Equities analysts expect Peoples Bancorp Inc. (NASDAQ:PEBO) to announce earnings of $0.66 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Peoples Bancorp’s earnings, with the lowest EPS estimate coming in at $0.66 and the highest estimate coming in at $0.67. Peoples Bancorp posted earnings of $0.53 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 24.5%. The business is expected to issue its next quarterly earnings results on Tuesday, October 23rd.
According to Zacks, analysts expect that Peoples Bancorp will report full-year earnings of $2.64 per share for the current year, with EPS estimates ranging from $2.62 to $2.65. For the next fiscal year, analysts forecast that the firm will post earnings of $2.85 per share, with EPS estimates ranging from $2.83 to $2.86. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Peoples Bancorp.
Peoples Bancorp (NASDAQ:PEBO) last posted its earnings results on Tuesday, July 24th. The bank reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. Peoples Bancorp had a net margin of 20.70% and a return on equity of 9.07%. The firm had revenue of $46.62 million for the quarter, compared to the consensus estimate of $46.56 million.
PEBO has been the topic of a number of research reports. BidaskClub upgraded shares of Peoples Bancorp from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 26th. Zacks Investment Research upgraded shares of Peoples Bancorp from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a report on Friday, April 27th. Hovde Group set a $40.00 price target on shares of Peoples Bancorp and gave the company a “hold” rating in a report on Wednesday, July 25th. Finally, ValuEngine upgraded shares of Peoples Bancorp from a “hold” rating to a “buy” rating in a report on Thursday, May 31st. Seven research analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and an average price target of $38.50.
Shares of Peoples Bancorp traded down $0.40, reaching $35.79, during trading hours on Friday, Marketbeat.com reports. The company’s stock had a trading volume of 20,897 shares, compared to its average volume of 41,769. Peoples Bancorp has a one year low of $29.55 and a one year high of $39.58. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.23. The company has a market cap of $706.99 million, a PE ratio of 15.87, a price-to-earnings-growth ratio of 1.72 and a beta of 0.72.
The company also recently declared a quarterly dividend, which will be paid on Monday, August 20th. Investors of record on Wednesday, August 8th will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Tuesday, August 7th. This represents a $1.12 annualized dividend and a yield of 3.13%. Peoples Bancorp’s payout ratio is 49.12%.
Large investors have recently modified their holdings of the stock. SG Americas Securities LLC bought a new position in Peoples Bancorp in the 1st quarter worth about $114,000. Macquarie Group Ltd. grew its stake in Peoples Bancorp by 201.3% in the 4th quarter. Macquarie Group Ltd. now owns 4,188 shares of the bank’s stock worth $137,000 after acquiring an additional 2,798 shares in the last quarter. MetLife Investment Advisors LLC bought a new position in Peoples Bancorp in the 4th quarter worth about $217,000. UBS Group AG grew its stake in Peoples Bancorp by 26.8% in the 1st quarter. UBS Group AG now owns 6,908 shares of the bank’s stock worth $245,000 after acquiring an additional 1,460 shares in the last quarter. Finally, Hancock Holding Co. bought a new position in Peoples Bancorp in the 1st quarter worth about $269,000. Institutional investors own 60.51% of the company’s stock.
About Peoples Bancorp
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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