$0.69 Earnings Per Share Expected for Peoples Bancorp Inc. (PEBO) This Quarter

Equities research analysts predict that Peoples Bancorp Inc. (NASDAQ:PEBO) will report earnings per share of $0.69 for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Peoples Bancorp’s earnings, with estimates ranging from $0.65 to $0.71. Peoples Bancorp posted earnings per share of $0.56 during the same quarter last year, which would suggest a positive year over year growth rate of 23.2%. The business is scheduled to announce its next quarterly earnings report before the market opens on Tuesday, April 23rd.

On average, analysts expect that Peoples Bancorp will report full year earnings of $2.83 per share for the current financial year, with EPS estimates ranging from $2.74 to $2.90. For the next year, analysts forecast that the business will post earnings of $3.08 per share, with EPS estimates ranging from $3.01 to $3.12. Zacks Investment Research’s earnings per share calculations 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, January 22nd. The bank reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.03. Peoples Bancorp had a return on equity of 9.94% and a net margin of 22.18%. The firm had revenue of $48.30 million for the quarter, compared to the consensus estimate of $47.74 million.

PEBO has been the topic of several recent analyst reports. Zacks Investment Research downgraded Peoples Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, February 21st. ValuEngine upgraded Peoples Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. BidaskClub downgraded Peoples Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, March 6th. Finally, Boenning Scattergood reiterated a “hold” rating on shares of Peoples Bancorp in a report on Friday, January 25th. Three analysts have rated the stock with a sell rating and two have given a hold rating to the company. The stock presently has an average rating of “Sell” and an average price target of $38.50.

Shares of NASDAQ PEBO traded down $0.23 during midday trading on Friday, hitting $30.97. The company’s stock had a trading volume of 50,610 shares, compared to its average volume of 57,166. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.83 and a current ratio of 0.83. Peoples Bancorp has a 12-month low of $28.35 and a 12-month high of $39.58. The company has a market cap of $609.49 million, a price-to-earnings ratio of 11.73, a PEG ratio of 1.38 and a beta of 0.77.

In other Peoples Bancorp news, Director George W. Broughton sold 1,000 shares of the firm’s stock in a transaction on Monday, January 28th. The stock was sold at an average price of $32.33, for a total transaction of $32,330.00. Following the transaction, the director now directly owns 149,756 shares in the company, valued at approximately $4,841,611.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director George W. Broughton sold 2,000 shares of the firm’s stock in a transaction on Friday, January 25th. The stock was sold at an average price of $32.65, for a total value of $65,300.00. Following the transaction, the director now owns 150,756 shares in the company, valued at $4,922,183.40. The disclosure for this sale can be found here. Company insiders own 2.89% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. increased its holdings in Peoples Bancorp by 58.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,809 shares of the bank’s stock worth $85,000 after purchasing an additional 1,033 shares during the period. Acadian Asset Management LLC purchased a new position in Peoples Bancorp during the 4th quarter worth $102,000. Metropolitan Life Insurance Co. NY increased its holdings in Peoples Bancorp by 321.2% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 5,501 shares of the bank’s stock worth $166,000 after purchasing an additional 4,195 shares during the period. Citigroup Inc. increased its holdings in Peoples Bancorp by 18.0% during the 4th quarter. Citigroup Inc. now owns 5,669 shares of the bank’s stock worth $171,000 after purchasing an additional 863 shares during the period. Finally, Paloma Partners Management Co purchased a new position in Peoples Bancorp during the 3rd quarter worth $354,000. Institutional investors own 60.07% 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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Earnings History and Estimates for Peoples Bancorp (NASDAQ:PEBO)

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