Peoples Bancorp Inc. (PEBO) Releases Earnings Results, Beats Estimates By $0.09 EPS
Peoples Bancorp Inc. (NASDAQ:PEBO) posted its quarterly earnings data on Tuesday. The bank reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.09, Bloomberg Earnings reports. Peoples Bancorp had a net margin of 19.67% and a return on equity of 7.63%.
Shares of Peoples Bancorp (PEBO) opened at 33.91 on Wednesday. The company has a 50-day moving average of $32.84 and a 200-day moving average of $32.21. Peoples Bancorp has a 12-month low of $24.16 and a 12-month high of $35.43. The stock has a market capitalization of $610.92 million, a P/E ratio of 18.33 and a beta of 0.78.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 17th. Stockholders of record on Friday, November 3rd will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date is Thursday, November 2nd. Peoples Bancorp’s dividend payout ratio is presently 47.57%.
In other Peoples Bancorp news, Director S Craig Beam sold 7,939 shares of the company’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $33.77, for a total transaction of $268,100.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 12,987 shares of company stock valued at $436,142 over the last ninety days. Insiders own 3.04% of the company’s stock.
PEBO has been the subject of a number of analyst reports. BidaskClub lowered shares of Peoples Bancorp from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $34.00 price objective on shares of Peoples Bancorp in a research report on Tuesday, October 3rd. Zacks Investment Research lowered shares of Peoples Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 27th. Finally, Boenning Scattergood reissued a “hold” rating on shares of Peoples Bancorp in a research report on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $35.00.
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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