Peoples Bancorp Inc. (NASDAQ:PEBO) Expected to Announce Earnings of $0.73 Per Share

Wall Street analysts forecast that Peoples Bancorp Inc. (NASDAQ:PEBO) will report $0.73 earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have made estimates for Peoples Bancorp’s earnings. The lowest EPS estimate is $0.70 and the highest is $0.76. Peoples Bancorp posted earnings of $1.12 per share in the same quarter last year, which would suggest a negative year over year growth rate of 34.8%. The business is scheduled to announce its next quarterly earnings results before the market opens on Tuesday, January 25th.

According to Zacks, analysts expect that Peoples Bancorp will report full-year earnings of $1.81 per share for the current financial year, with EPS estimates ranging from $1.77 to $1.85. For the next fiscal year, analysts anticipate that the firm will post earnings of $3.10 per share, with EPS estimates ranging from $2.98 to $3.15. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Peoples Bancorp.

Peoples Bancorp (NASDAQ:PEBO) last issued its earnings results on Monday, October 25th. The bank reported ($0.28) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.75). Peoples Bancorp had a net margin of 17.38% and a return on equity of 9.87%. The firm had revenue of $59.28 million during the quarter, compared to analyst estimates of $58.54 million. During the same quarter in the prior year, the firm posted $0.60 EPS.

Several brokerages recently issued reports on PEBO. Piper Sandler upgraded shares of Peoples Bancorp from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $32.00 to $35.00 in a research report on Wednesday, September 22nd. Zacks Investment Research upgraded shares of Peoples Bancorp from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research report on Friday. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $38.40.

Shares of NASDAQ:PEBO opened at $33.60 on Friday. Peoples Bancorp has a 52 week low of $27.72 and a 52 week high of $36.75. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.80 and a current ratio of 0.80. The company’s fifty day moving average is $32.15 and its 200-day moving average is $31.18. The company has a market capitalization of $949.97 million, a PE ratio of 16.23 and a beta of 0.87.

The business also recently declared a quarterly dividend, which was paid on Monday, November 22nd. Investors of record on Monday, November 8th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Friday, November 5th. This represents a $1.44 annualized dividend and a yield of 4.29%. Peoples Bancorp’s dividend payout ratio (DPR) is 69.57%.

In other Peoples Bancorp news, Director Michael N. Vittorio bought 1,000 shares of the business’s stock in a transaction on Tuesday, November 9th. The shares were bought at an average cost of $32.80 per share, for a total transaction of $32,800.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 3.01% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Spire Wealth Management lifted its position in Peoples Bancorp by 14.5% during the 3rd quarter. Spire Wealth Management now owns 2,911 shares of the bank’s stock valued at $92,000 after purchasing an additional 369 shares during the period. Voya Investment Management LLC lifted its position in Peoples Bancorp by 6.1% during the 3rd quarter. Voya Investment Management LLC now owns 8,192 shares of the bank’s stock valued at $259,000 after purchasing an additional 471 shares during the period. Parametric Portfolio Associates LLC increased its stake in shares of Peoples Bancorp by 0.5% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 95,302 shares of the bank’s stock valued at $2,823,000 after acquiring an additional 494 shares during the last quarter. Captrust Financial Advisors increased its stake in shares of Peoples Bancorp by 103.3% in the 3rd quarter. Captrust Financial Advisors now owns 1,043 shares of the bank’s stock valued at $33,000 after acquiring an additional 530 shares during the last quarter. Finally, Cubist Systematic Strategies LLC increased its stake in shares of Peoples Bancorp by 8.3% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 9,031 shares of the bank’s stock valued at $285,000 after acquiring an additional 690 shares during the last quarter. Institutional investors own 48.86% of the company’s stock.

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 mortgage loans and lines of credit; debit and automated teller machine cards; credit cards for individuals and businesses; merchant credit card transaction processing services; corporate and personal trust services; safe deposit rental facilities; money orders and cashier’s checks; life, health, property and casualty insurance products; brokerage services; and custom-tailored fiduciary, employee benefit plans and asset management & administration services.

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Earnings History and Estimates for Peoples Bancorp (NASDAQ:PEBO)

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