Peoples Bancorp (PEBO) to Release Quarterly Earnings on Tuesday

Peoples Bancorp (NASDAQ:PEBO) will likely be issuing its quarterly earnings data before the market opens on Tuesday, January 21st. Analysts expect the company to announce earnings of $0.75 per share and revenue of $109,670.00 billion for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

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

Shares of NASDAQ:PEBO opened at $31.30 on Friday. The company has a market capitalization of $1.11 billion, a P/E ratio of 8.92 and a beta of 0.79. Peoples Bancorp has a fifty-two week low of $26.74 and a fifty-two week high of $37.07. 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 company’s 50-day moving average is $33.48 and its 200 day moving average is $31.87.

Peoples Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Monday, November 4th were issued a dividend of $0.40 per share. The ex-dividend date was Monday, November 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.11%. Peoples Bancorp’s dividend payout ratio is currently 45.58%.

Insider Buying and Selling

In related news, Director David F. Dierker sold 2,000 shares of the stock in a transaction dated Wednesday, November 27th. The shares were 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. This trade represents a 62.23 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Carol A. Schneeberger sold 1,000 shares of the business’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $31.02, for a total transaction of $31,020.00. Following the sale, the director now directly owns 27,686 shares in the company, valued at $858,819.72. The trade was a 3.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,420 shares of company stock valued at $424,076 over the last three months. Corporate insiders own 3.46% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on PEBO shares. Keefe, Bruyette & Woods upped their price target on Peoples Bancorp from $32.00 to $36.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Piper Sandler reduced their target price on Peoples Bancorp from $39.00 to $36.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 23rd. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $34.25.

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.