Peoples Bancorp Inc. (PEBO) Expected to Announce Earnings of $0.66 Per Share

Wall Street brokerages expect that Peoples Bancorp Inc. (NASDAQ:PEBO) will post earnings per share (EPS) of $0.66 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Peoples Bancorp’s earnings. The lowest EPS estimate is $0.66 and the highest is $0.67. Peoples Bancorp reported earnings per share of $0.53 during the same quarter last year, which would suggest a positive year-over-year growth rate of 24.5%. The company is expected to report its next quarterly earnings report on Tuesday, October 23rd.

On average, analysts expect that Peoples Bancorp will report full-year earnings of $2.64 per share for the current financial year, with EPS estimates ranging from $2.62 to $2.65. For the next year, analysts expect that the firm will post earnings of $2.85 per share, with EPS estimates ranging from $2.83 to $2.86. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that cover Peoples Bancorp.

Peoples Bancorp (NASDAQ:PEBO) last issued its quarterly earnings results on Tuesday, July 24th. The bank reported $0.62 EPS for the quarter, beating the consensus estimate of $0.61 by $0.01. The company had revenue of $46.62 million for the quarter, compared to the consensus estimate of $46.56 million. Peoples Bancorp had a net margin of 20.70% and a return on equity of 9.07%.

Several equities analysts recently commented on PEBO shares. BidaskClub upgraded shares of Peoples Bancorp from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 26th. Zacks Investment Research upgraded shares of Peoples Bancorp from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a report on Friday, April 27th. Hovde Group set a $40.00 price target on shares of Peoples Bancorp and gave the company a “hold” rating in a report on Wednesday, July 25th. Finally, ValuEngine upgraded shares of Peoples Bancorp from a “hold” rating to a “buy” rating in a report on Thursday, May 31st. Seven equities research analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and an average price target of $38.50.

A number of hedge funds have recently modified their holdings of the business. Citadel Advisors LLC lifted its position in shares of Peoples Bancorp by 232.6% in the 2nd quarter. Citadel Advisors LLC now owns 43,558 shares of the bank’s stock worth $1,646,000 after purchasing an additional 30,463 shares during the period. FMR LLC lifted its position in shares of Peoples Bancorp by 241.3% in the 2nd quarter. FMR LLC now owns 62,866 shares of the bank’s stock worth $2,375,000 after purchasing an additional 44,446 shares during the period. Globeflex Capital L P lifted its position in shares of Peoples Bancorp by 12.0% in the 2nd quarter. Globeflex Capital L P now owns 14,900 shares of the bank’s stock worth $563,000 after purchasing an additional 1,600 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Peoples Bancorp by 5.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,489,761 shares of the bank’s stock worth $56,283,000 after purchasing an additional 80,555 shares during the period. Finally, BlackRock Inc. lifted its position in shares of Peoples Bancorp by 8.1% in the 2nd quarter. BlackRock Inc. now owns 1,411,624 shares of the bank’s stock worth $53,334,000 after purchasing an additional 106,316 shares during the period. Institutional investors and hedge funds own 60.51% of the company’s stock.

Peoples Bancorp traded down $0.40, hitting $35.79, during mid-day trading on Friday, Marketbeat.com reports. 20,897 shares of the stock traded hands, compared to its average volume of 41,769. The company has a market capitalization of $706.99 million, a price-to-earnings ratio of 15.87, a PEG ratio of 1.72 and a beta of 0.72. Peoples Bancorp has a 52 week low of $29.55 and a 52 week high of $39.58. 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 business also recently announced a quarterly dividend, which will be paid on Monday, August 20th. Shareholders of record on Wednesday, August 8th will be paid a $0.28 dividend. The ex-dividend date is Tuesday, August 7th. This represents a $1.12 dividend on an annualized basis and a yield of 3.13%. Peoples Bancorp’s dividend payout ratio is currently 49.12%.

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

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