Equities analysts predict that Peoples Bancorp Inc. (NASDAQ:PEBO) will post sales of $47.74 million for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Peoples Bancorp’s earnings, with the highest sales estimate coming in at $48.21 million and the lowest estimate coming in at $47.30 million. Peoples Bancorp reported sales of $42.24 million during the same quarter last year, which indicates a positive year-over-year growth rate of 13%. The company is expected to report its next earnings results on Tuesday, January 22nd.
According to Zacks, analysts expect that Peoples Bancorp will report full-year sales of $186.02 million for the current year, with estimates ranging from $185.70 million to $186.27 million. For the next fiscal year, analysts forecast that the company will post sales of $210.03 million, with estimates ranging from $207.80 million to $214.30 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Peoples Bancorp.
Peoples Bancorp (NASDAQ:PEBO) last announced its quarterly earnings results on Tuesday, October 23rd. The bank reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.03. Peoples Bancorp had a net margin of 20.72% and a return on equity of 9.64%. The company had revenue of $47.68 million for the quarter, compared to analyst estimates of $47.46 million.
Several research firms have weighed in on PEBO. Zacks Investment Research upgraded shares of Peoples Bancorp from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a report on Friday, October 26th. Boenning Scattergood restated a “hold” rating on shares of Peoples Bancorp in a research report on Wednesday, October 31st. BidaskClub lowered shares of Peoples Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, ValuEngine upgraded shares of Peoples Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, October 9th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $38.00.
In other news, Director George W. Broughton sold 4,366 shares of Peoples Bancorp stock in a transaction dated Friday, November 2nd. The stock was sold at an average price of $34.07, for a total value of $148,749.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.03% of the stock is owned by insiders.
Institutional investors have recently added to or reduced their stakes in the business. UBS Group AG grew its stake in shares of Peoples Bancorp by 26.8% during the 1st quarter. UBS Group AG now owns 6,908 shares of the bank’s stock valued at $245,000 after acquiring an additional 1,460 shares during the period. Rhumbline Advisers raised its holdings in Peoples Bancorp by 9.3% during the 2nd quarter. Rhumbline Advisers now owns 17,467 shares of the bank’s stock valued at $660,000 after buying an additional 1,490 shares during the period. Globeflex Capital L P raised its holdings in Peoples Bancorp by 12.0% during the 2nd quarter. Globeflex Capital L P now owns 14,900 shares of the bank’s stock valued at $563,000 after buying an additional 1,600 shares during the period. Martingale Asset Management L P raised its holdings in Peoples Bancorp by 1.5% during the 2nd quarter. Martingale Asset Management L P now owns 105,767 shares of the bank’s stock valued at $3,996,000 after buying an additional 1,603 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Peoples Bancorp by 1.5% in the second quarter. Bank of New York Mellon Corp now owns 118,476 shares of the bank’s stock worth $4,476,000 after purchasing an additional 1,741 shares during the period. Institutional investors and hedge funds own 62.09% of the company’s stock.
Peoples Bancorp stock opened at $34.71 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.82 and a current ratio of 0.82. Peoples Bancorp has a 12-month low of $32.28 and a 12-month high of $39.58. The firm has a market cap of $674.17 million, a P/E ratio of 15.22, a P/E/G ratio of 1.64 and a beta of 0.62.
The firm also recently announced a quarterly dividend, which was paid on Monday, November 19th. Stockholders of record on Monday, November 5th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date of this dividend was Friday, November 2nd. This is a boost from Peoples Bancorp’s previous quarterly dividend of $0.28. Peoples Bancorp’s payout ratio is 52.63%.
Peoples Bancorp Company Profile
Peoples Bancorp Inc operates as the holding company for Peoples Bank that provides commercial and retail banking products and services. The company accepts various deposit products, including demand deposit accounts, savings accounts, money market accounts, and certificates of deposit; and provides commercial real estate construction loans, other commercial real estate loans, commercial and industrial loans, residential real estate loans, home equity lines of credit, and indirect and other consumer loans.
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