Peoples Bancorp Inc. (PEBO) Expected to Announce Earnings of $0.51 Per Share
Equities analysts expect Peoples Bancorp Inc. (NASDAQ:PEBO) to post earnings of $0.51 per share for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Peoples Bancorp’s earnings. The highest EPS estimate is $0.52 and the lowest is $0.51. Peoples Bancorp posted earnings per share of $0.43 in the same quarter last year, which would suggest a positive year-over-year growth rate of 18.6%. The firm is scheduled to issue its next quarterly earnings report on Tuesday, October 24th.
On average, analysts expect that Peoples Bancorp will report full year earnings of $2.04 per share for the current fiscal year, with EPS estimates ranging from $2.03 to $2.05. For the next year, analysts expect that the company will post earnings of $2.14 per share, with EPS estimates ranging from $2.10 to $2.18. Zacks’ EPS averages are an average based on a survey of sell-side research firms that cover Peoples Bancorp.
Peoples Bancorp (NASDAQ:PEBO) last released its quarterly earnings data on Tuesday, July 25th. The bank reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.07. Peoples Bancorp had a return on equity of 7.63% and a net margin of 19.67%. The business had revenue of $41.68 million during the quarter, compared to analysts’ expectations of $40.81 million.
A number of analysts recently issued reports on the company. Keefe, Bruyette & Woods reiterated a “neutral” rating on shares of Peoples Bancorp in a report on Tuesday, July 25th. ValuEngine upgraded Peoples Bancorp from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Zacks Investment Research upgraded Peoples Bancorp from a “hold” rating to a “strong-buy” rating and set a $38.00 price target for the company in a report on Friday, July 28th. BidaskClub lowered Peoples Bancorp from a “hold” rating to a “sell” rating in a report on Sunday, July 16th. Finally, Boenning Scattergood reiterated a “hold” rating on shares of Peoples Bancorp in a report on Wednesday, July 26th. One analyst has rated the stock with a sell rating, four have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $34.33.
In related news, Director Terry Thomas Sweet bought 1,000 shares of the stock in a transaction on Tuesday, June 6th. The stock was bought at an average price of $31.18 per share, for a total transaction of $31,180.00. Following the completion of the acquisition, the director now directly owns 2,427 shares in the company, valued at $75,673.86. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.04% of the stock is owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of the company. Park National Corp OH bought a new stake in Peoples Bancorp during the second quarter worth $203,000. Citigroup Inc. raised its stake in Peoples Bancorp by 361.7% in the second quarter. Citigroup Inc. now owns 6,694 shares of the bank’s stock worth $215,000 after buying an additional 5,244 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in Peoples Bancorp during the first quarter worth $217,000. Highbridge Capital Management LLC bought a new stake in Peoples Bancorp during the first quarter worth $232,000. Finally, AXA bought a new stake in Peoples Bancorp during the first quarter worth $253,000. Institutional investors own 60.94% of the company’s stock.
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Shares of Peoples Bancorp (PEBO) traded up 0.4893% on Wednesday, hitting $31.0914. The stock had a trading volume of 10,469 shares. The company has a 50-day moving average of $32.01 and a 200-day moving average of $32.10. The company has a market cap of $560.14 million, a P/E ratio of 16.8062 and a beta of 0.76. Peoples Bancorp has a 52-week low of $22.66 and a 52-week high of $35.43.
The business also recently announced a quarterly dividend, which will be paid on Friday, August 18th. Shareholders of record on Friday, August 4th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Wednesday, August 2nd. This represents a $0.88 dividend on an annualized basis and a yield of 2.84%. This is a positive change from Peoples Bancorp’s previous quarterly dividend of $0.20. Peoples Bancorp’s dividend payout ratio is currently 47.57%.
Peoples Bancorp Company Profile
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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