Peoples Bancorp Inc. Forecasted to Earn Q2 2024 Earnings of $0.83 Per Share (NASDAQ:PEBO)

Peoples Bancorp Inc. (NASDAQ:PEBO - Free Report) - Equities researchers at DA Davidson issued their Q2 2024 earnings per share (EPS) estimates for shares of Peoples Bancorp in a research report issued on Thursday, April 25th. DA Davidson analyst M. Navas expects that the bank will post earnings of $0.83 per share for the quarter. The consensus estimate for Peoples Bancorp's current full-year earnings is $3.41 per share. DA Davidson also issued estimates for Peoples Bancorp's FY2024 earnings at $3.50 EPS.

Other analysts have also recently issued reports about the company. Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $33.00 target price (down from $36.00) on shares of Peoples Bancorp in a research note on Wednesday. Stephens restated an "equal weight" rating and issued a $34.00 target price on shares of Peoples Bancorp in a research note on Wednesday. StockNews.com cut Peoples Bancorp from a "hold" rating to a "sell" rating in a research note on Friday, April 19th. Piper Sandler initiated coverage on Peoples Bancorp in a research report on Friday, February 23rd. They set an "overweight" rating and a $34.00 price objective for the company. Finally, Hovde Group initiated coverage on shares of Peoples Bancorp in a report on Monday, April 1st. They set a "market perform" rating and a $31.00 target price on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, Peoples Bancorp presently has an average rating of "Hold" and a consensus price target of $33.40.

Peoples Bancorp Trading Down 1.5 %

PEBO traded down $0.44 during trading on Friday, hitting $29.76. 184,879 shares of the stock traded hands, compared to its average volume of 128,513. The firm has a 50-day moving average of $28.33 and a 200 day moving average of $29.36. Peoples Bancorp has a 12-month low of $23.05 and a 12-month high of $34.85. The firm has a market capitalization of $1.06 billion, a P/E ratio of 8.91 and a beta of 0.76. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.83 and a quick ratio of 0.83.

Peoples Bancorp (NASDAQ:PEBO - Get Free Report) last issued its earnings results on Tuesday, January 23rd. The bank reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.10. Peoples Bancorp had a return on equity of 12.93% and a net margin of 20.17%. The company had revenue of $112.92 million during the quarter, compared to analysts' expectations of $115.00 million.

Institutional Trading of Peoples Bancorp

Institutional investors have recently bought and sold shares of the company. Hennion & Walsh Asset Management Inc. lifted its position in Peoples Bancorp by 17.7% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 12,652 shares of the bank's stock valued at $375,000 after acquiring an additional 1,900 shares in the last quarter. Future Financial Wealth Managment LLC bought a new position in shares of Peoples Bancorp during the first quarter valued at $118,000. Campbell & CO Investment Adviser LLC boosted its position in shares of Peoples Bancorp by 64.7% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 20,428 shares of the bank's stock valued at $690,000 after buying an additional 8,027 shares during the last quarter. Alpha DNA Investment Management LLC bought a new stake in Peoples Bancorp in the 4th quarter worth about $526,000. Finally, Franklin Resources Inc. lifted its stake in Peoples Bancorp by 13.3% during the 4th quarter. Franklin Resources Inc. now owns 1,815,196 shares of the bank's stock valued at $61,281,000 after acquiring an additional 213,264 shares during the period. 60.68% of the stock is owned by hedge funds and other institutional investors.

Peoples Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Monday, May 6th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 5.38%. The ex-dividend date of this dividend is Friday, May 3rd. This is a positive change from Peoples Bancorp's previous quarterly dividend of $0.39. Peoples Bancorp's payout ratio is currently 46.71%.

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.