EPS of $0.71 expected for Peoples Bancorp Inc. (NASDAQ:PEBO) this quarter

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Wall Street analysts expect Peoples Bancorp Inc. (NASDAQ:PEBO) to report earnings per share of $0.71 for the current fiscal quarter, according to Zacks. Four analysts released earnings estimates for Peoples Bancorp, with the highest EPS estimate of $0.76 and the lowest estimate of $0.64. Peoples Bancorp reported earnings per share of $0.90 in the same quarter last year, which would indicate a negative 21.1% year-over-year growth rate. The company is expected to release its next quarterly earnings report on Tuesday, April 19.

According to Zacks, analysts expect Peoples Bancorp to report annual earnings of $3.09 per share for the current fiscal year, with EPS estimates ranging from $3.00 to $3.20. For the next fiscal year, analysts expect the company to post earnings of $3.39 per share, with EPS estimates ranging from $3.10 to $3.65. Zacks Investment Research’s EPS calculations are an average average based on a survey of research analysts who cover Peoples Bancorp.

Peoples Bancorp Inc (NASDAQ:PEBO) last released its quarterly results on Tuesday, January 25. The bank reported earnings per share (EPS) of $0.99 for the quarter, beating Thomson Reuters consensus estimate of $0.76 by $0.23. Peoples Bancorp achieved a return on equity of 10.34% and a net margin of 18.66%. During the same period last year, the company achieved EPS of $1.12.

Several stock analysts have released reports on PEBO stocks. Zacks Investment Research downgraded Peoples Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday. B. Riley lowered his target price on Peoples Bancorp from $48.00 to $38.00 in a Thursday, January 27 research report. Finally, Raymond James raised his price target on Peoples Bancorp from $35.00 to $38.00 and gave the stock an “outperform” rating in a Wednesday, January 26 research report. One research analyst gave the stock a hold rating and four gave the stock a buy rating. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $37.60.

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PEBO shares opened at $32.97 on Friday. Peoples Bancorp has a 52-week minimum of $27.72 and a 52-week maximum of $36.75. The company has a debt ratio of 0.12, a quick ratio of 0.80 and a current ratio of 0.80. The company’s 50-day moving average price is $32.13 and its two-hundred-day moving average price is $31.54. The company has a market capitalization of $932.16 million, a PE ratio of 16.40 and a beta of 0.87.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 22. Investors of record on Monday, February 7 will receive a dividend of $0.36 per share. The ex-dividend date is Friday, February 4. This represents an annualized dividend of $1.44 and a yield of 4.37%. Peoples Bancorp’s dividend payout ratio (DPR) is currently 71.64%.

Separately, director Michael N. Vittorio purchased 1,000 shares of the company in a transaction that took place on Tuesday, November 9. The shares were acquired at an average price of $32.80 per share, for a total transaction of $32,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.01% of the company’s shares.

A number of large investors have recently changed their positions in the company. Spire Wealth Management increased its stake in Peoples Bancorp by 14.5% in Q3. Spire Wealth Management now owns 2,911 shares of the bank valued at $92,000 after buying 369 additional shares during the period. Voya Investment Management LLC increased its stake in Peoples Bancorp by 6.1% in the third quarter. Voya Investment Management LLC now owns 8,192 shares of the bank valued at $259,000 after purchasing an additional 471 shares during the period. Parametric Portfolio Associates LLC increased its stake in Peoples Bancorp by 0.5% in the second quarter. Parametric Portfolio Associates LLC now owns 95,302 shares of the bank valued at $2,823,000 after purchasing an additional 494 shares during the period. Captrust Financial Advisors increased its stake in Peoples Bancorp shares by 103.3% during the third quarter. Captrust Financial Advisors now owns 1,043 shares of the bank worth $33,000 after acquiring an additional 530 shares during the period. Finally, Cubist Systematic Strategies LLC increased its stake in Peoples Bancorp shares by 8.3% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 9,031 shares of the bank worth $285,000 after acquiring an additional 690 shares during the period. Hedge funds and other institutional investors hold 48.86% of the company’s shares.

About Peoples Bancorp

Peoples Bancorp, Inc operates as a financial holding company, providing banking, investment, insurance and trust solutions. It offers various demand deposit accounts, savings accounts, money market accounts and certificates of deposit; commercial, consumer, real estate mortgages and lines of credit; debit and ATM cards; personal and business credit cards; credit card transaction processing services for merchants; fiduciary services for businesses and individuals; safe rental facilities; money orders and bank cheques; life, health, property and accident insurance products; brokerage services; and bespoke trust services, employee benefit plans, and asset management and administration services.

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Earnings history and estimates for Peoples Bancorp (NASDAQ:PEBO)

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