Wall Street brokerages forecast that Peoples Bancorp Inc. (NASDAQ:PEBO) will announce $42.87 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Peoples Bancorp’s earnings, with the lowest sales estimate coming in at $42.30 million and the highest estimate coming in at $43.61 million. Peoples Bancorp posted sales of $40.28 million during the same quarter last year, which suggests a positive year over year growth rate of 6.4%. The firm is expected to report its next earnings results on Tuesday, April 24th.
On average, analysts expect that Peoples Bancorp will report full-year sales of $42.87 million for the current financial year, with estimates ranging from $181.60 million to $187.84 million. For the next financial year, analysts expect that the business will report sales of $198.32 million per share, with estimates ranging from $193.40 million to $201.25 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Peoples Bancorp.
Several equities research analysts recently commented on PEBO shares. Zacks Investment Research cut Peoples Bancorp from a “buy” rating to a “hold” rating in a report on Friday, January 5th. BidaskClub raised Peoples Bancorp from a “hold” rating to a “buy” rating in a report on Monday, February 5th. Boenning Scattergood reaffirmed a “hold” rating on shares of Peoples Bancorp in a report on Wednesday, January 24th. Sandler O’Neill reissued a “hold” rating and set a $37.00 target price on shares of Peoples Bancorp in a research note on Tuesday, January 23rd. Finally, ValuEngine raised Peoples Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday, February 3rd. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Peoples Bancorp presently has an average rating of “Hold” and a consensus target price of $35.25.
In other Peoples Bancorp news, Director Terry Thomas Sweet bought 2,000 shares of the business’s stock in a transaction on Monday, December 4th. The stock was bought at an average price of $33.97 per share, with a total value of $67,940.00. Following the completion of the purchase, the director now directly owns 4,767 shares in the company, valued at $161,934.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.04% of the stock is owned by company insiders.
Hedge funds have recently bought and sold shares of the business. Foundry Partners LLC increased its stake in Peoples Bancorp by 5.6% during the third quarter. Foundry Partners LLC now owns 227,360 shares of the bank’s stock worth $7,637,000 after acquiring an additional 11,975 shares during the last quarter. State Street Corp increased its stake in Peoples Bancorp by 32.5% during the second quarter. State Street Corp now owns 403,950 shares of the bank’s stock worth $12,976,000 after acquiring an additional 99,066 shares during the last quarter. Nationwide Fund Advisors increased its stake in Peoples Bancorp by 40.6% during the third quarter. Nationwide Fund Advisors now owns 58,312 shares of the bank’s stock worth $1,959,000 after acquiring an additional 16,825 shares during the last quarter. Vanguard Group Inc. increased its stake in Peoples Bancorp by 8.5% during the second quarter. Vanguard Group Inc. now owns 739,754 shares of the bank’s stock worth $23,768,000 after acquiring an additional 58,021 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Peoples Bancorp by 2.1% during the third quarter. Dimensional Fund Advisors LP now owns 1,323,779 shares of the bank’s stock worth $44,466,000 after acquiring an additional 27,733 shares during the last quarter. 61.68% of the stock is owned by institutional investors.
Peoples Bancorp (NASDAQ PEBO) traded up $0.27 during trading hours on Thursday, hitting $35.36. The company had a trading volume of 39,150 shares, compared to its average volume of 50,446. Peoples Bancorp has a 12-month low of $29.55 and a 12-month high of $36.40. 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 $646.63, a PE ratio of 16.76, a PEG ratio of 2.00 and a beta of 0.75.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 20th. Shareholders of record on Monday, February 5th will be paid a dividend of $0.26 per share. This is a boost from Peoples Bancorp’s previous quarterly dividend of $0.22. The ex-dividend date is Friday, February 2nd. This represents a $1.04 annualized dividend and a yield of 2.94%. Peoples Bancorp’s dividend payout ratio (DPR) is 49.52%.
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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. Peoples Investment Company has one subsidiary, Peoples Capital Corporation.
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