Zacks: Analysts Expect Peoples Bancorp Inc. (NASDAQ:PEBO) to Announce $0.51 EPS
Equities analysts expect Peoples Bancorp Inc. (NASDAQ:PEBO) to announce $0.51 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Peoples Bancorp’s earnings, with the lowest EPS estimate coming in at $0.51 and the highest estimate coming in at $0.52. Peoples Bancorp posted earnings per share of $0.43 in the same quarter last year, which would suggest a positive year over year growth rate of 18.6%. The business is scheduled to announce its next earnings results on Tuesday, October 24th.
On average, analysts expect that Peoples Bancorp will report full-year earnings of $2.04 per share for the current financial year, with EPS estimates ranging from $2.03 to $2.05. For the next year, analysts anticipate that the company will report earnings of $2.14 per share, with EPS estimates ranging from $2.10 to $2.18. Zacks’ EPS calculations are a mean average based on a survey of research analysts that that provide coverage for Peoples Bancorp.
Peoples Bancorp (NASDAQ:PEBO) last released its quarterly earnings results on Tuesday, July 25th. The bank reported $0.53 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.07. Peoples Bancorp had a return on equity of 7.63% and a net margin of 19.67%. The business had revenue of $41.68 million for the quarter, compared to the consensus estimate of $40.81 million.
A number of research analysts recently commented on the stock. Keefe, Bruyette & Woods reaffirmed a “neutral” rating on shares of Peoples Bancorp in a report on Tuesday, July 25th. ValuEngine raised shares of Peoples Bancorp from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Zacks Investment Research raised shares of Peoples Bancorp from a “hold” rating to a “strong-buy” rating and set a $38.00 price target for the company in a report on Friday, July 28th. BidaskClub downgraded shares of Peoples Bancorp from a “hold” rating to a “sell” rating in a report on Sunday, July 16th. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of Peoples Bancorp in a report on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $34.33.
Peoples Bancorp (NASDAQ:PEBO) traded down 1.39% during midday trading on Friday, reaching $31.84. The company’s stock had a trading volume of 19,984 shares. Peoples Bancorp has a one year low of $22.14 and a one year high of $35.43. The firm has a market cap of $581.91 million, a P/E ratio of 17.21 and a beta of 0.76. The firm has a 50 day moving average price of $32.32 and a 200 day moving average price of $32.12.
The company also recently announced a quarterly dividend, which will be paid on Friday, August 18th. Shareholders of record on Friday, August 4th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.76%. This is an increase from Peoples Bancorp’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Wednesday, August 2nd. Peoples Bancorp’s dividend payout ratio (DPR) is 43.24%.
In other news, Director Terry Thomas Sweet bought 1,000 shares of the stock in a transaction on Tuesday, June 6th. The stock was bought at an average cost of $31.18 per share, for a total transaction of $31,180.00. Following the completion of the purchase, the director now directly owns 2,427 shares in the company, valued at $75,673.86. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 3.04% of the stock is owned by company insiders.
Several large investors have recently bought and sold shares of PEBO. Dimensional Fund Advisors LP boosted its position in shares of Peoples Bancorp by 4.1% in the first quarter. Dimensional Fund Advisors LP now owns 1,265,231 shares of the bank’s stock valued at $40,057,000 after buying an additional 49,458 shares during the period. Vanguard Group Inc. boosted its position in Peoples Bancorp by 2.8% in the first quarter. Vanguard Group Inc. now owns 681,733 shares of the bank’s stock worth $21,584,000 after buying an additional 18,418 shares during the last quarter. LSV Asset Management boosted its position in Peoples Bancorp by 28.6% in the first quarter. LSV Asset Management now owns 375,848 shares of the bank’s stock worth $11,899,000 after buying an additional 83,631 shares during the last quarter. State Street Corp boosted its position in Peoples Bancorp by 9.0% in the fourth quarter. State Street Corp now owns 283,294 shares of the bank’s stock worth $9,192,000 after buying an additional 23,462 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in Peoples Bancorp by 14.6% in the first quarter. Renaissance Technologies LLC now owns 273,000 shares of the bank’s stock worth $8,643,000 after buying an additional 34,700 shares during the last quarter. Institutional investors and hedge funds own 62.28% of the company’s stock.
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Peoples Bancorp Company Profile
Peoples Bancorp Inc is a financial holding company. The Company operates principally through its subsidiary, Peoples Bank. Peoples Bank’s operating subsidiaries include Peoples Insurance Agency, LLC (Peoples Insurance) and two asset management companies, PBNA, LLC. and Peoples Tax Credit Equity, LLC.
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