Peoples Bancorp Inc. (NASDAQ:PEBO) – Stock analysts at DA Davidson decreased their Q4 2018 earnings estimates for Peoples Bancorp in a research report issued to clients and investors on Wednesday, October 24th. DA Davidson analyst K. Reevey now anticipates that the bank will post earnings per share of $0.66 for the quarter, down from their previous estimate of $0.68. DA Davidson also issued estimates for Peoples Bancorp’s Q1 2019 earnings at $0.69 EPS, Q2 2019 earnings at $0.66 EPS, Q3 2019 earnings at $0.71 EPS, Q4 2019 earnings at $0.76 EPS and FY2020 earnings at $3.11 EPS.
Peoples Bancorp (NASDAQ:PEBO) last issued its quarterly earnings results on Tuesday, October 23rd. The bank reported $0.69 EPS for the quarter, topping the consensus estimate of $0.66 by $0.03. The firm had revenue of $47.68 million for the quarter, compared to analysts’ expectations of $47.46 million. Peoples Bancorp had a net margin of 20.70% and a return on equity of 9.07%.
Shares of PEBO stock opened at $33.82 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $655.03 million, a PE ratio of 14.83, a PEG ratio of 1.60 and a beta of 0.68. Peoples Bancorp has a 52-week low of $30.84 and a 52-week high of $39.58.
Hedge funds have recently modified their holdings of the company. UBS Group AG raised its holdings in shares of Peoples Bancorp by 26.8% in the 1st quarter. UBS Group AG now owns 6,908 shares of the bank’s stock valued at $245,000 after purchasing an additional 1,460 shares during the period. MetLife Investment Advisors LLC grew its stake in Peoples Bancorp by 27.1% in the 2nd quarter. MetLife Investment Advisors LLC now owns 8,443 shares of the bank’s stock valued at $319,000 after buying an additional 1,802 shares during the last quarter. US Bancorp DE grew its stake in Peoples Bancorp by 5,073.7% in the 2nd quarter. US Bancorp DE now owns 8,847 shares of the bank’s stock valued at $335,000 after buying an additional 8,676 shares during the last quarter. Allianz Asset Management GmbH acquired a new position in Peoples Bancorp in the 1st quarter valued at about $415,000. Finally, Globeflex Capital L P grew its stake in Peoples Bancorp by 12.0% in the 2nd quarter. Globeflex Capital L P now owns 14,900 shares of the bank’s stock valued at $563,000 after buying an additional 1,600 shares during the last quarter. 61.72% of the stock is currently owned by institutional investors.
The company also recently announced a quarterly dividend, which will be paid on Monday, November 19th. Stockholders of record on Monday, November 5th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.55%. This is a boost from Peoples Bancorp’s previous quarterly dividend of $0.28. The ex-dividend date is Friday, November 2nd. Peoples Bancorp’s dividend payout ratio is presently 49.12%.
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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