FY2025 EPS Estimates for Peoples Bancorp Reduced by Analyst

Peoples Bancorp Inc. (NASDAQ:PEBO - Free Report) - Equities researchers at DA Davidson reduced their FY2025 earnings estimates for Peoples Bancorp in a research report issued on Thursday, December 19th. DA Davidson analyst M. Navas now expects that the bank will post earnings per share of $3.30 for the year, down from their prior estimate of $3.35. The consensus estimate for Peoples Bancorp's current full-year earnings is $3.31 per share.

Other analysts also recently issued reports about the stock. Piper Sandler cut their price objective on shares of Peoples Bancorp from $39.00 to $36.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 23rd. Keefe, Bruyette & Woods increased their price target on shares of Peoples Bancorp from $32.00 to $36.00 and gave the company a "market perform" rating in a report on Wednesday, December 4th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $34.25.

Peoples Bancorp Stock Down 0.3 %

Shares of NASDAQ:PEBO traded down $0.09 on Monday, hitting $32.15. 91,064 shares of the company traded hands, compared to its average volume of 126,444. The stock has a 50 day simple moving average of $33.54 and a 200-day simple moving average of $31.52. 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 company has a market cap of $1.14 billion, a PE ratio of 9.16 and a beta of 0.77. Peoples Bancorp has a 52 week low of $26.74 and a 52 week high of $37.07.

Peoples Bancorp (NASDAQ:PEBO - Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The bank reported $0.89 earnings per share for the quarter, beating analysts' consensus estimates of $0.82 by $0.07. Peoples Bancorp had a return on equity of 11.84% and a net margin of 20.16%. The company had revenue of $158.41 million during the quarter, compared to analyst estimates of $112.30 million. During the same quarter last year, the company earned $1.06 EPS.

Peoples Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Monday, November 4th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 4.98%. The ex-dividend date of this dividend was Monday, November 4th. Peoples Bancorp's dividend payout ratio is currently 45.58%.

Insider Buying and Selling at Peoples Bancorp

In related news, Director S Craig Beam sold 4,000 shares of the company's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $34.31, for a total transaction of $137,240.00. Following the completion of the sale, the director now owns 23,760 shares in the company, valued at approximately $815,205.60. This represents a 14.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David F. Dierker sold 2,000 shares of the firm'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 completion of the transaction, the director now directly owns 1,214 shares in the company, valued at $42,927.04. The trade was a 62.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,445 shares of company stock worth $393,806. Company insiders own 3.46% of the company's stock.

Institutional Investors Weigh In On Peoples Bancorp

Hedge funds and other institutional investors have recently made changes to their positions in the business. nVerses Capital LLC bought a new stake in Peoples Bancorp during the second quarter valued at approximately $27,000. FMR LLC boosted its stake in shares of Peoples Bancorp by 42.0% during the 3rd quarter. FMR LLC now owns 1,252 shares of the bank's stock worth $38,000 after acquiring an additional 370 shares during the last quarter. Innealta Capital LLC bought a new stake in shares of Peoples Bancorp during the 2nd quarter valued at $46,000. CWM LLC increased its stake in shares of Peoples Bancorp by 503.9% in the 3rd quarter. CWM LLC now owns 1,860 shares of the bank's stock worth $56,000 after purchasing an additional 1,552 shares in the last quarter. Finally, Quest Partners LLC raised its holdings in Peoples Bancorp by 20,273.3% in the 2nd quarter. Quest Partners LLC now owns 3,056 shares of the bank's stock worth $92,000 after purchasing an additional 3,041 shares during the period. Hedge funds and other 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.