FY2025 EPS Estimate for Peoples Bancorp Decreased by Analyst

Peoples Bancorp Inc. (NASDAQ:PEBO - Free Report) - Research analysts at DA Davidson reduced their FY2025 earnings per share estimates for shares of Peoples Bancorp in a report released on Thursday, April 24th. DA Davidson analyst M. Navas now anticipates that the bank will post earnings per share of $3.25 for the year, down from their prior forecast of $3.35. DA Davidson currently has a "Buy" rating and a $35.00 target price on the stock. The consensus estimate for Peoples Bancorp's current full-year earnings is $3.28 per share.

PEBO has been the topic of several other research reports. Piper Sandler lifted their price target on shares of Peoples Bancorp from $39.00 to $40.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 22nd. Stephens reduced their price objective on shares of Peoples Bancorp from $37.50 to $33.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 23rd.

Peoples Bancorp Stock Performance

Shares of PEBO traded up $0.67 on Monday, reaching $29.86. The company's stock had a trading volume of 7,989 shares, compared to its average volume of 132,156. Peoples Bancorp has a 12-month low of $26.21 and a 12-month high of $37.07. The stock has a market capitalization of $1.06 billion, a P/E ratio of 9.00 and a beta of 0.63. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.83 and a quick ratio of 0.83. The stock's 50 day simple moving average is $29.20 and its two-hundred day simple moving average is $31.62.

Peoples Bancorp (NASDAQ:PEBO - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The bank reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.04). Peoples Bancorp had a return on equity of 11.07% and a net margin of 18.90%. The firm had revenue of $113.00 million during the quarter, compared to analysts' expectations of $112.76 million. During the same period in the previous year, the business posted $0.85 earnings per share.

Peoples Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, May 19th. Investors of record on Monday, May 5th will be given a dividend of $0.41 per share. This is a positive change from Peoples Bancorp's previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Monday, May 5th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 5.49%. Peoples Bancorp's dividend payout ratio is currently 52.06%.

Insider Activity at Peoples Bancorp

In related news, Director Carol A. Schneeberger sold 1,000 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $32.83, for a total transaction of $32,830.00. Following the completion of the transaction, the director now directly owns 26,686 shares of the company's stock, valued at approximately $876,101.38. This represents a 3.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 3.41% of the stock is currently owned by corporate insiders.

Institutional Trading of Peoples Bancorp

Several hedge funds have recently modified their holdings of the company. CWM LLC grew its holdings in shares of Peoples Bancorp by 86.7% in the first quarter. CWM LLC now owns 4,976 shares of the bank's stock valued at $148,000 after purchasing an additional 2,311 shares in the last quarter. New York State Common Retirement Fund grew its stake in shares of Peoples Bancorp by 55.3% in the 1st quarter. New York State Common Retirement Fund now owns 18,815 shares of the bank's stock worth $558,000 after buying an additional 6,700 shares in the last quarter. Alps Advisors Inc. increased its holdings in shares of Peoples Bancorp by 6.7% in the 1st quarter. Alps Advisors Inc. now owns 12,057 shares of the bank's stock worth $358,000 after buying an additional 757 shares during the last quarter. D.A. Davidson & CO. raised its position in shares of Peoples Bancorp by 1.6% during the 1st quarter. D.A. Davidson & CO. now owns 24,400 shares of the bank's stock valued at $724,000 after buying an additional 391 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Peoples Bancorp by 3.8% in the 1st quarter. Principal Financial Group Inc. now owns 19,137 shares of the bank's stock valued at $568,000 after acquiring an additional 707 shares during the last quarter. 60.68% of the stock is owned by hedge funds and other institutional investors.

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.