DA Davidson Weighs in on Peoples Bancorp Q4 Earnings

Peoples Bancorp Inc. (NASDAQ:PEBO) – Research analysts at DA Davidson issued their Q4 2024 earnings estimates for shares of Peoples Bancorp in a note issued to investors on Thursday, October 24th. DA Davidson analyst M. Navas anticipates that the bank will post earnings of $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.

Peoples Bancorp (NASDAQ:PEBO) last released its quarterly earnings data on Tuesday, October 22nd. The bank reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.07. The business 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 period in the previous year, the company earned $1.06 EPS.

Separately, Piper Sandler reduced their price target on shares of Peoples Bancorp from $39.00 to $36.00 and set an “overweight” rating for the company in a research report on Wednesday. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $33.50.

Peoples Bancorp Price Performance

Shares of PEBO opened at $30.38 on Friday. Peoples Bancorp has a 1-year low of $25.58 and a 1-year high of $34.85. The stock has a market cap of $1.08 billion, a PE ratio of 9.10 and a beta of 0.75. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a fifty day moving average price of $30.61 and a 200 day moving average price of $30.13.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of PEBO. American Century Companies Inc. increased its stake in Peoples Bancorp by 26.7% in the second quarter. American Century Companies Inc. now owns 586,015 shares of the bank’s stock valued at $17,580,000 after purchasing an additional 123,423 shares during the period. AQR Capital Management LLC increased its stake in shares of Peoples Bancorp by 158.5% during the second quarter. AQR Capital Management LLC now owns 57,631 shares of the bank’s stock worth $1,729,000 after acquiring an additional 35,333 shares during the period. Pathway Financial Advisers LLC acquired a new position in shares of Peoples Bancorp during the first quarter worth about $1,011,000. Hantz Financial Services Inc. acquired a new position in shares of Peoples Bancorp during the second quarter worth about $981,000. Finally, Black Maple Capital Management LP acquired a new position in shares of Peoples Bancorp during the first quarter worth about $966,000. 60.68% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Peoples Bancorp

In other Peoples Bancorp news, Director David F. Dierker sold 1,000 shares of Peoples Bancorp stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $30.36, for a total value of $30,360.00. Following the transaction, the director now directly owns 10,330 shares in the company, valued at approximately $313,618.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders have sold 2,541 shares of company stock worth $77,406. 3.46% of the stock is owned by company insiders.

Peoples Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Monday, November 4th will be paid a $0.40 dividend. The ex-dividend date is Monday, November 4th. This represents a $1.60 dividend on an annualized basis and a yield of 5.27%. Peoples Bancorp’s dividend payout ratio is presently 47.90%.

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.