Peoples Bancorp Inc. (PEBO) Expected to Announce Earnings of $0.69 Per Share

Equities analysts expect Peoples Bancorp Inc. (NASDAQ:PEBO) to report earnings of $0.69 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Peoples Bancorp’s earnings, with the highest EPS estimate coming in at $0.71 and the lowest estimate coming in at $0.65. Peoples Bancorp reported earnings of $0.56 per share in the same quarter last year, which would indicate a positive year over year growth rate of 23.2%. The company is expected to report its next earnings results on Tuesday, April 23rd.

According to Zacks, analysts expect that Peoples Bancorp will report full-year earnings of $2.84 per share for the current financial year, with EPS estimates ranging from $2.74 to $2.90. For the next year, analysts forecast that the company will report earnings of $3.10 per share, with EPS estimates ranging from $3.01 to $3.17. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Peoples Bancorp.

Peoples Bancorp (NASDAQ:PEBO) last released its quarterly earnings data on Tuesday, January 22nd. The bank reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.03. The firm had revenue of $48.30 million for the quarter, compared to analyst estimates of $47.74 million. Peoples Bancorp had a net margin of 22.18% and a return on equity of 10.11%.

Several research firms recently weighed in on PEBO. Zacks Investment Research lowered shares of Peoples Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday. BidaskClub upgraded shares of Peoples Bancorp from a “hold” rating to a “buy” rating in a research note on Wednesday, October 31st. Boenning Scattergood restated a “hold” rating on shares of Peoples Bancorp in a research note on Tuesday, October 23rd. Finally, ValuEngine lowered shares of Peoples Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, December 5th. Three analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. The stock has a consensus rating of “Sell” and a consensus price target of $38.50.

PEBO traded up $0.22 on Wednesday, hitting $33.01. 37,500 shares of the company’s stock were exchanged, compared to its average volume of 35,163. The firm has a market cap of $629.43 million, a price-to-earnings ratio of 12.50, a price-to-earnings-growth ratio of 1.42 and a beta of 0.79. Peoples Bancorp has a twelve month low of $28.35 and a twelve month high of $39.58. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.22.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 19th. Shareholders of record on Monday, February 4th will be paid a $0.30 dividend. The ex-dividend date is Friday, February 1st. This represents a $1.20 annualized dividend and a dividend yield of 3.64%. Peoples Bancorp’s payout ratio is currently 45.45%.

In other Peoples Bancorp news, Director George W. Broughton sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, January 28th. The shares were sold at an average price of $32.33, for a total value of $32,330.00. Following the sale, the director now owns 149,756 shares in the company, valued at $4,841,611.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director George W. Broughton sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, January 25th. The shares were sold at an average price of $32.65, for a total transaction of $65,300.00. Following the completion of the sale, the director now owns 150,756 shares in the company, valued at approximately $4,922,183.40. The disclosure for this sale can be found here. 3.03% of the stock is currently owned by company insiders.

Several large investors have recently made changes to their positions in PEBO. Elizabeth Park Capital Advisors Ltd. increased its stake in shares of Peoples Bancorp by 93.5% in the third quarter. Elizabeth Park Capital Advisors Ltd. now owns 227,510 shares of the bank’s stock valued at $7,970,000 after purchasing an additional 109,915 shares during the period. BlackRock Inc. boosted its holdings in shares of Peoples Bancorp by 8.1% in the second quarter. BlackRock Inc. now owns 1,411,624 shares of the bank’s stock valued at $53,334,000 after acquiring an additional 106,316 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Peoples Bancorp by 4.0% in the third quarter. Dimensional Fund Advisors LP now owns 1,550,011 shares of the bank’s stock valued at $54,297,000 after acquiring an additional 60,250 shares in the last quarter. Peoples Bank OH boosted its holdings in shares of Peoples Bancorp by 4.7% in the third quarter. Peoples Bank OH now owns 1,159,026 shares of the bank’s stock valued at $40,601,000 after acquiring an additional 51,516 shares in the last quarter. Finally, FMR LLC boosted its holdings in shares of Peoples Bancorp by 241.3% in the second quarter. FMR LLC now owns 62,866 shares of the bank’s stock valued at $2,375,000 after acquiring an additional 44,446 shares in the last quarter. Institutional investors own 61.12% of the company’s stock.

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, and certificates of deposit; and provides commercial real estate construction loans, other commercial real estate loans, commercial and industrial loans, residential real estate loans, home equity lines of credit, and indirect and other consumer loans.

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

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