Peoples Bancorp Inc. (NASDAQ:PEBO) – DA Davidson boosted their Q3 2019 earnings per share (EPS) estimates for Peoples Bancorp in a research note issued on Friday, November 2nd. DA Davidson analyst K. Reevey now forecasts that the bank will post earnings of $0.73 per share for the quarter, up from their prior estimate of $0.71. DA Davidson also issued estimates for Peoples Bancorp’s Q4 2019 earnings at $0.81 EPS, FY2019 earnings at $2.89 EPS and FY2020 earnings at $3.22 EPS.
Peoples Bancorp (NASDAQ:PEBO) last released its earnings results on Tuesday, October 23rd. The bank reported $0.69 EPS for the quarter, topping the consensus estimate of $0.66 by $0.03. Peoples Bancorp had a net margin of 20.72% and a return on equity of 9.80%. The firm had revenue of $47.68 million for the quarter, compared to the consensus estimate of $47.46 million.
Several other equities analysts also recently commented on the stock. BidaskClub raised shares of Peoples Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, October 11th. ValuEngine downgraded shares of Peoples Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd. Boenning Scattergood reissued a “hold” rating on shares of Peoples Bancorp in a report on Tuesday, October 23rd. Hovde Group set a $40.00 target price on shares of Peoples Bancorp and gave the stock a “hold” rating in a report on Wednesday, July 25th. Finally, Zacks Investment Research downgraded shares of Peoples Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, July 31st. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Peoples Bancorp has a consensus rating of “Hold” and a consensus price target of $38.00.
PEBO stock opened at $33.93 on Monday. Peoples Bancorp has a one year low of $30.84 and a one year high of $39.58. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $668.51 million, a PE ratio of 14.88, a P/E/G ratio of 1.63 and a beta of 0.62.
The business also recently announced a quarterly dividend, which will be paid on Monday, November 19th. Stockholders of record on Monday, November 5th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.54%. The ex-dividend date is Friday, November 2nd. This is an increase from Peoples Bancorp’s previous quarterly dividend of $0.28. Peoples Bancorp’s payout ratio is 49.12%.
In other news, Director George W. Broughton sold 4,366 shares of the business’s stock in a transaction on Friday, November 2nd. The shares were sold at an average price of $34.07, for a total value of $148,749.62. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 3.03% of the stock is currently owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its stake in Peoples Bancorp by 5.7% during the second quarter. Dimensional Fund Advisors LP now owns 1,489,761 shares of the bank’s stock valued at $56,283,000 after purchasing an additional 80,555 shares in the last quarter. BlackRock Inc. raised its stake in Peoples Bancorp by 8.1% during the second quarter. BlackRock Inc. now owns 1,411,624 shares of the bank’s stock valued at $53,334,000 after purchasing an additional 106,316 shares in the last quarter. Peoples Bank OH raised its stake in Peoples Bancorp by 4.7% during the third quarter. Peoples Bank OH now owns 1,159,026 shares of the bank’s stock valued at $40,601,000 after purchasing an additional 51,516 shares in the last quarter. Renaissance Technologies LLC raised its stake in Peoples Bancorp by 21.1% during the second quarter. Renaissance Technologies LLC now owns 456,579 shares of the bank’s stock valued at $17,250,000 after purchasing an additional 79,400 shares in the last quarter. Finally, Northern Trust Corp raised its stake in Peoples Bancorp by 9.8% during the second quarter. Northern Trust Corp now owns 215,897 shares of the bank’s stock valued at $8,157,000 after purchasing an additional 19,241 shares in the last quarter. 61.57% of the stock is currently owned by institutional investors.
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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