Peoples Bancorp (NASDAQ:PEBO) Releases Earnings Results, Beats Estimates By $0.01 EPS

Peoples Bancorp (NASDAQ:PEBO) issued its earnings results on Tuesday. The bank reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.01, RTT News reports. Peoples Bancorp had a net margin of 18.90% and a return on equity of 11.07%. During the same period in the previous year, the business posted $1.04 EPS.

Peoples Bancorp Price Performance

Shares of PEBO opened at $32.20 on Thursday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.21. The business’s fifty day moving average is $33.25 and its 200 day moving average is $31.92. Peoples Bancorp has a 12-month low of $26.74 and a 12-month high of $37.07. The stock has a market cap of $1.14 billion, a P/E ratio of 9.73 and a beta of 0.79.

Peoples Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 4.97%. The ex-dividend date of this dividend is Monday, February 3rd. Peoples Bancorp’s dividend payout ratio (DPR) is currently 48.34%.

Analysts Set New Price Targets

PEBO has been the subject of several research analyst reports. Stephens reiterated an “equal weight” rating and set a $37.50 target price on shares of Peoples Bancorp in a research note on Wednesday. Piper Sandler upped their price objective on Peoples Bancorp from $39.00 to $40.00 and gave the company an “overweight” rating in a report on Wednesday. Keefe, Bruyette & Woods lifted their target price on Peoples Bancorp from $32.00 to $36.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Finally, DA Davidson decreased their target price on Peoples Bancorp from $42.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $36.90.

Insider Activity

In other Peoples Bancorp news, Director Carol A. Schneeberger sold 1,000 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $34.13, for a total value of $34,130.00. Following the completion of the transaction, the director now owns 29,322 shares in the company, valued at $1,000,759.86. This represents a 3.30 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director S Craig Beam sold 4,000 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $34.31, for a total value of $137,240.00. Following the transaction, the director now directly owns 23,760 shares of the company’s stock, valued at approximately $815,205.60. This trade represents a 14.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,000 shares of company stock worth $411,010 over the last three months. 3.46% of the stock is currently owned by insiders.

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.