Q2 2024 Earnings Forecast for Peoples Bancorp Inc. Issued By DA Davidson (NASDAQ:PEBO)

Peoples Bancorp Inc. (NASDAQ:PEBO) – Equities research analysts at DA Davidson issued their Q2 2024 earnings per share (EPS) estimates for shares of Peoples Bancorp in a report issued on Thursday, April 25th. DA Davidson analyst M. Navas anticipates that the bank will earn $0.83 per share for the quarter. The consensus estimate for Peoples Bancorp’s current full-year earnings is $3.35 per share. DA Davidson also issued estimates for Peoples Bancorp’s FY2024 earnings at $3.50 EPS.

PEBO has been the topic of a number of other reports. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $33.00 price objective (down from $36.00) on shares of Peoples Bancorp in a research note on Wednesday. Stephens reiterated an “equal weight” rating and set a $34.00 price objective on shares of Peoples Bancorp in a report on Wednesday. Hovde Group initiated coverage on Peoples Bancorp in a report on Monday, April 1st. They set a “market perform” rating and a $31.00 price objective for the company. StockNews.com raised Peoples Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Piper Sandler initiated coverage on Peoples Bancorp in a research report on Friday, February 23rd. They set an “overweight” rating and a $34.00 target price on the stock. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Peoples Bancorp has a consensus rating of “Hold” and a consensus target price of $33.40.

Peoples Bancorp Price Performance

Shares of PEBO opened at $29.76 on Friday. 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 stock has a market cap of $1.06 billion, a PE ratio of 8.91 and a beta of 0.76. Peoples Bancorp has a 12-month low of $23.05 and a 12-month high of $34.85. The business has a 50-day simple moving average of $28.33 and a two-hundred day simple moving average of $29.38.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. lifted its holdings in Peoples Bancorp by 136.5% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 78,527 shares of the bank’s stock worth $1,993,000 after buying an additional 45,328 shares during the period. Brown Advisory Inc. bought a new stake in Peoples Bancorp in the third quarter valued at $5,383,000. Peoples Bank OH increased its position in Peoples Bancorp by 0.9% during the 3rd quarter. Peoples Bank OH now owns 609,323 shares of the bank’s stock valued at $15,465,000 after purchasing an additional 5,721 shares during the period. Inspire Investing LLC bought a new stake in shares of Peoples Bancorp during the 3rd quarter valued at about $934,000. Finally, River Oaks Capital LLC increased its position in shares of Peoples Bancorp by 366.0% during the third quarter. River Oaks Capital LLC now owns 109,500 shares of the bank’s stock valued at $2,779,000 after buying an additional 86,000 shares during the period. Institutional investors own 60.68% of the company’s stock.

Peoples Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Monday, May 6th will be paid a dividend of $0.40 per share. This is a boost from Peoples Bancorp’s previous quarterly dividend of $0.39. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.38%. The ex-dividend date is Friday, May 3rd. Peoples Bancorp’s dividend payout ratio (DPR) is 46.71%.

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.