Peoples Bancorp (PEBO) to Release Quarterly Earnings on Tuesday

Peoples Bancorp (NASDAQ:PEBO) will be announcing its earnings results before the market opens on Tuesday, October 22nd. Analysts expect the company to announce earnings of $0.82 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Peoples Bancorp (NASDAQ:PEBO) last issued its quarterly earnings results on Tuesday, July 23rd. The bank reported $0.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.01). Peoples Bancorp had a return on equity of 12.76% and a net margin of 20.58%. The firm had revenue of $154.47 million during the quarter, compared to analysts’ expectations of $111.30 million. During the same quarter in the prior year, the firm earned $0.83 EPS. On average, analysts expect Peoples Bancorp to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Peoples Bancorp Stock Up 1.5 %

PEBO opened at $30.80 on Tuesday. The stock has a market capitalization of $1.09 billion, a P/E ratio of 9.22 and a beta of 0.75. Peoples Bancorp has a one year low of $25.04 and a one year high of $34.85. The business’s 50-day simple moving average is $30.32 and its 200-day simple moving average is $29.98. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.82 and a current ratio of 0.82.

Peoples Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 19th. Investors of record on Monday, August 5th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 5.19%. The ex-dividend date of this dividend was Monday, August 5th. Peoples Bancorp’s payout ratio is currently 47.90%.

Wall Street Analyst Weigh In

Separately, Piper Sandler began coverage on shares of Peoples Bancorp in a research note on Friday, October 4th. They set an “overweight” rating and a $39.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $34.25.

Insider Activity at Peoples Bancorp

In other Peoples Bancorp news, Director David F. Dierker sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $30.36, for a total transaction of $30,360.00. Following the sale, the director now owns 10,330 shares in the company, valued at $313,618.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders have sold 2,642 shares of company stock valued at $81,684 over the last ninety days. Corporate insiders own 3.46% of the company’s stock.

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.