DA Davidson Predicts Peoples Bancorp Q4 Earnings

Peoples Bancorp Inc. (NASDAQ:PEBO - Free Report) - Equities research analysts at DA Davidson issued their Q4 2024 earnings per share estimates for Peoples Bancorp in a research report issued to clients and investors on Thursday, October 24th. DA Davidson analyst M. Navas expects 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.

Separately, 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 report on Wednesday. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $33.50.

Peoples Bancorp Stock Down 2.8 %

NASDAQ PEBO traded down $0.86 during trading on Friday, reaching $30.38. 112,261 shares of the company's stock traded hands, compared to its average volume of 124,505. Peoples Bancorp has a 12-month low of $25.58 and a 12-month high of $34.85. 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 market cap of $1.08 billion, a price-to-earnings ratio of 9.08 and a beta of 0.75. The company's 50 day simple moving average is $30.61 and its two-hundred day simple moving average is $30.12.

Peoples Bancorp (NASDAQ:PEBO - Get Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The bank reported $0.89 EPS for the quarter, beating the consensus estimate of $0.82 by $0.07. Peoples Bancorp had a return on equity of 12.01% and a net margin of 20.16%. The firm had revenue of $158.41 million for the quarter, compared to analyst estimates of $112.30 million. During the same quarter last year, the firm posted $1.06 earnings per share.

Institutional Investors Weigh In On Peoples Bancorp

A number of large investors have recently modified their holdings of the business. Hennion & Walsh Asset Management Inc. boosted its stake in Peoples Bancorp by 17.7% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 12,652 shares of the bank's stock worth $375,000 after purchasing an additional 1,900 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Peoples Bancorp by 25.8% during the first quarter. Principal Financial Group Inc. now owns 16,844 shares of the bank's stock worth $499,000 after buying an additional 3,453 shares during the period. BNP Paribas Financial Markets grew its holdings in shares of Peoples Bancorp by 126.0% during the first quarter. BNP Paribas Financial Markets now owns 20,367 shares of the bank's stock valued at $603,000 after buying an additional 11,354 shares during the last quarter. Shoker Investment Counsel Inc. increased its position in shares of Peoples Bancorp by 1.2% in the 1st quarter. Shoker Investment Counsel Inc. now owns 30,433 shares of the bank's stock valued at $874,000 after acquiring an additional 363 shares during the period. Finally, Empowered Funds LLC raised its stake in Peoples Bancorp by 8.1% in the 1st quarter. Empowered Funds LLC now owns 134,697 shares of the bank's stock worth $3,988,000 after acquiring an additional 10,150 shares during the last quarter. Hedge funds and other institutional investors own 60.68% of the company's stock.

Insider Buying and Selling

In other Peoples Bancorp news, Director David F. Dierker sold 1,000 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the director now directly owns 10,330 shares in the company, valued at $313,618.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 2,541 shares of company stock worth $77,406 in the last 90 days. 3.46% of the stock is owned by corporate insiders.

Peoples Bancorp Dividend Announcement

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

About Peoples Bancorp

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.