DA Davidson Forecasts Peoples Bancorp Q4 Earnings

Peoples Bancorp Inc. (NASDAQ:PEBO) – Investment analysts at DA Davidson issued their Q4 2024 earnings per share estimates for Peoples Bancorp in a research note issued to investors on Thursday, October 24th. DA Davidson analyst M. Navas anticipates that the bank will earn $0.73 per share for the quarter. The consensus estimate for Peoples Bancorp’s current full-year earnings is $3.29 per share. DA Davidson also issued estimates for Peoples Bancorp’s FY2025 earnings at $3.35 EPS.

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

Peoples Bancorp Stock Performance

NASDAQ PEBO opened at $31.24 on Friday. The company has a 50-day simple moving average of $30.61 and a two-hundred day simple moving average of $30.12. Peoples Bancorp has a 12-month low of $25.24 and a 12-month high of $34.85. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 8.90 and a beta of 0.75. 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 (NASDAQ:PEBO) last announced its quarterly earnings data on Tuesday, October 22nd. The bank reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.07. The company had revenue of $158.41 million during the quarter, compared to analysts’ expectations of $112.30 million. Peoples Bancorp had a net margin of 20.16% and a return on equity of 12.01%. During the same quarter in the prior year, the company earned $1.06 EPS.

Institutional Investors Weigh In On Peoples Bancorp

A number of large investors have recently modified their holdings of PEBO. nVerses Capital LLC purchased a new stake in Peoples Bancorp in the second quarter worth about $27,000. Innealta Capital LLC purchased a new position in shares of Peoples Bancorp in the 2nd quarter valued at approximately $46,000. CWM LLC boosted its position in shares of Peoples Bancorp by 503.9% during the third quarter. CWM LLC now owns 1,860 shares of the bank’s stock valued at $56,000 after purchasing an additional 1,552 shares in the last quarter. Quest Partners LLC grew its stake in Peoples Bancorp by 20,273.3% in the second quarter. Quest Partners LLC now owns 3,056 shares of the bank’s stock worth $92,000 after purchasing an additional 3,041 shares during the period. Finally, Future Financial Wealth Managment LLC bought a new position in Peoples Bancorp in the third quarter worth $123,000. Institutional investors own 60.68% of the company’s stock.

Insider Buying and Selling

In other Peoples Bancorp news, Director David F. Dierker sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $30.36, for a total transaction of $30,360.00. Following the completion of the transaction, the director now owns 10,330 shares of the company’s stock, valued at $313,618.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have sold 2,121 shares of company stock valued at $64,340 over the last ninety days. 3.46% of the stock is owned by insiders.

Peoples Bancorp Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a dividend yield of 5.12%. Peoples Bancorp’s dividend payout ratio is currently 45.58%.

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.