Wall Street brokerages forecast that Peoples Bancorp Inc. (NASDAQ:PEBO) will post $41.90 million in sales for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Peoples Bancorp’s earnings. The lowest sales estimate is $41.60 million and the highest is $42.20 million. Peoples Bancorp posted sales of $38.78 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 8%. The firm is scheduled to report its next quarterly earnings results on Friday, January 26th.

According to Zacks, analysts expect that Peoples Bancorp will report full-year sales of $41.90 million for the current year, with estimates ranging from $166.80 million to $169.60 million. For the next financial year, analysts forecast that the firm will post sales of $186.43 million per share, with estimates ranging from $182.20 million to $188.60 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Peoples Bancorp.

Peoples Bancorp (NASDAQ:PEBO) last posted its quarterly earnings data on Tuesday, October 24th. The bank reported $0.60 earnings per share for the quarter, topping 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 business had revenue of $41.83 million during the quarter, compared to analysts’ expectations of $41.96 million.

A number of research firms have recently commented on PEBO. Zacks Investment Research cut shares of Peoples Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, October 28th. Boenning Scattergood reissued a “hold” rating on shares of Peoples Bancorp in a report on Wednesday, October 25th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $34.00 target price on shares of Peoples Bancorp in a report on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $35.00.

Shares of Peoples Bancorp (NASDAQ:PEBO) opened at $32.95 on Friday. Peoples Bancorp has a 52-week low of $29.55 and a 52-week high of $35.43. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a market cap of $609.31, a PE ratio of 17.09, a P/E/G ratio of 1.97 and a beta of 0.72.

The business also recently announced a quarterly dividend, which was paid on Friday, November 17th. Stockholders of record on Friday, November 3rd were issued a $0.22 dividend. The ex-dividend date of this dividend was Thursday, November 2nd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.67%. Peoples Bancorp’s dividend payout ratio (DPR) is currently 43.56%.

In other news, Director S Craig Beam sold 975 shares of the stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $34.00, for a total value of $33,150.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 12,895 shares of company stock valued at $433,159 in the last three months. Company insiders own 3.04% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Context BH Capital Management LP raised its holdings in Peoples Bancorp by 1.6% in the 2nd quarter. Context BH Capital Management LP now owns 37,404 shares of the bank’s stock valued at $1,202,000 after buying an additional 600 shares during the last quarter. Thrivent Financial For Lutherans raised its holdings in Peoples Bancorp by 2.7% in the 2nd quarter. Thrivent Financial For Lutherans now owns 23,050 shares of the bank’s stock valued at $741,000 after buying an additional 600 shares during the last quarter. Voya Investment Management LLC raised its holdings in Peoples Bancorp by 8.4% in the 2nd quarter. Voya Investment Management LLC now owns 12,654 shares of the bank’s stock valued at $407,000 after buying an additional 983 shares during the last quarter. Sii Investments Inc. WI raised its holdings in Peoples Bancorp by 6.2% in the 2nd quarter. Sii Investments Inc. WI now owns 19,980 shares of the bank’s stock valued at $637,000 after buying an additional 1,170 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in Peoples Bancorp by 4.8% in the 2nd quarter. Victory Capital Management Inc. now owns 33,659 shares of the bank’s stock valued at $1,081,000 after buying an additional 1,535 shares during the last quarter. 63.50% of the stock is owned by hedge funds and other institutional investors.

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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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Earnings History and Estimates for Peoples Bancorp (NASDAQ:PEBO)

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