Wall Street analysts predict that Peoples Bancorp Inc. (NASDAQ:PEBO) will post $52.53 million in sales for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Peoples Bancorp’s earnings. The highest sales estimate is $53.40 million and the lowest is $51.70 million. Peoples Bancorp posted sales of $47.68 million in the same quarter last year, which would indicate a positive year over year growth rate of 10.2%. The firm is scheduled to announce its next earnings report on Tuesday, October 22nd.
According to Zacks, analysts expect that Peoples Bancorp will report full year sales of $206.43 million for the current year, with estimates ranging from $204.59 million to $208.40 million. For the next year, analysts forecast that the company will post sales of $218.78 million, with estimates ranging from $214.70 million to $225.40 million. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for Peoples Bancorp.
Peoples Bancorp (NASDAQ:PEBO) last issued its quarterly earnings data on Tuesday, July 23rd. The bank reported $0.74 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.07. Peoples Bancorp had a net margin of 22.61% and a return on equity of 10.65%. The company had revenue of $51.34 million during the quarter, compared to the consensus estimate of $51.14 million.
In related news, Director George W. Broughton sold 6,072 shares of the firm’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $32.34, for a total value of $196,368.48. Following the completion of the transaction, the director now owns 134,325 shares of the company’s stock, valued at $4,344,070.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.89% of the stock is currently owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA grew its position in shares of Peoples Bancorp by 438.7% in the 1st quarter. BNP Paribas Arbitrage SA now owns 3,685 shares of the bank’s stock valued at $114,000 after acquiring an additional 3,001 shares during the period. SG Americas Securities LLC bought a new position in shares of Peoples Bancorp in the 1st quarter valued at about $152,000. Metropolitan Life Insurance Co. NY grew its position in shares of Peoples Bancorp by 321.2% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 5,501 shares of the bank’s stock valued at $166,000 after acquiring an additional 4,195 shares during the period. Eidelman Virant Capital bought a new position in shares of Peoples Bancorp in the 2nd quarter valued at about $282,000. Finally, Zebra Capital Management LLC grew its position in shares of Peoples Bancorp by 15.5% in the 2nd quarter. Zebra Capital Management LLC now owns 8,908 shares of the bank’s stock valued at $287,000 after acquiring an additional 1,194 shares during the period. 57.36% of the stock is owned by institutional investors and hedge funds.
Shares of PEBO stock traded down $0.82 during trading hours on Friday, hitting $31.00. 55,603 shares of the company were exchanged, compared to its average volume of 41,229. The stock has a market cap of $653.89 million, a P/E ratio of 11.80, a PEG ratio of 1.41 and a beta of 0.73. Peoples Bancorp has a 52 week low of $28.35 and a 52 week high of $36.92. The company has a 50 day moving average of $31.90. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 0.15.
The firm also recently announced a quarterly dividend, which will be paid on Monday, August 19th. Investors of record on Monday, August 5th will be given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 4.39%. The ex-dividend date is Friday, August 2nd. Peoples Bancorp’s dividend payout ratio (DPR) is currently 51.52%.
Peoples Bancorp Company Profile
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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