Zacks: Brokerages Anticipate Peoples Bancorp Inc. (PEBO) Will Post Quarterly Sales of $40.81 Million
Equities analysts predict that Peoples Bancorp Inc. (NASDAQ:PEBO) will report $40.81 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Peoples Bancorp’s earnings, with estimates ranging from $40.15 million to $41.6 million. Peoples Bancorp reported sales of $38.68 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 5.5%. The company is expected to issue its next earnings report on Tuesday, July 25th.
According to Zacks, analysts expect that Peoples Bancorp will report full-year sales of $40.81 million for the current year, with estimates ranging from $163.04 million to $167.5 million. For the next financial year, analysts forecast that the company will report sales of $174.56 million per share, with estimates ranging from $172.3 million to $178.1 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Peoples Bancorp.
Peoples Bancorp (NASDAQ:PEBO) last announced its quarterly earnings data on Tuesday, April 25th. The bank reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. The firm had revenue of $40.28 million during the quarter, compared to the consensus estimate of $40.67 million. Peoples Bancorp had a return on equity of 7.15% and a net margin of 18.71%.
Several research firms have commented on PEBO. Keefe, Bruyette & Woods restated a “hold” rating and issued a $32.00 price target on shares of Peoples Bancorp in a research note on Wednesday, April 26th. DA Davidson began coverage on shares of Peoples Bancorp in a research note on Thursday, March 23rd. They issued a “neutral” rating and a $33.00 price target for the company. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Peoples Bancorp has a consensus rating of “Hold” and a consensus price target of $33.67.
Institutional investors have recently modified their holdings of the company. Russell Investments Group Ltd. purchased a new position in shares of Peoples Bancorp during the fourth quarter worth approximately $408,000. Renaissance Technologies LLC increased its position in shares of Peoples Bancorp by 16.4% in the fourth quarter. Renaissance Technologies LLC now owns 238,300 shares of the bank’s stock worth $7,735,000 after buying an additional 33,500 shares during the last quarter. Huntington National Bank increased its position in shares of Peoples Bancorp by 389.6% in the first quarter. Huntington National Bank now owns 35,439 shares of the bank’s stock worth $1,122,000 after buying an additional 28,200 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Peoples Bancorp by 4.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,215,773 shares of the bank’s stock worth $39,464,000 after buying an additional 53,501 shares during the last quarter. Finally, Bessemer Group Inc. increased its position in shares of Peoples Bancorp by 45.8% in the fourth quarter. Bessemer Group Inc. now owns 22,300 shares of the bank’s stock worth $724,000 after buying an additional 7,000 shares during the last quarter. Hedge funds and other institutional investors own 57.70% of the company’s stock.
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Peoples Bancorp (NASDAQ:PEBO) opened at 32.11 on Friday. The company has a market cap of $577.43 million, a P/E ratio of 18.35 and a beta of 0.75. The firm has a 50-day moving average price of $32.40 and a 200-day moving average price of $31.01. Peoples Bancorp has a 52 week low of $19.55 and a 52 week high of $35.43.
The company also recently announced a quarterly dividend, which will be paid on Friday, May 19th. Investors of record on Friday, May 5th will be paid a dividend of $0.20 per share. The ex-dividend date is Wednesday, May 3rd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.49%. Peoples Bancorp’s payout ratio is currently 46.51%.
About Peoples Bancorp
Peoples Bancorp Inc is a financial holding company. The Company operates principally through its subsidiary, Peoples Bank. Peoples Bank’s operating subsidiaries include Peoples Insurance Agency, LLC (Peoples Insurance) and two asset management companies, PBNA, LLC. and Peoples Tax Credit Equity, LLC.
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