Peoples Bancorp (PEBO) Set to Announce Earnings on Tuesday

Peoples Bancorp (NASDAQ:PEBO) is set to announce its earnings results before the market opens on Tuesday, April 23rd. Analysts expect the company to announce earnings of $0.81 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Peoples Bancorp (NASDAQ:PEBO) last released its quarterly earnings data on Tuesday, January 23rd. The bank reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.10. Peoples Bancorp had a net margin of 21.52% and a return on equity of 13.47%. The company had revenue of $112.92 million during the quarter, compared to analyst estimates of $115.00 million. On average, analysts expect Peoples Bancorp to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Peoples Bancorp Trading Down 0.9 %

Shares of PEBO stock opened at $27.55 on Tuesday. The company has a market capitalization of $977.75 million, a PE ratio of 7.96 and a beta of 0.76. Peoples Bancorp has a 52-week low of $23.05 and a 52-week high of $34.85. The business’s fifty day moving average is $28.26 and its 200 day moving average is $29.21. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.83 and a current ratio of 0.83.

Peoples Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 20th. Stockholders of record on Monday, February 5th were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.66%. The ex-dividend date of this dividend was Friday, February 2nd. Peoples Bancorp’s payout ratio is currently 45.09%.

Institutional Investors Weigh In On Peoples Bancorp

Institutional investors have recently bought and sold shares of the business. Voya Investment Management LLC lifted its position in Peoples Bancorp by 2.4% in the fourth quarter. Voya Investment Management LLC now owns 14,951 shares of the bank’s stock worth $505,000 after buying an additional 346 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Peoples Bancorp by 0.9% during the second quarter. Price T Rowe Associates Inc. MD now owns 41,300 shares of the bank’s stock worth $1,099,000 after purchasing an additional 364 shares during the last quarter. BNP Paribas Arbitrage SNC lifted its position in shares of Peoples Bancorp by 4.0% during the third quarter. BNP Paribas Arbitrage SNC now owns 10,909 shares of the bank’s stock worth $316,000 after purchasing an additional 415 shares during the last quarter. American International Group Inc. increased its stake in shares of Peoples Bancorp by 3.4% during the second quarter. American International Group Inc. now owns 13,022 shares of the bank’s stock valued at $346,000 after buying an additional 429 shares during the period. Finally, Legal & General Group Plc grew its stake in Peoples Bancorp by 1.4% in the fourth quarter. Legal & General Group Plc now owns 30,835 shares of the bank’s stock valued at $1,041,000 after purchasing an additional 438 shares during the last quarter. Hedge funds and other institutional investors own 60.68% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on PEBO shares. StockNews.com upgraded shares of Peoples Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, March 13th. Hovde Group assumed coverage on shares of Peoples Bancorp in a research report on Monday, April 1st. They issued a “market perform” rating and a $31.00 target price on the stock. Finally, Piper Sandler began coverage on Peoples Bancorp in a report on Friday, February 23rd. They issued an “overweight” rating and a $34.00 target price on the 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.