Peoples Bancorp FY2025 EPS Estimate Reduced by DA Davidson

Peoples Bancorp Inc. (NASDAQ:PEBO - Free Report) - Analysts at DA Davidson lowered their FY2025 earnings estimates for shares of Peoples Bancorp in a research report issued to clients and investors on Thursday, April 24th. DA Davidson analyst M. Navas now anticipates that the bank will earn $3.25 per share for the year, down from their previous forecast of $3.35. DA Davidson currently has a "Buy" rating and a $35.00 target price on the stock. The consensus estimate for Peoples Bancorp's current full-year earnings is $3.28 per share.

Peoples Bancorp (NASDAQ:PEBO - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The bank reported $0.69 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.04). The business had revenue of $113.00 million during the quarter, compared to analyst estimates of $112.76 million. Peoples Bancorp had a net margin of 18.90% and a return on equity of 11.07%. During the same period in the previous year, the business posted $0.85 earnings per share.

A number of other analysts have also recently commented on the stock. Stephens cut their target price on shares of Peoples Bancorp from $37.50 to $33.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 23rd. Piper Sandler boosted their price objective on Peoples Bancorp from $39.00 to $40.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 22nd.

Peoples Bancorp Price Performance

Shares of NASDAQ PEBO opened at $28.64 on Monday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.83 and a current ratio of 0.83. The firm has a fifty day moving average of $29.44 and a 200 day moving average of $31.67. The firm has a market cap of $1.02 billion, a PE ratio of 8.65 and a beta of 0.63. Peoples Bancorp has a one year low of $26.21 and a one year high of $37.07.

Peoples Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 19th. Stockholders of record on Monday, May 5th will be paid a $0.41 dividend. This is an increase from Peoples Bancorp's previous quarterly dividend of $0.40. This represents a $1.64 annualized dividend and a dividend yield of 5.73%. The ex-dividend date of this dividend is Monday, May 5th. Peoples Bancorp's dividend payout ratio (DPR) is currently 52.06%.

Insider Buying and Selling

In other Peoples Bancorp news, Director Carol A. Schneeberger sold 1,000 shares of the firm's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $30.20, for a total value of $30,200.00. Following the completion of the sale, the director now directly owns 25,686 shares of the company's stock, valued at $775,717.20. This trade represents a 3.75 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.41% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Peoples Bancorp

A number of hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Peoples Bancorp by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 2,002,366 shares of the bank's stock valued at $63,455,000 after purchasing an additional 35,358 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Peoples Bancorp by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 854,238 shares of the bank's stock valued at $27,077,000 after buying an additional 3,584 shares during the period. Brown Advisory Inc. lifted its holdings in Peoples Bancorp by 0.7% in the fourth quarter. Brown Advisory Inc. now owns 802,524 shares of the bank's stock valued at $25,432,000 after acquiring an additional 5,398 shares during the last quarter. American Century Companies Inc. grew its position in Peoples Bancorp by 11.8% in the fourth quarter. American Century Companies Inc. now owns 758,215 shares of the bank's stock worth $24,028,000 after acquiring an additional 79,818 shares during the period. Finally, Peoples Bank OH increased its stake in Peoples Bancorp by 1.1% during the fourth quarter. Peoples Bank OH now owns 590,905 shares of the bank's stock worth $18,726,000 after acquiring an additional 6,250 shares during the last quarter. 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.

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