Peoples Bancorp Inc. (NASDAQ: PEBO) to report earnings of $ 0.72 per share
Stock analysts expect Peoples Bancorp Inc. (NASDAQ: PEBO) to post earnings per share (EPS) of $ 0.72 for the current quarter, according to Zacks Investment Research. Two analysts have released earnings estimates for Peoples Bancorp. The lowest EPS estimate is $ 0.70 and the highest is $ 0.76. Peoples Bancorp posted earnings per share of $ 1.12 in the same quarter last year, suggesting a negative year-over-year growth rate of 35.7%. The company is expected to release its next quarterly earnings report on Tuesday, January 25.
On average, analysts predict Peoples Bancorp will report annual earnings of $ 1.75 per share for the current year, with EPS estimates ranging from $ 1.62 to $ 1.83. For next year, analysts predict the company will report earnings of $ 3.09 per share, with EPS estimates ranging from $ 2.98 to $ 3.15. Zacks Investment Research’s BPA averages are an average based on a survey of analysts who provide coverage for Peoples Bancorp.
Peoples Bancorp (NASDAQ: PEBO) last released its quarterly results on Monday, October 25. The bank reported ($ 0.28) EPS for the quarter, missing Zacks’ consensus estimate of $ 0.47 ($ 0.75). Peoples Bancorp recorded a return on equity of 9.87% and a net margin of 17.38%. The company posted revenue of $ 59.28 million in the quarter, compared to a consensus estimate of $ 58.54 million. During the same period of the previous year, the company earned $ 0.60 per share.
Several research firms recently commented on the PEBO. Piper Sandler downgraded Peoples Bancorp shares from “neutral” to “overweight” and raised her target price for the company from $ 32.00 to $ 35.00 in a report released on Wednesday, September 22 . Zacks Investment Research downgraded Peoples Bancorp shares from a “hold” rating to a “strong buy” rating and set a target price of $ 36.00 on the stock in a report released on Friday, October 29. Four research analysts rated the stock with a buy rating and one gave the company’s stock a high buy rating. Based on MarketBeat data, Peoples Bancorp currently has a consensus rating of “Buy” and a consensus target price of $ 38.20.
In addition, director Michael N. Vittorio bought 1,000 shares of the company in a transaction on Tuesday, November 9. The stock was purchased at an average price of $ 32.80 per share, for a total value of $ 32,800.00. The acquisition was disclosed in a file with the SEC, which can be viewed through the SEC’s website. Company insiders own 3.01% of the company’s shares.
Institutional investors and hedge funds have recently changed their positions in the company. Jump Financial LLC purchased a new stake in Peoples Bancorp shares in the second quarter valued at approximately $ 201,000. Millennium Management LLC increased its position in Peoples Bancorp shares by 90.7% in the 2nd quarter. Millennium Management LLC now owns 44,790 shares of the bank valued at $ 1,327,000 after purchasing an additional 21,306 shares during the period. Charles Schwab Investment Management Inc. increased its position in Peoples Bancorp shares by 1.4% in the second quarter. Charles Schwab Investment Management Inc. now owns 124,567 shares of the bank valued at $ 3,690,000 after purchasing an additional 1,739 shares during the period. Victory Capital Management Inc. increased its position in Peoples Bancorp shares by 20.2% in the second quarter. Victory Capital Management Inc. now owns 55,269 shares of the bank valued at $ 1,637,000 after purchasing an additional 9,269 shares during the period. Finally, Shell Asset Management Co. increased its position in Peoples Bancorp shares by 14.4% in the second quarter. Shell Asset Management Co. now owns 28,274 shares of the bank valued at $ 837,000 after purchasing an additional 3,549 shares during the period. 57.41% of the shares are held by institutional investors and hedge funds.
PEBO shares traded up $ 0.24 on Friday, reaching $ 31.37. 62,608 shares of the company were traded for an average volume of 81,784. The company has a leverage ratio of 0.12, a quick ratio of 0.80 and a current ratio of 0.80. Peoples Bancorp has a one-year low of $ 26.48 and a one-year high of $ 36.75. The company’s fifty-day simple moving average is $ 32.12 and its 200-day simple moving average is $ 31.09. The stock has a market cap of $ 886.92 million, a price-to-earnings ratio of 15.15 and a beta of 0.87.
The company also recently declared a quarterly dividend, which was paid on Monday, November 22. Shareholders of record on Monday, November 8 received a dividend of $ 0.36 per share. The ex-dividend date of this dividend was Friday, November 5. This represents an annualized dividend of $ 1.44 and a return of 4.59%. Peoples Bancorp’s payout ratio is currently 69.57%.
Peoples Bancorp Company Profile
Peoples Bancorp, Inc. operates as a financial holding company, which engages in 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 and line of credit mortgages; debit cards and ATMs; credit cards for individuals and businesses; merchant credit card transaction processing services; fiduciary services to businesses and individuals; safe rental facilities; money orders and bank checks; life, health, property and miscellaneous risk insurance products; brokerage services; and tailor-made trust services, employee benefit plans, and asset management and administration services.
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