Peoples Bancorp (NASDAQ:PEBO - Get Free Report) announced its quarterly earnings results on Tuesday. The bank reported $0.60 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.78 by ($0.18), Zacks reports. The firm had revenue of $115.02 million during the quarter, compared to analysts' expectations of $113.20 million. Peoples Bancorp had a net margin of 16.88% and a return on equity of 9.52%.
Peoples Bancorp Stock Performance
PEBO traded down $0.62 during midday trading on Thursday, hitting $29.43. 113,839 shares of the company were exchanged, compared to its average volume of 151,115. The company's 50 day simple moving average is $30.36 and its 200 day simple moving average is $30.38. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 10.08 and a beta of 0.65. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.21. Peoples Bancorp has a 1-year low of $26.21 and a 1-year high of $37.07.
Peoples Bancorp Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, August 18th. Shareholders of record on Monday, August 4th will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 5.57%. The ex-dividend date is Monday, August 4th. Peoples Bancorp's dividend payout ratio is currently 52.06%.
Insiders Place Their Bets
In other Peoples Bancorp news, Director Carol A. Schneeberger sold 1,000 shares of the stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $31.76, for a total transaction of $31,760.00. Following the sale, the director directly owned 25,330 shares of the company's stock, valued at approximately $804,480.80. This trade represents a 3.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last 90 days, insiders sold 1,962 shares of company stock worth $61,110. 3.41% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Peoples Bancorp
Hedge funds have recently modified their holdings of the company. Strs Ohio purchased a new stake in shares of Peoples Bancorp during the 1st quarter worth about $62,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Peoples Bancorp by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,544 shares of the bank's stock worth $609,000 after acquiring an additional 862 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of Peoples Bancorp by 4.9% during the 1st quarter. Royal Bank of Canada now owns 23,996 shares of the bank's stock worth $711,000 after acquiring an additional 1,111 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of Peoples Bancorp by 87.2% during the 1st quarter. Jane Street Group LLC now owns 64,668 shares of the bank's stock worth $1,918,000 after acquiring an additional 30,121 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Peoples Bancorp by 6.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 82,290 shares of the bank's stock worth $2,441,000 after acquiring an additional 5,175 shares in the last quarter. 60.68% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of analysts have weighed in on the company. Stephens lowered their target price on Peoples Bancorp from $37.50 to $33.00 and set an "equal weight" rating for the company in a report on Wednesday, April 23rd. DA Davidson lowered their target price on Peoples Bancorp from $39.00 to $35.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Keefe, Bruyette & Woods upped their target price on Peoples Bancorp from $32.00 to $33.00 and gave the stock a "market perform" rating in a report on Friday, July 11th. Finally, Wall Street Zen raised Peoples Bancorp from a "sell" rating to a "hold" rating in a research report on Saturday, May 24th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Peoples Bancorp currently has a consensus rating of "Hold" and an average price target of $35.25.
View Our Latest Research Report on Peoples Bancorp
About Peoples Bancorp
(
Get Free Report)
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.
Further Reading
Before you consider Peoples Bancorp, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Peoples Bancorp wasn't on the list.
While Peoples Bancorp currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
