FY2025 EPS Forecast for Peoples Bancorp Decreased by Analyst

Peoples Bancorp Inc. (NASDAQ:PEBO) – DA Davidson cut their FY2025 earnings estimates for shares of Peoples Bancorp in a research note issued on Thursday, April 24th. DA Davidson analyst M. Navas now expects that the bank will post earnings of $3.25 per share for the year, down from their previous forecast of $3.35. DA Davidson currently has a “Buy” rating and a $35.00 target price on the stock. The consensus estimate for Peoples Bancorp’s current full-year earnings is $3.28 per share.

A number of other analysts have also recently commented on the company. Stephens cut their price objective on Peoples Bancorp from $37.50 to $33.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 23rd. Piper Sandler boosted their price target on shares of Peoples Bancorp from $39.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd.

Peoples Bancorp Price Performance

Shares of Peoples Bancorp stock opened at $29.46 on Monday. The firm has a market cap of $1.05 billion, a PE ratio of 8.90 and a beta of 0.63. Peoples Bancorp has a twelve month low of $26.21 and a twelve month high of $37.07. 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 business has a 50-day moving average price of $29.30 and a 200 day moving average price of $31.65.

Peoples Bancorp (NASDAQ:PEBO) last released its quarterly earnings data on Tuesday, April 22nd. The bank reported $0.69 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.04). Peoples Bancorp had a net margin of 18.90% and a return on equity of 11.07%. The firm had revenue of $113.00 million during the quarter, compared to analysts’ expectations of $112.76 million. During the same period in the previous year, the firm posted $0.85 EPS.

Hedge Funds Weigh In On Peoples Bancorp

A number of institutional investors have recently added to or reduced their stakes in PEBO. Shoker Investment Counsel Inc. grew its holdings in Peoples Bancorp by 1.0% in the 4th quarter. Shoker Investment Counsel Inc. now owns 31,467 shares of the bank’s stock valued at $997,000 after buying an additional 316 shares in the last quarter. D.A. Davidson & CO. boosted its position in shares of Peoples Bancorp by 1.6% during the 1st quarter. D.A. Davidson & CO. now owns 24,400 shares of the bank’s stock valued at $724,000 after acquiring an additional 391 shares during the last quarter. Arizona State Retirement System boosted its position in shares of Peoples Bancorp by 6.1% during the 4th quarter. Arizona State Retirement System now owns 10,304 shares of the bank’s stock valued at $327,000 after acquiring an additional 595 shares during the last quarter. US Bancorp DE grew its holdings in shares of Peoples Bancorp by 172.8% in the fourth quarter. US Bancorp DE now owns 1,094 shares of the bank’s stock valued at $35,000 after purchasing an additional 693 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Peoples Bancorp by 3.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,682 shares of the bank’s stock worth $624,000 after purchasing an additional 703 shares during the period. Hedge funds and other institutional investors own 60.68% of the company’s stock.

Insider Transactions at Peoples Bancorp

In other news, Director Carol A. Schneeberger sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $30.20, for a total transaction of $30,200.00. Following the transaction, the director now directly owns 25,686 shares in the company, valued at $775,717.20. The trade was a 3.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 3.41% of the company’s stock.

Peoples Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 19th. Shareholders of record on Monday, May 5th will be issued a $0.41 dividend. The ex-dividend date of this dividend is Monday, May 5th. This represents a $1.64 dividend on an annualized basis and a yield of 5.57%. This is a positive change from Peoples Bancorp’s previous quarterly dividend of $0.40. Peoples Bancorp’s dividend payout ratio (DPR) is presently 52.06%.

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.