Brokers Set Expectations for Peoples Bancorp FY2025 Earnings

Peoples Bancorp Inc. (NASDAQ:PEBO) – Research analysts at DA Davidson lowered their FY2025 earnings per share estimates for Peoples Bancorp in a note issued to investors on Thursday, December 19th. DA Davidson analyst M. Navas now forecasts that the bank will post earnings of $3.30 per share for the year, down from their previous estimate of $3.35. The consensus estimate for Peoples Bancorp’s current full-year earnings is $3.31 per share.

Peoples Bancorp (NASDAQ:PEBO) last announced its quarterly earnings results on Tuesday, October 22nd. The bank reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.07. Peoples Bancorp had a return on equity of 11.84% and a net margin of 20.16%. The firm had revenue of $158.41 million for the quarter, compared to analysts’ expectations of $112.30 million. During the same period in the prior year, the business posted $1.06 earnings per share.

PEBO has been the subject of several other reports. Piper Sandler reduced their price target on shares of Peoples Bancorp from $39.00 to $36.00 and set an “overweight” rating for the company in a research report on Wednesday, October 23rd. Keefe, Bruyette & Woods lifted their price objective on Peoples Bancorp from $32.00 to $36.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $34.25.

Peoples Bancorp Price Performance

Shares of NASDAQ:PEBO opened at $32.24 on Monday. The company has a 50 day moving average of $33.54 and a 200 day moving average of $31.50. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.21. The stock has a market cap of $1.15 billion, a P/E ratio of 9.19 and a beta of 0.77. Peoples Bancorp has a 12 month low of $26.74 and a 12 month high of $37.07.

Institutional Investors Weigh In On Peoples Bancorp

Hedge funds have recently made changes to their positions in the business. Foundry Partners LLC raised its position in Peoples Bancorp by 21.1% in the 3rd quarter. Foundry Partners LLC now owns 162,956 shares of the bank’s stock worth $4,903,000 after purchasing an additional 28,346 shares during the period. Thrivent Financial for Lutherans increased its holdings in shares of Peoples Bancorp by 34.6% in the third quarter. Thrivent Financial for Lutherans now owns 57,078 shares of the bank’s stock worth $1,717,000 after buying an additional 14,658 shares during the period. EMC Capital Management increased its holdings in shares of Peoples Bancorp by 787.3% in the third quarter. EMC Capital Management now owns 57,485 shares of the bank’s stock worth $1,730,000 after buying an additional 51,006 shares during the period. Wellington Management Group LLP lifted its stake in shares of Peoples Bancorp by 153.6% in the 3rd quarter. Wellington Management Group LLP now owns 352,488 shares of the bank’s stock valued at $10,606,000 after acquiring an additional 213,488 shares during the last quarter. Finally, Hantz Financial Services Inc. purchased a new stake in Peoples Bancorp during the 2nd quarter valued at about $981,000. 60.68% of the stock is currently owned by institutional investors.

Insider Transactions at Peoples Bancorp

In other news, Director S Craig Beam sold 4,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $34.31, for a total value of $137,240.00. Following the completion of the transaction, the director now directly owns 23,760 shares in the company, valued at approximately $815,205.60. This represents a 14.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Carol A. Schneeberger sold 1,000 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $34.82, for a total value of $34,820.00. Following the transaction, the director now directly owns 28,322 shares in the company, valued at approximately $986,172.04. This represents a 3.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,445 shares of company stock valued at $393,806 in the last quarter. Insiders own 3.46% of the company’s stock.

Peoples Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Monday, November 4th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.96%. The ex-dividend date was Monday, November 4th. Peoples Bancorp’s payout ratio is 45.58%.

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.