Zacks: Brokerages Anticipate Peoples Bancorp Inc. (NASDAQ:PEBO) Will Announce Quarterly Sales of $52.10 Million

Equities analysts expect Peoples Bancorp Inc. (NASDAQ:PEBO) to announce sales of $52.10 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Peoples Bancorp’s earnings, with the lowest sales estimate coming in at $51.89 million and the highest estimate coming in at $52.30 million. Peoples Bancorp reported sales of $48.30 million in the same quarter last year, which indicates a positive year-over-year growth rate of 7.9%. The business is scheduled to issue its next earnings report before the market opens on Tuesday, January 21st.

On average, analysts expect that Peoples Bancorp will report full year sales of $205.51 million for the current financial year, with estimates ranging from $204.72 million to $206.30 million. For the next year, analysts anticipate that the company will post sales of $211.53 million, with estimates ranging from $210.80 million to $212.26 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Peoples Bancorp.

Peoples Bancorp (NASDAQ:PEBO) last announced its quarterly earnings data on Tuesday, October 22nd. The bank reported $0.72 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.72. The business had revenue of $52.15 million for the quarter, compared to analyst estimates of $51.98 million. Peoples Bancorp had a return on equity of 10.62% and a net margin of 22.95%.

A number of research analysts have recently weighed in on the company. ValuEngine lowered Peoples Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, December 5th. Zacks Investment Research downgraded Peoples Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday. BidaskClub downgraded Peoples Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, January 8th. Finally, DA Davidson upgraded Peoples Bancorp from a “neutral” rating to a “buy” rating and upped their target price for the stock from $35.00 to $40.00 in a research note on Friday, January 10th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $39.50.

Shares of PEBO stock traded down $0.22 during mid-day trading on Thursday, reaching $34.61. The stock had a trading volume of 35,837 shares, compared to its average volume of 47,767. The business’s fifty day moving average is $33.92 and its 200-day moving average is $32.43. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.14. The firm has a market cap of $720.72 million, a price-to-earnings ratio of 11.85 and a beta of 0.77. Peoples Bancorp has a 1-year low of $29.81 and a 1-year high of $35.11.

In other news, Director George W. Broughton sold 3,000 shares of the company’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $32.81, for a total value of $98,430.00. Following the sale, the director now owns 128,429 shares in the company, valued at $4,213,755.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO John C. Rogers sold 1,080 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $32.76, for a total value of $35,380.80. Insiders sold 15,106 shares of company stock worth $495,312 in the last 90 days. Company insiders own 2.89% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Nisa Investment Advisors LLC boosted its position in Peoples Bancorp by 110.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 875 shares of the bank’s stock worth $30,000 after purchasing an additional 460 shares in the last quarter. Susquehanna International Group LLP purchased a new position in Peoples Bancorp during the second quarter worth approximately $234,000. Zebra Capital Management LLC boosted its position in Peoples Bancorp by 15.5% during the second quarter. Zebra Capital Management LLC now owns 8,908 shares of the bank’s stock worth $287,000 after purchasing an additional 1,194 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its position in Peoples Bancorp by 7.2% during the second quarter. D. E. Shaw & Co. Inc. now owns 14,254 shares of the bank’s stock worth $460,000 after purchasing an additional 962 shares in the last quarter. Finally, Squarepoint Ops LLC boosted its position in Peoples Bancorp by 31.9% during the third quarter. Squarepoint Ops LLC now owns 15,821 shares of the bank’s stock worth $503,000 after purchasing an additional 3,827 shares in the last quarter. Institutional investors own 58.98% of the company’s stock.

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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