s stock valued at $586,000 after buying an additional 454 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Peoples Bancorp by 18.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 43,111 shares of the bank’s stock valued at $1,456,000 after purchasing an additional 6,858 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of Peoples Bancorp by 1.4% during the 4th quarter. Legal & General Group Plc now owns 30,835 shares of the bank’s stock worth $1,041,000 after acquiring an additional 438 shares during the period. 60.68% of the stock is currently owned by institutional investors and hedge funds.

Peoples Bancorp Company Profile

Peoples Bancorp Inc operates as the holding company for Peoples Bank that provides commercial and consumer 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.