Peoples Bancorp Inc. (PEBO) Expected to Post Earnings of $0.48 Per Share
Equities research analysts predict that Peoples Bancorp Inc. (NASDAQ:PEBO) will post $0.48 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Peoples Bancorp’s earnings. The lowest EPS estimate is $0.48 and the highest is $0.49. Peoples Bancorp posted earnings per share of $0.41 in the same quarter last year, which would indicate a positive year-over-year growth rate of 17.1%. The business is expected to issue its next quarterly earnings report before the market opens on Tuesday, January 23rd.
On average, analysts expect that Peoples Bancorp will report full year earnings of $2.10 per share for the current fiscal year. For the next financial year, analysts anticipate that the company will report earnings of $1.89 per share. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover Peoples Bancorp.
Peoples Bancorp (NASDAQ:PEBO) last announced its quarterly earnings data on Tuesday, October 24th. The bank reported $0.60 EPS for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.09. Peoples Bancorp had a return on equity of 7.99% and a net margin of 21.10%. The firm had revenue of $41.83 million during the quarter, compared to analysts’ expectations of $41.96 million.
Several brokerages recently issued reports on PEBO. Zacks Investment Research raised Peoples Bancorp from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a research report on Thursday, January 4th. Boenning Scattergood reaffirmed a “hold” rating on shares of Peoples Bancorp in a research report on Wednesday. BidaskClub cut Peoples Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, January 3rd. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $34.00 target price on shares of Peoples Bancorp in a research report on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. Peoples Bancorp currently has a consensus rating of “Hold” and an average price target of $34.67.
Shares of Peoples Bancorp (PEBO) traded up $0.35 during trading on Wednesday, reaching $33.75. The company’s stock had a trading volume of 28,371 shares, compared to its average volume of 25,029. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.43. Peoples Bancorp has a 12-month low of $29.55 and a 12-month high of $35.43. The firm has a market capitalization of $604.56, a PE ratio of 16.71, a PEG ratio of 2.19 and a beta of 0.73.
Large investors have recently made changes to their positions in the stock. Thrivent Financial For Lutherans lifted its holdings in Peoples Bancorp by 2.7% during the second quarter. Thrivent Financial For Lutherans now owns 23,050 shares of the bank’s stock worth $741,000 after acquiring an additional 600 shares during the period. Context BH Capital Management LP lifted its holdings in Peoples Bancorp by 1.6% during the second quarter. Context BH Capital Management LP now owns 37,404 shares of the bank’s stock worth $1,202,000 after acquiring an additional 600 shares during the period. Voya Investment Management LLC lifted its holdings in Peoples Bancorp by 8.4% during the second quarter. Voya Investment Management LLC now owns 12,654 shares of the bank’s stock worth $407,000 after acquiring an additional 983 shares during the period. Sii Investments Inc. WI lifted its holdings in Peoples Bancorp by 6.2% during the second quarter. Sii Investments Inc. WI now owns 19,980 shares of the bank’s stock worth $637,000 after acquiring an additional 1,170 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in Peoples Bancorp by 4.8% during the second quarter. Victory Capital Management Inc. now owns 33,659 shares of the bank’s stock worth $1,081,000 after acquiring an additional 1,535 shares during the period. 63.50% of the stock is currently owned by 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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