Peoples Bancorp Inc. (NASDAQ:PEBO) – Stock analysts at Boenning Scattergood lowered their FY2018 EPS estimates for shares of Peoples Bancorp in a report issued on Wednesday, Zacks Investment Research reports. Boenning Scattergood analyst S. Beury now expects that the bank will post earnings of $1.81 per share for the year, down from their prior estimate of $2.10. Boenning Scattergood currently has a “Hold” rating on the stock.
Peoples Bancorp (NASDAQ:PEBO) last released its earnings results on Tuesday, October 24th. The bank reported $0.60 earnings per share 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%.
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A number of other research firms also recently weighed in on PEBO. Zacks Investment Research raised Peoples Bancorp from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a report on Friday, October 27th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $34.00 price objective on shares of Peoples Bancorp in a report on Tuesday, October 3rd. Finally, BidaskClub downgraded Peoples Bancorp from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $35.00.
Shares of Peoples Bancorp (NASDAQ:PEBO) opened at $31.64 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a market capitalization of $578.41, a P/E ratio of 16.23, a price-to-earnings-growth ratio of 1.87 and a beta of 0.73. Peoples Bancorp has a 1-year low of $26.20 and a 1-year high of $35.43.
Large investors have recently bought and sold shares of the company. SG Americas Securities LLC bought a new position in shares of Peoples Bancorp in the third quarter valued at approximately $103,000. Park National Corp OH bought a new position in shares of Peoples Bancorp in the second quarter valued at approximately $203,000. Citigroup Inc. raised its stake in shares of 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 acquiring an additional 5,244 shares during the last quarter. Goldman Sachs Group Inc. bought a new position in shares of Peoples Bancorp in the first quarter valued at approximately $217,000. Finally, Highbridge Capital Management LLC bought a new position in shares of Peoples Bancorp in the first quarter valued at approximately $232,000. Institutional investors own 62.63% of the company’s stock.
In other news, Director S Craig Beam sold 975 shares of Peoples Bancorp stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $34.00, for a total value of $33,150.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 12,895 shares of company stock valued at $433,159 in the last quarter. 3.04% of the stock is currently owned by corporate insiders.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 17th. Stockholders of record on Friday, November 3rd will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date of this dividend is Thursday, November 2nd. Peoples Bancorp’s dividend payout ratio (DPR) is currently 43.56%.
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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