Peoples Bancorp Inc. (NASDAQ:PEBO – Get Rating) – Analysts at DA Davidson lifted their FY2022 earnings per share estimates for Peoples Bancorp in a research note issued on Monday, October 10th. DA Davidson analyst M. Navas now expects that the bank will post earnings per share of $3.43 for the year, up from their prior estimate of $3.35. DA Davidson has a “Outperform” rating and a $41.00 price target on the stock. The consensus estimate for Peoples Bancorp’s current full-year earnings is $3.42 per share. DA Davidson also issued estimates for Peoples Bancorp’s FY2023 earnings at $3.60 EPS.

Peoples Bancorp (NASDAQ:PEBO – Get Rating) last announced its quarterly earnings results on Tuesday, July 26th. The bank reported $0.90 EPS for the quarter, beating the consensus estimate of $0.74 by $0.16. Peoples Bancorp had a return on equity of 10.61% and a net margin of 23.41%. The business had revenue of $81.27 million during the quarter, compared to analysts’ expectations of $79.52 million. During the same quarter in the previous year, the business posted $0.81 EPS.

A number of other analysts have also recently weighed in on the company. Piper Sandler cut Peoples Bancorp from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $31.00 to $30.00 in a research report on Friday, July 8th. Stephens increased their price target on Peoples Bancorp to $34.00 in a report on Tuesday, August 23rd. B. Riley dropped their target price on shares of Peoples Bancorp from $30.00 to $28.00 in a report on Monday, July 11th. Finally, StockNews.com upgraded shares of Peoples Bancorp from a “hold” rating to a “buy” rating in a report on Thursday, September 22nd. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Peoples Bancorp currently has an average rating of “Hold” and an average price target of $34.20.

Peoples Bancorp Stock Up 1.0 %

PEBO stock opened at $29.32 on Tuesday. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.16. The firm has a market cap of $829.76 million, a PE ratio of 12.07 and a beta of 0.85. Peoples Bancorp has a 1 year low of $25.63 and a 1 year high of $34.63. The company has a fifty day simple moving average of $30.13 and a 200 day simple moving average of $29.02.

Institutional Investors Weigh In On Peoples Bancorp

Several large investors have recently made changes to their positions in PEBO. Prelude Capital Management LLC grew its position in Peoples Bancorp by 0.8% during the 2nd quarter. Prelude Capital Management LLC now owns 40,873 shares of the bank’s stock worth $1,087,000 after acquiring an additional 338 shares during the last quarter. Fifth Third Bancorp raised its holdings in shares of Peoples Bancorp by 6.5% in the second quarter. Fifth Third Bancorp now owns 5,886 shares of the bank’s stock valued at $157,000 after buying an additional 361 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in Peoples Bancorp by 0.9% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 41,300 shares of the bank’s stock worth $1,099,000 after buying an additional 364 shares in the last quarter. Arizona State Retirement System grew its holdings in Peoples Bancorp by 5.6% during the 2nd quarter. Arizona State Retirement System now owns 7,669 shares of the bank’s stock worth $204,000 after acquiring an additional 409 shares during the last quarter. Finally, American International Group Inc. raised its stake in shares of Peoples Bancorp by 3.4% in the second quarter. American International Group Inc. now owns 13,022 shares of the bank’s stock worth $346,000 after acquiring an additional 429 shares during the last quarter. Institutional investors own 52.10% of the company’s stock.

Insider Activity

In related news, CEO Charles W. Sulerzyski sold 1,500 shares of the business’s stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $31.17, for a total transaction of $46,755.00. Following the transaction, the chief executive officer now directly owns 70,928 shares in the company, valued at $2,210,825.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Kevin R. Reeves acquired 3,000 shares of the firm’s stock in a transaction on Friday, August 5th. The shares were bought at an average cost of $29.80 per share, with a total value of $89,400.00. Following the completion of the acquisition, the director now owns 5,708 shares of the company’s stock, valued at $170,098.40. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Charles W. Sulerzyski sold 1,500 shares of the stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $31.17, for a total value of $46,755.00. Following the completion of the transaction, the chief executive officer now directly owns 70,928 shares of the company’s stock, valued at $2,210,825.76. The disclosure for this sale can be found here. 2.42% of the stock is owned by company insiders.

Peoples Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 22nd. Stockholders of record on Monday, August 8th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, August 5th. This represents a $1.52 annualized dividend and a dividend yield of 5.18%. Peoples Bancorp’s payout ratio is 62.55%.

Peoples Bancorp Company Profile

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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 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.

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