Peoples Bancorp Inc. (NASDAQ:PEBO) – Research analysts at Boenning Scattergood reduced their FY2018 earnings per share estimates for Peoples Bancorp in a report released on Wednesday, Zacks Investment Research reports. Boenning Scattergood analyst S. Beury now anticipates that the bank will post earnings of $1.81 per share for the year, down from their prior forecast of $2.10. Boenning Scattergood has a “Hold” rating on the stock.
PEBO has been the topic of a number of other research reports. Keefe, Bruyette & Woods reiterated a “neutral” rating on shares of Peoples Bancorp in a research report on Tuesday, July 25th. Zacks Investment Research upgraded shares of Peoples Bancorp from a “hold” rating to a “strong-buy” rating and set a $38.00 target price on the stock in a research report on Friday, July 28th. Finally, BidaskClub downgraded shares of Peoples Bancorp from a “hold” rating to a “sell” rating in a research report on Sunday, July 16th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. Peoples Bancorp currently has a consensus rating of “Hold” and an average target price of $35.00.
Peoples Bancorp (PEBO) opened at $31.64 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.82 and a current ratio of 0.82. Peoples Bancorp has a 1 year low of $26.20 and a 1 year high of $35.43. The stock has a market cap of $578.41, a price-to-earnings ratio of 16.23, a P/E/G ratio of 1.87 and a beta of 0.73.
Peoples Bancorp (NASDAQ:PEBO) last posted its quarterly earnings data on Tuesday, October 24th. The bank reported $0.60 EPS for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.09. Peoples Bancorp had a net margin of 21.10% and a return on equity of 7.99%. The company had revenue of $41.83 million for the quarter, compared to analyst estimates of $41.96 million.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC bought a new position in Peoples Bancorp during the third quarter valued at about $103,000. Park National Corp OH bought a new position in Peoples Bancorp during the second quarter valued at about $203,000. Citigroup Inc. grew its position in Peoples Bancorp by 361.7% during the second quarter. Citigroup Inc. now owns 6,694 shares of the bank’s stock valued at $215,000 after buying an additional 5,244 shares during the period. Goldman Sachs Group Inc. bought a new position in Peoples Bancorp during the first quarter valued at about $217,000. Finally, Highbridge Capital Management LLC bought a new position in Peoples Bancorp during the first quarter valued at about $232,000. Hedge funds and other institutional investors own 62.63% of the company’s stock.
In other news, Director S Craig Beam sold 975 shares of the company’s stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $34.00, for a total value of $33,150.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In the last quarter, insiders sold 12,895 shares of company stock valued at $433,159. Company insiders own 3.04% of the company’s stock.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 17th. Stockholders of record on Friday, November 3rd will be paid a $0.22 dividend. The ex-dividend date is Thursday, November 2nd. This represents a $0.88 annualized dividend and a dividend yield of 2.78%. Peoples Bancorp’s payout ratio is 43.56%.
Peoples Bancorp Company Profile
Peoples Bancorp Inc is a financial holding company. The Company operates principally through its subsidiary, Peoples Bank. Peoples Bank’s operating subsidiaries include Peoples Insurance Agency, LLC (Peoples Insurance) and two asset management companies, PBNA, LLC. and Peoples Tax Credit Equity, LLC.
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