Zacks: Analysts expect Peoples Bancorp Inc. (NASDAQ:PEBO) to report earnings of $0.73 per share
Stock analysts expect Peoples Bancorp Inc. (NASDAQ:PEBO) to report earnings per share of $0.73 for the current quarter, reports Zacks Investment Research. Two analysts provided earnings estimates for Peoples Bancorp, with the highest EPS estimate of $0.76 and the lowest estimate of $0.70. Peoples Bancorp reported earnings per share of $1.12 in the same quarter last year, which would indicate a negative 34.8% year-over-year growth rate. The company is expected to announce its next results before the market opens on Tuesday, January 25.
According to Zacks, analysts expect Peoples Bancorp to report annual earnings of $1.81 per share for the current fiscal year, with EPS estimates ranging from $1.77 to $1.85. For the next fiscal year, analysts expect the company to post earnings of $3.10 per share, with EPS estimates ranging from $2.98 to $3.15. Zacks earnings per share averages are an average based on a survey of sell-side analysts who follow Peoples Bancorp.
Peoples Bancorp Inc (NASDAQ:PEBO) last released quarterly earnings data on Monday, October 25. The bank reported ($0.28) EPS for the quarter, missing the consensus estimate of $0.47 per ($0.75). Peoples Bancorp posted a net margin of 17.38% and a return on equity of 9.87%. The company posted revenue of $59.28 million in the quarter, compared to analyst estimates of $58.54 million. During the same period of the previous year, the company posted EPS of $0.60.
Several research companies have weighed in on PEBO. Zacks Investment Research upgraded Peoples Bancorp from a “hold” rating to a “buy” rating and set a price target of $37.00 on the stock in a research report on Friday. Piper Sandler upgraded Peoples Bancorp from a “neutral” to an “overweight” rating and raised its price target for the stock from $32.00 to $35.00 in a Wednesday, September 22 research report . Five equity research analysts rated the stock with a buy rating. According to MarketBeat, Peoples Bancorp currently has an average rating of “Buy” and a consensus target price of $38.40.
Separately, director Michael N. Vittorio purchased 1,000 shares of the company in a transaction that took place on Tuesday, November 9. The shares were purchased at an average price of $32.80 per share, for a total transaction of $32,800.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, available on the SEC’s website. 3.01% of the shares are currently held by insiders of the company.
Several hedge funds and other institutional investors have recently changed their holdings in PEBO. American Century Companies Inc. bought a new position in shares of Peoples Bancorp in the second quarter for a value of $332,000. WINTON GROUP Ltd increased its stake in Peoples Bancorp by 35.2% in the second quarter. WINTON GROUP Ltd now owns 8,419 shares in the bank valued at $249,000 after buying an additional 2,192 shares last quarter. Citigroup Inc. increased its stake in Peoples Bancorp by 211.8% in the second quarter. Citigroup Inc. now owns 6,061 shares of the bank valued at $180,000 after buying 4,117 more shares last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Peoples Bancorp in the second quarter valued at approximately $249,000. Finally, Shell Asset Management Co. increased its stake in Peoples Bancorp by 14.4% in the second quarter. Shell Asset Management Co. now owns 28,274 shares of the bank valued at $837,000 after buying 3,549 additional shares last quarter. Institutional investors hold 48.86% of the company’s shares.
PEBO opened at $33.60 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt ratio of 0.12. The stock has a market capitalization of $949.97 million, a PE ratio of 16.23 and a beta of 0.87. The stock’s fifty-day simple moving average is $32.15 and its 200-day simple moving average is $31.18. Peoples Bancorp has a 1 year minimum of $27.72 and a 1 year maximum of $36.75.
The company also recently declared a quarterly dividend, which was paid on Monday, November 22. Investors of record on Monday, November 8 received a dividend of $0.36. This represents a dividend of $1.44 on an annualized basis and a dividend yield of 4.29%. The ex-dividend date was Friday, November 5. Peoples Bancorp’s payout ratio is currently 69.57%.
Peoples Bancorp Company Profile
Peoples Bancorp, Inc operates as a financial holding company, providing banking, investment, insurance and trust solutions. It offers various demand deposit accounts, savings accounts, money market accounts and certificates of deposit; commercial, consumer, real estate mortgages and lines of credit; debit and ATM cards; personal and business credit cards; credit card transaction processing services for merchants; fiduciary services for businesses and individuals; safe rental facilities; money orders and bank cheques; life, health, property and accident insurance products; brokerage services; and bespoke trust services, employee benefit plans, and asset management and administration services.
Feature article: What is a CD ladder?
Get a Free Copy of Zacks Research Report on Peoples Bancorp (PEBO)
For more information on Zacks Investment Research’s research offerings, visit Zacks.com
This instant news alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in Peoples Bancorp right now?
Before you consider Peoples Bancorp, you’ll want to hear this.
MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market ripples…and Peoples Bancorp was not on the list.
Although Peoples Bancorp currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here