Zacks: Analysts Anticipate Peoples Bancorp Inc. (PEBO) Will Announce Quarterly Sales of $41.90 Million
Brokerages expect Peoples Bancorp Inc. (NASDAQ:PEBO) to announce sales of $41.90 million for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Peoples Bancorp’s earnings, with the lowest sales estimate coming in at $41.60 million and the highest estimate coming in at $42.20 million. Peoples Bancorp posted sales of $38.78 million in the same quarter last year, which would indicate a positive year over year growth rate of 8%. The company is scheduled to report its next quarterly earnings report on Friday, January 26th.
According to Zacks, analysts expect that Peoples Bancorp will report full-year sales of $41.90 million for the current financial year, with estimates ranging from $166.80 million to $169.60 million. For the next fiscal year, analysts expect that the business will report sales of $186.43 million per share, with estimates ranging from $182.20 million to $188.60 million. Zacks’ sales averages are an average based on a survey of research firms that cover Peoples Bancorp.
Peoples Bancorp (NASDAQ:PEBO) last announced its quarterly earnings results on Tuesday, October 24th. The bank reported $0.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.09. Peoples Bancorp had a net margin of 21.10% and a return on equity of 7.99%. The firm had revenue of $41.83 million during the quarter, compared to the consensus estimate of $41.96 million.
In other news, Director S Craig Beam sold 7,939 shares of the firm’s stock in a transaction on 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 legal filing with the SEC, which is available at the SEC website. In the last 90 days, insiders have sold 12,895 shares of company stock worth $433,159. Corporate insiders own 3.04% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Foundry Partners LLC raised its position in shares of Peoples Bancorp by 5.6% during the 3rd quarter. Foundry Partners LLC now owns 227,360 shares of the bank’s stock valued at $7,637,000 after buying an additional 11,975 shares in the last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of Peoples Bancorp during the 1st quarter valued at $217,000. Schwab Charles Investment Management Inc. raised its position in shares of Peoples Bancorp by 46.8% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 41,100 shares of the bank’s stock valued at $1,302,000 after buying an additional 13,100 shares in the last quarter. Prudential Financial Inc. raised its position in shares of Peoples Bancorp by 23.6% during the 2nd quarter. Prudential Financial Inc. now owns 16,934 shares of the bank’s stock valued at $544,000 after buying an additional 3,230 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Peoples Bancorp by 14.6% during the 1st quarter. Renaissance Technologies LLC now owns 273,000 shares of the bank’s stock valued at $8,643,000 after buying an additional 34,700 shares in the last quarter. Hedge funds and other institutional investors own 62.81% of the company’s stock.
Peoples Bancorp (PEBO) opened at $32.98 on Tuesday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.43. Peoples Bancorp has a fifty-two week low of $27.70 and a fifty-two week high of $35.43. The company has a market cap of $598.34, a price-to-earnings ratio of 16.78, a price-to-earnings-growth ratio of 1.94 and a beta of 0.73.
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 17th. Stockholders of record on Friday, November 3rd were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.67%. The ex-dividend date was Thursday, November 2nd. Peoples Bancorp’s dividend payout ratio (DPR) is currently 43.56%.
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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