Peoples Bancorp (NASDAQ:PEBO) Releases Earnings Results, Beats Estimates By $0.07 EPS

Peoples Bancorp (NASDAQ:PEBO) released its earnings results on Tuesday. The bank reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.07, Briefing.com reports. The company had revenue of $158.41 million for the quarter, compared to the consensus estimate of $112.30 million. Peoples Bancorp had a return on equity of 12.76% and a net margin of 20.58%. During the same period in the previous year, the business earned $1.06 earnings per share.

Peoples Bancorp Price Performance

Shares of NASDAQ PEBO opened at $30.96 on Thursday. The business’s 50 day moving average price is $30.58 and its 200 day moving average price is $30.11. The firm has a market cap of $1.10 billion, a P/E ratio of 8.80 and a beta of 0.75. Peoples Bancorp has a 52 week low of $25.04 and a 52 week high of $34.85. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.22.

Peoples Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Monday, November 4th will be issued a dividend of $0.40 per share. The ex-dividend date is Monday, November 4th. This represents a $1.60 annualized dividend and a dividend yield of 5.17%. Peoples Bancorp’s dividend payout ratio (DPR) is currently 45.45%.

Insider Activity at Peoples Bancorp

In other news, Director Carol A. Schneeberger sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $30.33, for a total transaction of $30,330.00. Following the completion of the transaction, the director now directly owns 29,963 shares of the company’s stock, valued at $908,777.79. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders have sold a total of 2,121 shares of company stock worth $64,340 over the last quarter. Insiders own 3.46% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Piper Sandler lowered their price objective on Peoples Bancorp from $39.00 to $36.00 and set an “overweight” rating on the stock in a research report on Wednesday. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, Peoples Bancorp presently has a consensus rating of “Hold” and a consensus target price of $33.50.

Peoples Bancorp Company Profile

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.