FY2025 EPS Estimates for Peoples Bancorp Cut by DA Davidson

Peoples Bancorp Inc. (NASDAQ:PEBO) – Investment analysts at DA Davidson dropped their FY2025 earnings per share (EPS) estimates for Peoples Bancorp in a research report issued to clients and investors on Thursday, December 19th. DA Davidson analyst M. Navas now anticipates that the bank will post earnings per share of $3.30 for the year, down from their prior estimate of $3.35. The consensus estimate for Peoples Bancorp’s current full-year earnings is $3.31 per share.

Peoples Bancorp (NASDAQ:PEBO) last released its quarterly earnings data on Tuesday, October 22nd. The bank reported $0.89 EPS for the quarter, beating the consensus estimate of $0.82 by $0.07. The company had revenue of $158.41 million for the quarter, compared to analyst estimates of $112.30 million. Peoples Bancorp had a return on equity of 11.84% and a net margin of 20.16%. During the same period last year, the company posted $1.06 earnings per share.

A number of other equities research analysts have also issued reports on PEBO. Piper Sandler cut their target price on shares of Peoples Bancorp from $39.00 to $36.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 23rd. Keefe, Bruyette & Woods upped 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat, Peoples Bancorp has a consensus rating of “Hold” and an average price target of $34.25.

Peoples Bancorp Trading Up 1.0 %

Shares of PEBO opened at $32.46 on Monday. Peoples Bancorp has a one year low of $26.74 and a one year high of $37.07. The stock has a 50-day moving average price of $33.59 and a 200 day moving average price of $31.57. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.83 and a current ratio of 0.83. The company has a market capitalization of $1.15 billion, a P/E ratio of 9.25 and a beta of 0.77.

Peoples Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Monday, November 4th were given a $0.40 dividend. The ex-dividend date was Monday, November 4th. This represents a $1.60 annualized dividend and a yield of 4.93%. Peoples Bancorp’s dividend payout ratio (DPR) is 45.58%.

Insider Buying and Selling at Peoples Bancorp

In other news, Director David F. Dierker sold 2,000 shares of the company’s stock in a transaction 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 transaction, the director now directly owns 1,214 shares of the company’s stock, valued at approximately $42,927.04. This represents a 62.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Carol A. Schneeberger sold 1,000 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $34.82, for a total value of $34,820.00. Following the sale, the director now directly owns 28,322 shares of the company’s stock, valued at $986,172.04. This trade represents a 3.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,445 shares of company stock valued at $393,806. Corporate insiders own 3.46% of the company’s stock.

Institutional Trading of Peoples Bancorp

Several large investors have recently modified their holdings of PEBO. Dimensional Fund Advisors LP lifted its holdings in shares of Peoples Bancorp by 0.3% during the second quarter. Dimensional Fund Advisors LP now owns 2,465,385 shares of the bank’s stock worth $73,960,000 after buying an additional 6,712 shares during the last quarter. State Street Corp boosted its holdings in Peoples Bancorp by 1.4% in the 3rd quarter. State Street Corp now owns 1,027,413 shares of the bank’s stock valued at $30,915,000 after purchasing an additional 14,426 shares during the period. Geode Capital Management LLC increased its holdings in shares of Peoples Bancorp by 2.7% during the 3rd quarter. Geode Capital Management LLC now owns 850,654 shares of the bank’s stock worth $25,601,000 after purchasing an additional 22,285 shares during the period. American Century Companies Inc. raised its position in shares of Peoples Bancorp by 26.7% during the second quarter. American Century Companies Inc. now owns 586,015 shares of the bank’s stock valued at $17,580,000 after buying an additional 123,423 shares during the last quarter. Finally, Wellington Management Group LLP grew its position in Peoples Bancorp by 153.6% during the third quarter. Wellington Management Group LLP now owns 352,488 shares of the bank’s stock worth $10,606,000 after buying an additional 213,488 shares in the last quarter. 60.68% of the stock is owned by institutional investors.

About Peoples Bancorp

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.