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.
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.
Featured Story: Dow Jones Industrial Average (DJIA)
Get a Free Copy of Zacks Research Report on Peoples Bancorp (PEBO)
For more information on Zacks Investment Research’s research offerings, visit Zacks.com
This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in Peoples Bancorp right now?
Before you consider Peoples Bancorp, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market ripples…and Peoples Bancorp was not on the list.
Although Peoples Bancorp currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here