Peoples Bancorp Inc. (PEBO) Expected to Announce Quarterly Sales of $41.90 Million
Wall Street brokerages expect Peoples Bancorp Inc. (NASDAQ:PEBO) to post $41.90 million in sales for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Peoples Bancorp’s earnings, with the highest sales estimate coming in at $42.20 million and the lowest estimate coming in at $41.60 million. Peoples Bancorp reported sales of $38.78 million in the same quarter last year, which indicates a positive year-over-year growth rate of 8%. The business is expected to report its next quarterly earnings report on Friday, January 26th.
According to Zacks, analysts expect that Peoples Bancorp will report full-year sales of $41.90 million for the current year, with estimates ranging from $166.80 million to $169.60 million. For the next fiscal year, analysts anticipate that the business will report sales of $186.43 million per share, with estimates ranging from $182.20 million to $188.60 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Peoples Bancorp.
Peoples Bancorp (NASDAQ:PEBO) last issued its quarterly earnings results on Tuesday, October 24th. The bank reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.09. The business had revenue of $41.83 million for the quarter, compared to the consensus estimate of $41.96 million. Peoples Bancorp had a return on equity of 7.99% and a net margin of 21.10%.
Several research firms recently issued reports on PEBO. Zacks Investment Research downgraded Peoples Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, October 28th. Boenning Scattergood reissued a “hold” rating on shares of Peoples Bancorp in a research report on Wednesday, October 25th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $34.00 target price on shares of Peoples Bancorp in a research report on Tuesday, October 3rd. Finally, BidaskClub downgraded Peoples Bancorp from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $35.00.
Shares of Peoples Bancorp (NASDAQ PEBO) traded down $0.52 during mid-day trading on Tuesday, hitting $32.65. The stock had a trading volume of 9,464 shares, compared to its average volume of 38,625. The firm has a market capitalization of $606.38, a P/E ratio of 17.01, a PEG ratio of 1.97 and a beta of 0.73. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.82 and a current ratio of 0.82. Peoples Bancorp has a 1-year low of $27.70 and a 1-year high of $35.43.
The company also recently announced a quarterly dividend, which was paid on Friday, November 17th. Investors of record on Friday, November 3rd were given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend was Thursday, November 2nd. Peoples Bancorp’s payout ratio is 43.56%.
In related news, Director S Craig Beam sold 975 shares of the company’s stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $34.00, for a total value of $33,150.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders sold 12,895 shares of company stock worth $433,159. 3.04% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC acquired a new position in shares of Peoples Bancorp in the 3rd quarter valued at $103,000. Citigroup Inc. boosted its holdings in Peoples Bancorp by 361.7% in the second quarter. Citigroup Inc. now owns 6,694 shares of the bank’s stock valued at $215,000 after purchasing an additional 5,244 shares during the last quarter. Goldman Sachs Group Inc. purchased a new stake in Peoples Bancorp in the first quarter valued at $217,000. Wedge Capital Management L L P NC purchased a new stake in Peoples Bancorp in the third quarter valued at $252,000. Finally, Virginia Retirement Systems ET AL purchased a new stake in Peoples Bancorp in the third quarter valued at $272,000. 62.81% of the stock is currently owned by hedge funds and other institutional investors.
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Peoples Bancorp Company Profile
Peoples Bancorp Inc is a financial holding company. The Company operates principally through its subsidiary, Peoples Bank. Peoples Bank’s operating subsidiaries include Peoples Insurance Agency, LLC (Peoples Insurance) and two asset management companies, PBNA, LLC. and Peoples Tax Credit Equity, LLC.
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