Wall Street analysts expect Peoples Bancorp Inc. (NASDAQ:PEBO) to announce $0.67 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Peoples Bancorp’s earnings, with the lowest EPS estimate coming in at $0.64 and the highest estimate coming in at $0.69. Peoples Bancorp posted earnings per share of $0.62 during the same quarter last year, which indicates a positive year over year growth rate of 8.1%. The firm is expected to issue its next earnings results before the market opens on Tuesday, July 23rd.
On average, analysts expect that Peoples Bancorp will report full year earnings of $2.86 per share for the current year, with EPS estimates ranging from $2.82 to $2.89. For the next financial year, analysts anticipate that the company will post earnings of $3.04 per share, with EPS estimates ranging from $3.01 to $3.05. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that cover Peoples Bancorp.
Peoples Bancorp (NASDAQ:PEBO) last released its earnings results on Tuesday, April 23rd. The bank reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.06. The business had revenue of $49.34 million for the quarter, compared to analyst estimates of $49.09 million. Peoples Bancorp had a return on equity of 10.42% and a net margin of 22.59%.
PEBO has been the topic of several research reports. BidaskClub upgraded Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, July 6th. Boenning Scattergood restated a “hold” rating on shares of Peoples Bancorp in a research note on Wednesday, May 1st. Finally, Zacks Investment Research lowered Hallmark Financial Services from a “buy” rating to a “hold” rating in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $38.50.
Shares of Peoples Bancorp stock traded down $0.06 during trading on Tuesday, hitting $31.75. 31,656 shares of the stock traded hands, compared to its average volume of 37,877. The stock has a market cap of $657.00 million, a price-to-earnings ratio of 12.03, a P/E/G ratio of 1.39 and a beta of 0.76. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.20. Peoples Bancorp has a 52-week low of $28.35 and a 52-week high of $39.42. The firm’s fifty day moving average is $31.86.
In other Peoples Bancorp news, Director George W. Broughton sold 10,011 shares of Peoples Bancorp stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $32.40, for a total value of $324,356.40. Following the transaction, the director now owns 145,336 shares in the company, valued at $4,708,886.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director George W. Broughton sold 2,000 shares of Peoples Bancorp stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $31.94, for a total value of $63,880.00. Following the completion of the transaction, the director now owns 148,336 shares in the company, valued at approximately $4,737,851.84. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,154 shares of company stock worth $392,798. Insiders own 2.89% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. Prudential Financial Inc. lifted its position in Peoples Bancorp by 17.9% during the fourth quarter. Prudential Financial Inc. now owns 30,114 shares of the bank’s stock valued at $907,000 after purchasing an additional 4,570 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in Peoples Bancorp by 58.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,809 shares of the bank’s stock valued at $85,000 after purchasing an additional 1,033 shares during the last quarter. BlackRock Inc. raised its stake in shares of Peoples Bancorp by 2.8% during the fourth quarter. BlackRock Inc. now owns 1,409,961 shares of the bank’s stock worth $42,440,000 after acquiring an additional 38,186 shares in the last quarter. Citigroup Inc. raised its stake in shares of Peoples Bancorp by 18.0% during the fourth quarter. Citigroup Inc. now owns 5,669 shares of the bank’s stock worth $171,000 after acquiring an additional 863 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Peoples Bancorp by 2.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,594,969 shares of the bank’s stock worth $48,008,000 after acquiring an additional 44,958 shares in the last quarter. Institutional investors own 57.42% of the company’s stock.
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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