Analysts forecast that Peoples Bancorp Inc. (NASDAQ:PEBO) will post earnings per share (EPS) of $0.46 for the current quarter, Zacks reports. Three analysts have made estimates for Peoples Bancorp’s earnings. The lowest EPS estimate is $0.44 and the highest is $0.49. Peoples Bancorp posted earnings per share of $0.44 during the same quarter last year, which would indicate a positive year over year growth rate of 4.5%. The company is scheduled to announce its next quarterly earnings report before the market opens on Tuesday, July 25th.
On average, analysts expect that Peoples Bancorp will report full-year earnings of $1.93 per share for the current financial year, with EPS estimates ranging from $1.89 to $2.01. For the next financial year, analysts forecast that the business will report earnings of $2.06 per share, with EPS estimates ranging from $1.98 to $2.18. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Peoples Bancorp.
Peoples Bancorp (NASDAQ:PEBO) last posted its quarterly earnings data on Tuesday, April 25th. The bank reported $0.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.02. The business had revenue of $40.28 million for the quarter, compared to analysts’ expectations of $40.67 million. Peoples Bancorp had a return on equity of 7.28% and a net margin of 19.01%.
A number of research firms have recently issued reports on PEBO. Zacks Investment Research downgraded shares of Peoples Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, June 28th. ValuEngine raised shares of Peoples Bancorp from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $31.00 price target on shares of Peoples Bancorp in a report on Monday, April 10th. Finally, DA Davidson assumed coverage on shares of Peoples Bancorp in a report on Thursday, March 23rd. They set a “neutral” rating and a $33.00 target price for the company. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $33.67.
Shares of Peoples Bancorp (PEBO) opened at 33.12 on Wednesday. Peoples Bancorp has a 52-week low of $19.55 and a 52-week high of $35.43. The firm’s 50-day moving average price is $31.87 and its 200 day moving average price is $32.06. The company has a market capitalization of $595.60 million, a PE ratio of 18.93 and a beta of 0.76.
In related news, Director Terry Thomas Sweet purchased 1,000 shares of Peoples Bancorp stock in a transaction dated Tuesday, June 6th. The shares were acquired at an average cost of $31.18 per share, with a total value of $31,180.00. Following the purchase, the director now owns 2,427 shares of the company’s stock, valued at $75,673.86. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 3.04% of the stock is currently owned by insiders.
A number of large investors have recently made changes to their positions in PEBO. First Trust Advisors LP boosted its position in Peoples Bancorp by 59.2% in the first quarter. First Trust Advisors LP now owns 81,347 shares of the bank’s stock valued at $2,575,000 after buying an additional 30,243 shares during the period. LSV Asset Management boosted its position in shares of Peoples Bancorp by 28.6% in the first quarter. LSV Asset Management now owns 375,848 shares of the bank’s stock valued at $11,899,000 after buying an additional 83,631 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of Peoples Bancorp by 6.6% in the first quarter. Russell Investments Group Ltd. now owns 13,378 shares of the bank’s stock valued at $423,000 after buying an additional 834 shares during the last quarter. Nationwide Fund Advisors boosted its position in shares of Peoples Bancorp by 50.1% in the first quarter. Nationwide Fund Advisors now owns 58,867 shares of the bank’s stock valued at $1,864,000 after buying an additional 19,656 shares during the last quarter. Finally, Huntington National Bank boosted its position in shares of Peoples Bancorp by 389.6% in the first quarter. Huntington National Bank now owns 35,439 shares of the bank’s stock valued at $1,122,000 after buying an additional 28,200 shares during the last quarter. 62.22% of the stock is currently 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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