Equities research analysts predict that Peoples Bancorp Inc. (NASDAQ:PEBO) will post earnings of $0.60 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Peoples Bancorp’s earnings. The highest EPS estimate is $0.63 and the lowest is $0.56. Peoples Bancorp reported earnings per share of $0.48 in the same quarter last year, which would suggest a positive year-over-year growth rate of 25%. The business is expected to announce its next earnings results on Tuesday, April 24th.
On average, analysts expect that Peoples Bancorp will report full year earnings of $2.22 per share for the current financial year, with EPS estimates ranging from $2.18 to $2.25. For the next financial year, analysts anticipate that the company will report earnings of $2.82 per share, with EPS estimates ranging from $2.82 to $2.83. Zacks’ EPS calculations are an average based on a survey of analysts that follow Peoples Bancorp.
A number of brokerages recently issued reports on PEBO. BidaskClub upgraded Peoples Bancorp from a “sell” rating to a “hold” rating in a research report on Monday, January 29th. ValuEngine upgraded Peoples Bancorp from a “hold” rating to a “buy” rating in a research report on Saturday, February 3rd. Boenning Scattergood restated a “hold” rating on shares of Peoples Bancorp in a research report on Wednesday, January 24th. Sandler O’Neill restated a “hold” rating and issued a $37.00 price target on shares of Peoples Bancorp in a research report on Tuesday, January 23rd. Finally, Zacks Investment Research upgraded Peoples Bancorp from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a research report on Friday, October 27th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $35.25.
A number of hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its stake in Peoples Bancorp by 2.1% in the third quarter. Dimensional Fund Advisors LP now owns 1,323,779 shares of the bank’s stock worth $44,466,000 after purchasing an additional 27,733 shares during the period. BlackRock Inc. increased its stake in Peoples Bancorp by 6.4% in the fourth quarter. BlackRock Inc. now owns 1,291,788 shares of the bank’s stock worth $42,137,000 after purchasing an additional 77,563 shares during the period. Vanguard Group Inc. increased its stake in Peoples Bancorp by 8.5% in the second quarter. Vanguard Group Inc. now owns 739,754 shares of the bank’s stock worth $23,768,000 after purchasing an additional 58,021 shares during the period. Banc Funds Co. LLC increased its stake in Peoples Bancorp by 3.9% in the fourth quarter. Banc Funds Co. LLC now owns 568,141 shares of the bank’s stock worth $18,533,000 after purchasing an additional 21,259 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in Peoples Bancorp by 2.8% in the second quarter. The Manufacturers Life Insurance Company now owns 453,425 shares of the bank’s stock worth $14,568,000 after purchasing an additional 12,302 shares during the period. Institutional investors and hedge funds own 61.68% of the company’s stock.
Shares of Peoples Bancorp (NASDAQ:PEBO) traded down $0.02 on Tuesday, reaching $34.21. The company had a trading volume of 24,843 shares, compared to its average volume of 39,861. The company has a market capitalization of $620.13, a P/E ratio of 16.29, a PEG ratio of 1.91 and a beta of 0.75. Peoples Bancorp has a 12 month low of $29.55 and a 12 month high of $36.40. 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 business also recently declared a quarterly dividend, which will be paid on Tuesday, February 20th. Investors of record on Monday, February 5th will be given a $0.26 dividend. The ex-dividend date of this dividend is Friday, February 2nd. This is an increase from Peoples Bancorp’s previous quarterly dividend of $0.22. This represents a $1.04 dividend on an annualized basis and a yield of 3.04%. Peoples Bancorp’s dividend payout ratio (DPR) is currently 49.52%.
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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. Peoples Investment Company has one subsidiary, Peoples Capital Corporation.
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