Peoples Bancorp Inc. (NASDAQ:PEBO) Expected to Earn Q3 2024 Earnings of $0.81 Per Share

Peoples Bancorp Inc. (NASDAQ:PEBO) – Equities researchers at DA Davidson issued their Q3 2024 EPS estimates for Peoples Bancorp in a research report issued on Thursday, July 25th. DA Davidson analyst M. Navas forecasts that the bank will post earnings of $0.81 per share for the quarter. The consensus estimate for Peoples Bancorp’s current full-year earnings is $3.46 per share. DA Davidson also issued estimates for Peoples Bancorp’s FY2024 earnings at $3.25 EPS and FY2025 earnings at $3.40 EPS.

A number of other equities research analysts have also recently commented on PEBO. StockNews.com raised shares of Peoples Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, April 27th. Hovde Group assumed coverage on shares of Peoples Bancorp in a research note on Monday, April 1st. They set a “market perform” rating and a $31.00 price target on the stock. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $33.00 price target (down from $36.00) on shares of Peoples Bancorp in a research note on Wednesday, April 24th. Finally, Stephens reiterated an “equal weight” rating and set a $34.00 price target on shares of Peoples Bancorp in a research note on Wednesday, April 24th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $33.00.

Peoples Bancorp Price Performance

Shares of NASDAQ:PEBO opened at $34.30 on Friday. The company has a 50-day simple moving average of $29.93 and a 200-day simple moving average of $29.41. Peoples Bancorp has a one year low of $24.84 and a one year high of $34.85. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of 10.27 and a beta of 0.76.

Peoples Bancorp (NASDAQ:PEBO) last announced its earnings results on Tuesday, July 23rd. The bank reported $0.84 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.01). Peoples Bancorp had a net margin of 20.58% and a return on equity of 12.89%. The business had revenue of $154.47 million during the quarter, compared to analysts’ expectations of $111.30 million. During the same period in the previous year, the company posted $0.83 earnings per share.

Peoples Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 19th. Shareholders of record on Monday, August 5th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, August 5th. This represents a $1.60 annualized dividend and a yield of 4.66%. Peoples Bancorp’s payout ratio is currently 47.90%.

Insiders Place Their Bets

In other Peoples Bancorp news, CEO Tyler J. Wilcox sold 8,621 shares of the company’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $29.01, for a total transaction of $250,095.21. Following the transaction, the chief executive officer now directly owns 40,231 shares in the company, valued at $1,167,101.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Peoples Bancorp news, CEO Tyler J. Wilcox sold 8,621 shares of the company’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $29.01, for a total transaction of $250,095.21. Following the transaction, the chief executive officer now directly owns 40,231 shares in the company, valued at $1,167,101.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director David F. Dierker sold 4,000 shares of the company’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $32.07, for a total transaction of $128,280.00. Following the transaction, the director now owns 13,330 shares in the company, valued at $427,493.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,865 shares of company stock worth $417,060. 3.46% of the stock is owned by company insiders.

Institutional Trading of Peoples Bancorp

Institutional investors and hedge funds have recently modified their holdings of the business. AJOVista LLC purchased a new stake in shares of Peoples Bancorp in the fourth quarter valued at about $36,000. Future Financial Wealth Managment LLC purchased a new position in shares of Peoples Bancorp during the first quarter valued at approximately $118,000. EntryPoint Capital LLC purchased a new position in shares of Peoples Bancorp during the first quarter valued at approximately $129,000. Bfsg LLC purchased a new position in shares of Peoples Bancorp during the fourth quarter valued at approximately $174,000. Finally, Sapient Capital LLC purchased a new position in shares of Peoples Bancorp during the fourth quarter valued at approximately $226,000. Hedge funds and other institutional investors own 60.68% of the company’s stock.

About Peoples Bancorp

Peoples Bancorp Inc operates as the holding company for Peoples Bank that provides commercial and consumer banking products and services. The company accepts various deposit products, including demand deposit accounts, savings accounts, money market accounts, certificates of deposit, and governmental deposits; and provides commercial and industrial, commercial real estate, construction, finance, residential real estate, and consumer indirect and direct loans, as well as home equity lines of credit and overdrafts.