Peoples Bancorp (PEBO) to Release Earnings on Tuesday

Peoples Bancorp (NASDAQ:PEBO) will post its quarterly earnings results before the market opens on Tuesday, April 23rd. Analysts expect Peoples Bancorp to post earnings of $0.81 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Peoples Bancorp (NASDAQ:PEBO) last announced its earnings results on Tuesday, January 23rd. The bank reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.10. Peoples Bancorp had a return on equity of 13.47% and a net margin of 21.52%. The firm had revenue of $112.92 million during the quarter, compared to analyst estimates of $115.00 million. On average, analysts expect Peoples Bancorp to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Peoples Bancorp Stock Up 3.4 %

Shares of NASDAQ:PEBO opened at $28.49 on Friday. Peoples Bancorp has a 52-week low of $23.05 and a 52-week high of $34.85. The firm has a market capitalization of $1.01 billion, a P/E ratio of 8.23 and a beta of 0.76. The stock has a 50 day moving average price of $28.23 and a 200-day moving average price of $29.25. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.83 and a current ratio of 0.83.

Peoples Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 20th. Stockholders of record on Monday, February 5th were given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 5.48%. The ex-dividend date of this dividend was Friday, February 2nd. Peoples Bancorp’s dividend payout ratio is currently 45.09%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Hovde Group assumed coverage on Peoples Bancorp in a research report on Monday, April 1st. They issued a “market perform” rating and a $31.00 target price for the company. Piper Sandler assumed coverage on Peoples Bancorp in a research report on Friday, February 23rd. They set an “overweight” rating and a $34.00 price objective for the company. Finally, StockNews.com lowered Peoples Bancorp from a “hold” rating to a “sell” rating in a research report on Friday.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Voya Investment Management LLC increased its holdings in shares of Peoples Bancorp by 2.4% in the 4th quarter. Voya Investment Management LLC now owns 14,951 shares of the bank’s stock worth $505,000 after purchasing an additional 346 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Peoples Bancorp by 0.9% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 41,300 shares of the bank’s stock worth $1,099,000 after purchasing an additional 364 shares in the last quarter. BNP Paribas Arbitrage SNC increased its holdings in shares of Peoples Bancorp by 4.0% in the 3rd quarter. BNP Paribas Arbitrage SNC now owns 10,909 shares of the bank’s stock worth $316,000 after purchasing an additional 415 shares in the last quarter. American International Group Inc. increased its holdings in shares of Peoples Bancorp by 3.4% in the 2nd quarter. American International Group Inc. now owns 13,022 shares of the bank’s stock worth $346,000 after purchasing an additional 429 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of Peoples Bancorp by 1.4% in the 4th quarter. Legal & General Group Plc now owns 30,835 shares of the bank’s stock worth $1,041,000 after purchasing an additional 438 shares in the last quarter. Institutional investors own 60.68% of the company’s stock.

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.