Brokerages expect Peoples Bancorp Inc. (NASDAQ:PEBO) to report $0.61 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Peoples Bancorp’s earnings, with the highest EPS estimate coming in at $0.66 and the lowest estimate coming in at $0.56. Peoples Bancorp reported earnings of $0.53 per share during the same quarter last year, which indicates a positive year over year growth rate of 15.1%. The business is scheduled to report its next quarterly earnings report before the market opens on Tuesday, July 24th.
According to Zacks, analysts expect that Peoples Bancorp will report full-year earnings of $2.58 per share for the current fiscal year, with EPS estimates ranging from $2.54 to $2.64. For the next fiscal year, analysts forecast that the business will report earnings of $2.85 per share, with EPS estimates ranging from $2.83 to $2.86. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Peoples Bancorp.
Peoples Bancorp (NASDAQ:PEBO) last posted its quarterly earnings results on Tuesday, April 24th. The bank reported $0.64 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.04. The firm had revenue of $44.25 million for the quarter, compared to the consensus estimate of $42.87 million. Peoples Bancorp had a return on equity of 8.83% and a net margin of 22.48%.
Several equities analysts recently issued reports on the company. Zacks Investment Research cut Peoples Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, March 14th. BidaskClub raised Peoples Bancorp from a “hold” rating to a “buy” rating in a report on Tuesday, June 5th. ValuEngine raised Peoples Bancorp from a “hold” rating to a “buy” rating in a report on Thursday, May 31st. Finally, Hovde Group set a $39.00 price objective on Peoples Bancorp and gave the stock a “hold” rating in a report on Tuesday, April 24th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $38.00.
Peoples Bancorp traded down $0.12, hitting $37.78, during midday trading on Friday, Marketbeat reports. 58,432 shares of the stock were exchanged, compared to its average volume of 51,384. The stock has a market cap of $731.76 million, a PE ratio of 16.57, a P/E/G ratio of 1.84 and a beta of 0.75. Peoples Bancorp has a fifty-two week low of $29.55 and a fifty-two week high of $39.58. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.80 and a current ratio of 0.81.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake in Peoples Bancorp by 4.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,409,206 shares of the bank’s stock valued at $49,956,000 after purchasing an additional 57,527 shares during the last quarter. BlackRock Inc. increased its stake in Peoples Bancorp by 1.0% in the first quarter. BlackRock Inc. now owns 1,305,308 shares of the bank’s stock valued at $46,273,000 after purchasing an additional 13,520 shares during the last quarter. Franklin Resources Inc. increased its stake in Peoples Bancorp by 15.4% in the fourth quarter. Franklin Resources Inc. now owns 988,988 shares of the bank’s stock valued at $32,261,000 after purchasing an additional 132,138 shares during the last quarter. Banc Funds Co. LLC increased its stake in Peoples Bancorp by 3.9% in the fourth quarter. Banc Funds Co. LLC now owns 568,141 shares of the bank’s stock valued at $18,533,000 after purchasing an additional 21,259 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in Peoples Bancorp by 1.2% in the first quarter. The Manufacturers Life Insurance Company now owns 459,776 shares of the bank’s stock valued at $16,299,000 after purchasing an additional 5,412 shares during the last quarter. 61.81% 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 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Peoples Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Peoples Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.