Zacks: Brokerages Anticipate Peoples Bancorp Inc. (PEBO) Will Announce Quarterly Sales of $42.87 Million

Equities research analysts predict that Peoples Bancorp Inc. (NASDAQ:PEBO) will report sales of $42.87 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Peoples Bancorp’s earnings. The highest sales estimate is $43.61 million and the lowest is $42.30 million. Peoples Bancorp reported sales of $40.28 million during the same quarter last year, which would suggest a positive year over year growth rate of 6.4%. The firm is scheduled to announce its next earnings report on Tuesday, April 24th.

According to Zacks, analysts expect that Peoples Bancorp will report full-year sales of $42.87 million for the current year, with estimates ranging from $181.60 million to $187.84 million. For the next year, analysts anticipate that the business will report sales of $198.32 million per share, with estimates ranging from $193.40 million to $201.25 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Peoples Bancorp.

Several research firms recently weighed in on PEBO. BidaskClub upgraded Peoples Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th. Boenning Scattergood restated a “hold” rating on shares of Peoples Bancorp in a research note on Wednesday, January 10th. Zacks Investment Research raised Peoples Bancorp from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research report on Wednesday, January 10th. ValuEngine raised Peoples Bancorp from a “hold” rating to a “buy” rating in a research report on Saturday, February 3rd. Finally, Sandler O’Neill reaffirmed a “hold” rating and issued a $37.00 price objective on shares of Peoples Bancorp in a research report on Tuesday, January 23rd. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Peoples Bancorp has an average rating of “Hold” and an average target price of $35.25.

In other Peoples Bancorp news, Director Terry Thomas Sweet acquired 2,000 shares of the stock in a transaction that occurred on Monday, December 4th. The shares were acquired at an average cost of $33.97 per share, with a total value of $67,940.00. Following the transaction, the director now owns 4,767 shares of the company’s stock, valued at approximately $161,934.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.04% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in PEBO. SG Americas Securities LLC bought a new position in Peoples Bancorp in the 3rd quarter worth $103,000. Citigroup Inc. increased its stake in Peoples Bancorp by 361.7% in the 2nd quarter. Citigroup Inc. now owns 6,694 shares of the bank’s stock worth $215,000 after buying an additional 5,244 shares in the last quarter. Wedge Capital Management L L P NC purchased a new stake in Peoples Bancorp in the 3rd quarter worth $252,000. Virginia Retirement Systems ET AL purchased a new stake in Peoples Bancorp in the 3rd quarter worth $272,000. Finally, Goldman Sachs Group Inc. increased its stake in Peoples Bancorp by 36.5% in the 2nd quarter. Goldman Sachs Group Inc. now owns 9,344 shares of the bank’s stock worth $300,000 after buying an additional 2,499 shares in the last quarter. 61.68% of the stock is currently owned by institutional investors and hedge funds.

Shares of Peoples Bancorp (PEBO) opened at $34.88 on Thursday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a market capitalization of $625.98, a P/E ratio of 16.22, a P/E/G ratio of 1.93 and a beta of 0.75. Peoples Bancorp has a 52 week low of $29.55 and a 52 week high of $36.40.

The firm also recently disclosed 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 is Friday, February 2nd. This is a boost from Peoples Bancorp’s previous quarterly dividend of $0.22. This represents a $1.04 annualized dividend and a yield of 2.98%. Peoples Bancorp’s dividend payout ratio is 49.52%.

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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. Peoples Investment Company has one subsidiary, Peoples Capital Corporation.

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

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