Peoples Bancorp (NASDAQ:PEBO) Announces Quarterly Earnings Results

Peoples Bancorp (NASDAQ:PEBO) announced its quarterly earnings results on Tuesday. The bank reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.01, RTT News reports. Peoples Bancorp had a net margin of 20.16% and a return on equity of 11.84%. During the same quarter in the previous year, the firm earned $1.04 earnings per share.

Peoples Bancorp Stock Up 0.2 %

Peoples Bancorp stock opened at $31.35 on Wednesday. The firm has a market capitalization of $1.11 billion, a P/E ratio of 8.93 and a beta of 0.79. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.21. Peoples Bancorp has a twelve month low of $26.74 and a twelve month high of $37.07. The stock’s fifty day simple moving average is $33.31 and its 200-day simple moving average is $31.92.

Peoples Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 5.10%. Peoples Bancorp’s dividend payout ratio is presently 45.58%.

Wall Street Analyst Weigh In

PEBO has been the subject of several research reports. Piper Sandler dropped their target price on shares of Peoples Bancorp from $39.00 to $36.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. Keefe, Bruyette & Woods lifted their price objective on Peoples Bancorp from $32.00 to $36.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Peoples Bancorp presently has an average rating of “Hold” and a consensus price target of $34.25.

Insider Activity at Peoples Bancorp

In related news, Director David F. Dierker sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $35.36, for a total value of $70,720.00. Following the sale, the director now owns 1,214 shares of the company’s stock, valued at $42,927.04. This trade represents a 62.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Carol A. Schneeberger sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $31.02, for a total transaction of $31,020.00. Following the transaction, the director now owns 27,686 shares of the company’s stock, valued at $858,819.72. This trade represents a 3.49 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,420 shares of company stock worth $424,076. Company insiders own 3.46% of the company’s stock.

Peoples Bancorp Company Profile

Peoples Bancorp Inc operates as the holding company for Peoples Bank that provides commercial and consumer banking products and services. The company accepts various deposit products, including demand deposit accounts, savings accounts, money market accounts, certificates of deposit, and governmental deposits; and provides commercial and industrial, commercial real estate, construction, finance, residential real estate, and consumer indirect and direct loans, as well as home equity lines of credit and overdrafts.