Zacks: Analysts Anticipate Peoples Bancorp Inc. (PEBO) Will Announce Quarterly Sales of $41.96 Million
Wall Street brokerages forecast that Peoples Bancorp Inc. (NASDAQ:PEBO) will post sales of $41.96 million for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Peoples Bancorp’s earnings. The lowest sales estimate is $41.81 million and the highest is $42.10 million. Peoples Bancorp reported sales of $39.66 million during the same quarter last year, which indicates a positive year-over-year growth rate of 5.8%. The firm is scheduled to announce its next quarterly earnings results before the market opens on Tuesday, October 24th.
On average, analysts expect that Peoples Bancorp will report full year sales of $41.96 million for the current financial year, with estimates ranging from $166.08 million to $168.00 million. For the next financial year, analysts expect that the company will post sales of $175.61 million per share, with estimates ranging from $173.49 million to $177.80 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Peoples Bancorp.
Peoples Bancorp (NASDAQ:PEBO) last announced its quarterly earnings data on Tuesday, July 25th. The bank reported $0.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.07. The company had revenue of $41.68 million during the quarter, compared to analyst estimates of $40.81 million. Peoples Bancorp had a net margin of 19.67% and a return on equity of 7.63%.
Several research firms recently commented on PEBO. BidaskClub cut shares of Peoples Bancorp from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Boenning Scattergood reiterated a “hold” rating on shares of Peoples Bancorp in a research note on Wednesday, July 26th. Keefe, Bruyette & Woods reiterated a “neutral” rating on shares of Peoples Bancorp in a research note on Tuesday, July 25th. Finally, Zacks Investment Research cut shares of Peoples Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 27th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $35.00.
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In other Peoples Bancorp news, Director S Craig Beam sold 7,939 shares of the business’s stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $33.77, for a total value of $268,100.03. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders sold a total of 12,987 shares of company stock worth $436,142 in the last three months. Insiders own 3.04% of the company’s stock.
A number of institutional investors have recently made changes to their positions in PEBO. Park National Corp OH bought a new stake in Peoples Bancorp in the 2nd quarter valued at $203,000. Citigroup Inc. increased its holdings in Peoples Bancorp by 361.7% in the 2nd quarter. Citigroup Inc. now owns 6,694 shares of the bank’s stock valued at $215,000 after buying an additional 5,244 shares during the period. Goldman Sachs Group Inc. bought a new stake in Peoples Bancorp in the 1st quarter valued at $217,000. Highbridge Capital Management LLC bought a new stake in Peoples Bancorp in the 1st quarter valued at $232,000. Finally, AXA bought a new stake in Peoples Bancorp in the 1st quarter valued at $253,000. 62.56% of the stock is currently owned by hedge funds and other institutional investors.
Peoples Bancorp (NASDAQ:PEBO) opened at 33.80 on Friday. The firm’s 50-day moving average is $32.26 and its 200 day moving average is $32.07. Peoples Bancorp has a one year low of $24.16 and a one year high of $35.43. The firm has a market capitalization of $608.94 million, a price-to-earnings ratio of 18.27 and a beta of 0.78.
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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