Wall Street brokerages expect Peoples Bancorp Inc. (NASDAQ:PEBO) to report sales of $49.13 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Peoples Bancorp’s earnings, with the highest sales estimate coming in at $49.78 million and the lowest estimate coming in at $48.70 million. Peoples Bancorp reported sales of $44.25 million during the same quarter last year, which indicates a positive year over year growth rate of 11%. The firm is scheduled to report its next quarterly earnings report on Tuesday, April 23rd.
According to Zacks, analysts expect that Peoples Bancorp will report full-year sales of $208.31 million for the current fiscal year, with estimates ranging from $207.22 million to $209.90 million. For the next financial year, analysts forecast that the business will post sales of $225.10 million, with estimates ranging from $222.50 million to $229.30 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Peoples Bancorp.
Peoples Bancorp (NASDAQ:PEBO) last released its quarterly earnings data on Tuesday, January 22nd. The bank reported $0.69 EPS for the quarter, beating the consensus estimate of $0.66 by $0.03. The business had revenue of $48.30 million for the quarter, compared to the consensus estimate of $47.74 million. Peoples Bancorp had a net margin of 22.18% and a return on equity of 10.11%.
Several equities analysts recently issued reports on the stock. ValuEngine upgraded shares of Peoples Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Zacks Investment Research cut shares of Peoples Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, January 26th. Boenning Scattergood reiterated a “hold” rating on shares of Peoples Bancorp in a research note on Wednesday, October 31st. Finally, BidaskClub cut shares of Peoples Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, November 28th. Three equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the company. The company presently has a consensus rating of “Sell” and a consensus target price of $38.50.
Shares of PEBO stock traded up $0.17 during trading hours on Friday, hitting $32.39. The company’s stock had a trading volume of 87 shares, compared to its average volume of 37,981. The company has a market capitalization of $629.43 million, a P/E ratio of 12.20, a price-to-earnings-growth ratio of 1.42 and a beta of 0.79. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.82 and a quick ratio of 0.82. Peoples Bancorp has a 12-month low of $28.35 and a 12-month high of $39.58.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 19th. Investors of record on Monday, February 4th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.70%. The ex-dividend date of this dividend is Friday, February 1st. Peoples Bancorp’s dividend payout ratio is currently 45.45%.
In other Peoples Bancorp news, Director George W. Broughton sold 1,000 shares of the company’s stock in a transaction on Monday, January 28th. The shares were sold at an average price of $32.33, for a total transaction of $32,330.00. Following the completion of the transaction, the director now directly owns 149,756 shares in the company, valued at $4,841,611.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director George W. Broughton sold 2,000 shares of the company’s stock in a transaction on Friday, January 25th. The stock was sold at an average price of $32.65, for a total transaction of $65,300.00. Following the transaction, the director now owns 150,756 shares of the company’s stock, valued at $4,922,183.40. The disclosure for this sale can be found here. Insiders own 3.03% of the company’s stock.
Large investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. raised its position in Peoples Bancorp by 58.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,809 shares of the bank’s stock worth $85,000 after acquiring an additional 1,033 shares during the period. Acadian Asset Management LLC acquired a new stake in shares of Peoples Bancorp in the fourth quarter valued at about $102,000. Paloma Partners Management Co acquired a new stake in shares of Peoples Bancorp in the third quarter valued at about $354,000. MetLife Investment Advisors LLC raised its position in shares of Peoples Bancorp by 49.7% in the third quarter. MetLife Investment Advisors LLC now owns 12,638 shares of the bank’s stock valued at $443,000 after buying an additional 4,195 shares during the last quarter. Finally, Bailard Inc. raised its position in shares of Peoples Bancorp by 11.2% in the third quarter. Bailard Inc. now owns 19,800 shares of the bank’s stock valued at $694,000 after buying an additional 2,000 shares during the last quarter. Institutional investors own 61.12% of the company’s stock.
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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