Peoples Bancorp Inc. (NASDAQ:PEBO) – Equities research analysts at DA Davidson boosted their FY2019 earnings per share estimates for shares of Peoples Bancorp in a report released on Wednesday, April 24th, according to Zacks Investment Research. DA Davidson analyst K. Reevey now forecasts that the bank will earn $2.82 per share for the year, up from their previous estimate of $2.74.
A number of other equities analysts also recently issued reports on the stock. BidaskClub raised shares of Peoples Bancorp from a “strong sell” rating to a “sell” rating in a report on Wednesday. Boenning Scattergood reissued a “hold” rating on shares of Peoples Bancorp in a report on Wednesday, May 1st. Finally, Zacks Investment Research raised shares of Peoples Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, April 23rd. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. Peoples Bancorp presently has a consensus rating of “Hold” and a consensus price target of $38.50.
Shares of PEBO traded down $0.09 on Friday, reaching $32.68. The company’s stock had a trading volume of 106,317 shares, compared to its average volume of 29,997. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.20. The company has a market cap of $678.10 million, a price-to-earnings ratio of 12.38, a PEG ratio of 1.45 and a beta of 0.77. Peoples Bancorp has a 12-month low of $28.35 and a 12-month high of $39.58.
Peoples Bancorp (NASDAQ:PEBO) last posted its quarterly earnings data on Tuesday, April 23rd. The bank reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.06. The company had revenue of $49.34 million for the quarter, compared to the consensus estimate of $49.09 million. Peoples Bancorp had a net margin of 22.59% and a return on equity of 10.42%.
Several institutional investors have recently added to or reduced their stakes in PEBO. PNC Financial Services Group Inc. raised its position in shares of Peoples Bancorp by 58.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,809 shares of the bank’s stock valued at $85,000 after buying an additional 1,033 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of Peoples Bancorp during the fourth quarter valued at approximately $102,000. Great West Life Assurance Co. Can raised its position in shares of Peoples Bancorp by 99.8% during the first quarter. Great West Life Assurance Co. Can now owns 3,375 shares of the bank’s stock valued at $104,000 after buying an additional 1,686 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Peoples Bancorp by 438.7% during the first quarter. BNP Paribas Arbitrage SA now owns 3,685 shares of the bank’s stock valued at $114,000 after buying an additional 3,001 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Peoples Bancorp during the first quarter valued at approximately $152,000. Hedge funds and other institutional investors own 59.61% of the company’s stock.
In other Peoples Bancorp news, Director George W. Broughton sold 2,000 shares of Peoples Bancorp stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $31.94, for a total transaction of $63,880.00. Following the transaction, the director now owns 148,336 shares of the company’s stock, valued at $4,737,851.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director George W. Broughton sold 10,011 shares of Peoples Bancorp stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $32.40, for a total transaction of $324,356.40. Following the transaction, the director now directly owns 145,336 shares in the company, valued at approximately $4,708,886.40. The disclosure for this sale can be found here. 2.89% of the stock is owned by insiders.
The company also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, May 6th will be issued a dividend of $0.34 per share. The ex-dividend date is Friday, May 3rd. This represents a $1.36 annualized dividend and a yield of 4.16%. This is an increase from Peoples Bancorp’s previous quarterly dividend of $0.30. Peoples Bancorp’s payout ratio is currently 51.52%.
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.