Peoples Bancorp Inc. (NASDAQ:PEBO) – Stock analysts at DA Davidson raised their FY2018 EPS estimates for shares of Peoples Bancorp in a note issued to investors on Tuesday, April 24th. DA Davidson analyst K. Reevey now expects that the bank will post earnings of $2.64 per share for the year, up from their previous estimate of $2.57.

Peoples Bancorp (NASDAQ:PEBO) last announced its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.09. The business had revenue of $42.24 million for the quarter, compared to analysts’ expectations of $41.90 million. Peoples Bancorp had a return on equity of 8.84% and a net margin of 22.48%.

Other analysts have also recently issued reports about the company. BidaskClub upgraded Peoples Bancorp from a “hold” rating to a “buy” rating in a research note on Monday, February 5th. ValuEngine upgraded Peoples Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday, February 3rd. Zacks Investment Research upgraded Peoples Bancorp from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research note on Thursday, January 4th. Sandler O’Neill restated a “hold” rating and issued a $37.00 price target on shares of Peoples Bancorp in a research note on Tuesday, January 23rd. Finally, Boenning Scattergood restated a “hold” rating on shares of Peoples Bancorp in a research note on Wednesday, January 10th. Four research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $38.00.

Shares of NASDAQ PEBO opened at $36.26 on Thursday. The firm has a market capitalization of $716.51, a PE ratio of 16.21, a P/E/G ratio of 1.81 and a beta of 0.72. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.81 and a current ratio of 0.81. Peoples Bancorp has a 12-month low of $29.55 and a 12-month high of $38.03.

Institutional investors and hedge funds have recently bought and sold shares of the company. Uncommon Cents Investing LLC acquired a new stake in shares of Peoples Bancorp during the fourth quarter worth about $739,000. Victory Capital Management Inc. increased its position in shares of Peoples Bancorp by 57.0% during the fourth quarter. Victory Capital Management Inc. now owns 47,650 shares of the bank’s stock worth $1,554,000 after purchasing an additional 17,296 shares in the last quarter. Bank of Montreal Can increased its position in shares of Peoples Bancorp by 6.3% during the fourth quarter. Bank of Montreal Can now owns 28,819 shares of the bank’s stock worth $941,000 after purchasing an additional 1,706 shares in the last quarter. Bailard Inc. acquired a new stake in shares of Peoples Bancorp during the fourth quarter worth about $646,000. Finally, Dimensional Fund Advisors LP increased its position in shares of Peoples Bancorp by 2.1% during the third quarter. Dimensional Fund Advisors LP now owns 1,323,779 shares of the bank’s stock worth $44,466,000 after purchasing an additional 27,733 shares in the last quarter. Institutional investors and hedge funds own 60.50% of the company’s stock.

In other Peoples Bancorp news, Director George W. Broughton sold 1,000 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $35.26, for a total value of $35,260.00. Following the sale, the director now directly owns 160,750 shares in the company, valued at $5,668,045. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.03% of the stock is owned by company insiders.

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 21st. Shareholders of record on Monday, May 7th will be paid a $0.28 dividend. The ex-dividend date is Friday, May 4th. This is a boost from Peoples Bancorp’s previous quarterly dividend of $0.26. This represents a $1.12 dividend on an annualized basis and a yield of 3.09%. Peoples Bancorp’s dividend payout ratio (DPR) is currently 45.61%.

Peoples Bancorp Company Profile

Peoples Bancorp Inc operates as the holding company for Peoples Bank that provides commercial and retail banking products and services. The company accepts various deposit products, including demand deposit accounts, savings accounts, money market accounts, and certificates of deposit; and provides commercial real estate construction loans, other commercial real estate loans, commercial and industrial loans, residential real estate loans, home equity lines of credit, and indirect and other consumer loans.

Earnings History and Estimates for Peoples Bancorp (NASDAQ:PEBO)

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