Wall Street brokerages expect Peoples Bancorp Inc. (NASDAQ:PEBO) to report earnings per share (EPS) of $0.66 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Peoples Bancorp’s earnings. The lowest EPS estimate is $0.66 and the highest is $0.67. Peoples Bancorp posted earnings of $0.57 per share in the same quarter last year, which suggests a positive year over year growth rate of 15.8%. The business is scheduled to issue its next quarterly earnings report on Tuesday, January 22nd.
On average, analysts expect that Peoples Bancorp will report full-year earnings of $2.64 per share for the current fiscal year, with EPS estimates ranging from $2.58 to $2.68. For the next financial year, analysts forecast that the firm will post earnings of $2.89 per share, with EPS estimates ranging from $2.89 to $2.90. Zacks’ earnings per share calculations are an average based on a survey of research firms that follow Peoples Bancorp.
Peoples Bancorp (NASDAQ:PEBO) last released its quarterly earnings data on Tuesday, October 23rd. The bank reported $0.69 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.03. The business had revenue of $47.68 million during the quarter, compared to analysts’ expectations of $47.46 million. Peoples Bancorp had a return on equity of 9.80% and a net margin of 20.72%.
PEBO has been the subject of several analyst reports. BidaskClub raised Peoples Bancorp from a “hold” rating to a “buy” rating in a research report on Wednesday, October 31st. Zacks Investment Research raised Peoples Bancorp from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a research report on Friday, October 26th. Boenning Scattergood reaffirmed a “hold” rating on shares of Peoples Bancorp in a research report on Wednesday, July 25th. Hovde Group set a $40.00 price objective on Peoples Bancorp and gave the stock a “hold” rating in a research report on Wednesday, July 25th. Finally, ValuEngine raised Peoples Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, October 9th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $38.00.
Shares of NASDAQ:PEBO traded down $0.46 on Monday, hitting $34.54. 34,468 shares of the company’s stock were exchanged, compared to its average volume of 45,762. The stock has a market cap of $681.79 million, a P/E ratio of 15.15, a P/E/G ratio of 1.66 and a beta of 0.62. Peoples Bancorp has a 1-year low of $30.84 and a 1-year high of $39.58. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.82 and a current ratio of 0.82.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 19th. Stockholders of record on Monday, November 5th will be given a dividend of $0.30 per share. This is a boost from Peoples Bancorp’s previous quarterly dividend of $0.28. This represents a $1.20 annualized dividend and a dividend yield of 3.47%. The ex-dividend date of this dividend is Friday, November 2nd. Peoples Bancorp’s dividend payout ratio is currently 52.63%.
In related news, Director George W. Broughton sold 4,366 shares of the company’s 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.03% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. UBS Group AG boosted its position in shares of Peoples Bancorp by 26.8% in the 1st quarter. UBS Group AG now owns 6,908 shares of the bank’s stock valued at $245,000 after purchasing an additional 1,460 shares during the period. Rhumbline Advisers raised its stake in Peoples Bancorp by 9.3% in the 2nd quarter. Rhumbline Advisers now owns 17,467 shares of the bank’s stock worth $660,000 after purchasing an additional 1,490 shares in the last quarter. Globeflex Capital L P raised its stake in Peoples Bancorp by 12.0% in the 2nd quarter. Globeflex Capital L P now owns 14,900 shares of the bank’s stock worth $563,000 after purchasing an additional 1,600 shares in the last quarter. Martingale Asset Management L P raised its stake in Peoples Bancorp by 1.5% in the 2nd quarter. Martingale Asset Management L P now owns 105,767 shares of the bank’s stock worth $3,996,000 after purchasing an additional 1,603 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Peoples Bancorp by 1.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 118,476 shares of the bank’s stock valued at $4,476,000 after buying an additional 1,741 shares in the last quarter. 61.57% of the stock is owned by hedge funds and other institutional investors.
About Peoples Bancorp
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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