Peoples Bancorp (PEBO) Expected to Announce Earnings on Tuesday

Peoples Bancorp (NASDAQ:PEBO) is projected to announce its earnings results before the market opens on Tuesday, January 21st. Analysts expect the company to announce earnings of $0.75 per share and revenue of $109,670.00 billion for the quarter.

Peoples Bancorp (NASDAQ:PEBO) last announced its quarterly earnings results on Tuesday, October 22nd. The bank reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.07. Peoples Bancorp had a return on equity of 11.84% and a net margin of 20.16%. The business had revenue of $158.41 million during the quarter, compared to analyst estimates of $112.30 million. During the same period in the previous year, the company earned $1.06 EPS. On average, analysts expect Peoples Bancorp to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Peoples Bancorp Stock Up 1.1 %

NASDAQ:PEBO traded up $0.34 during mid-day trading on Wednesday, reaching $31.55. The stock had a trading volume of 98,400 shares, compared to its average volume of 125,611. The stock has a market cap of $1.12 billion, a P/E ratio of 8.99 and a beta of 0.79. The business’s 50 day moving average is $33.68 and its 200 day moving average is $31.85. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.83 and a quick ratio of 0.83. Peoples Bancorp has a fifty-two week low of $26.74 and a fifty-two week high of $37.07.

Peoples Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Monday, November 4th were paid a dividend of $0.40 per share. The ex-dividend date was Monday, November 4th. This represents a $1.60 annualized dividend and a dividend yield of 5.07%. Peoples Bancorp’s dividend payout ratio (DPR) is 45.58%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on PEBO shares. Keefe, Bruyette & Woods lifted their price objective on shares of Peoples Bancorp from $32.00 to $36.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Piper Sandler reduced their price target on Peoples Bancorp from $39.00 to $36.00 and set an “overweight” rating for the company in a research report on Wednesday, October 23rd. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Peoples Bancorp has a consensus rating of “Hold” and a consensus target price of $34.25.

Insider Activity

In other news, Director Carol A. Schneeberger sold 1,000 shares of Peoples Bancorp stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $31.02, for a total value of $31,020.00. Following the transaction, the director now directly owns 27,686 shares in the company, valued at approximately $858,819.72. The trade was a 3.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director David F. Dierker sold 2,000 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $35.36, for a total value of $70,720.00. Following the transaction, the director now directly owns 1,214 shares of the company’s stock, valued at $42,927.04. This represents a 62.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,420 shares of company stock valued at $424,076 over the last 90 days. 3.46% of the stock is currently owned by company insiders.

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.