FY2025 EPS Estimate for Peoples Bancorp Lowered by Analyst

Peoples Bancorp Inc. (NASDAQ:PEBO - Free Report) - Equities researchers at DA Davidson cut their FY2025 earnings estimates for Peoples Bancorp in a report issued on Thursday, April 24th. DA Davidson analyst M. Navas now forecasts that the bank will earn $3.25 per share for the year, down from their previous estimate 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.

Peoples Bancorp (NASDAQ:PEBO - Get Free Report) last announced its quarterly 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). The business had revenue of $113.00 million during the quarter, compared to analyst estimates of $112.76 million. Peoples Bancorp had a net margin of 18.90% and a return on equity of 11.07%. During the same quarter last year, the company posted $0.85 earnings per share.

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

Peoples Bancorp Trading Down 1.5 %

PEBO stock traded down $0.45 during midday trading on Monday, hitting $29.01. The stock had a trading volume of 122,747 shares, compared to its average volume of 132,258. The firm has a market cap of $1.03 billion, a P/E ratio of 8.76 and a beta of 0.63. 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 business has a fifty day moving average price of $29.30 and a two-hundred day moving average price of $31.65. Peoples Bancorp has a 1-year low of $26.21 and a 1-year high of $37.07.

Peoples Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 19th. Investors of record on Monday, May 5th will be issued a $0.41 dividend. This is a boost from Peoples Bancorp's previous quarterly dividend of $0.40. This represents a $1.64 dividend on an annualized basis and a dividend yield of 5.65%. The ex-dividend date is Monday, May 5th. Peoples Bancorp's dividend payout ratio (DPR) is currently 52.06%.

Insider Activity at Peoples Bancorp

In related news, Director Carol A. Schneeberger sold 1,000 shares of Peoples Bancorp stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $30.20, for a total transaction of $30,200.00. Following the transaction, the director now owns 25,686 shares of the company's stock, valued at $775,717.20. The trade was a 3.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.41% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. US Bancorp DE increased its position in shares of Peoples Bancorp by 172.8% during the fourth quarter. US Bancorp DE now owns 1,094 shares of the bank's stock valued at $35,000 after acquiring an additional 693 shares during the last quarter. Sterling Capital Management LLC raised its stake in shares of Peoples Bancorp by 815.7% during the 4th quarter. Sterling Capital Management LLC now owns 1,108 shares of the bank's stock worth $35,000 after purchasing an additional 987 shares during the period. Spire Wealth Management purchased a new position in shares of Peoples Bancorp in the 4th quarter worth about $43,000. GAMMA Investing LLC increased its holdings in Peoples Bancorp by 1,426.3% during the first quarter. GAMMA Investing LLC now owns 2,610 shares of the bank's stock worth $77,000 after buying an additional 2,439 shares during the last quarter. Finally, Balyasny Asset Management L.P. bought a new stake in Peoples Bancorp in the fourth quarter worth about $215,000. 60.68% of the stock is owned by 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.