Peoples Bancorp Inc. (NASDAQ:PEBO – Free Report) – Investment analysts at DA Davidson upped their FY2025 earnings per share estimates for Peoples Bancorp in a note issued to investors on Wednesday, January 22nd. DA Davidson analyst M. Navas now anticipates that the bank will post earnings per share of $3.60 for the year, up from their prior forecast of $3.30. DA Davidson currently has a “Buy” rating and a $40.00 target price on the stock. The consensus estimate for Peoples Bancorp’s current full-year earnings is $3.19 per share.
Peoples Bancorp (NASDAQ:PEBO – Get Free Report) last posted its quarterly earnings data on Tuesday, January 21st. The bank reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.01. Peoples Bancorp had a return on equity of 11.07% and a net margin of 18.90%. During the same quarter in the previous year, the company earned $1.04 earnings per share.
Read Our Latest Stock Analysis on Peoples Bancorp
Peoples Bancorp Stock Performance
Shares of PEBO stock opened at $32.68 on Friday. Peoples Bancorp has a 12 month low of $26.74 and a 12 month high of $37.07. The company’s fifty day simple moving average is $33.14 and its 200-day simple moving average is $31.97. The firm has a market cap of $1.16 billion, a PE ratio of 9.87 and a beta of 0.79. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.21.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of PEBO. FMR LLC raised its stake in shares of Peoples Bancorp by 42.0% in the third quarter. FMR LLC now owns 1,252 shares of the bank’s stock worth $38,000 after purchasing an additional 370 shares during the last quarter. Spire Wealth Management purchased a new stake in Peoples Bancorp in the 4th quarter valued at $43,000. CWM LLC lifted its stake in Peoples Bancorp by 503.9% during the 3rd quarter. CWM LLC now owns 1,860 shares of the bank’s stock valued at $56,000 after acquiring an additional 1,552 shares in the last quarter. nVerses Capital LLC lifted its stake in Peoples Bancorp by 322.2% during the 3rd quarter. nVerses Capital LLC now owns 3,800 shares of the bank’s stock valued at $114,000 after acquiring an additional 2,900 shares in the last quarter. Finally, Quantbot Technologies LP boosted its holdings in Peoples Bancorp by 223.3% during the 3rd quarter. Quantbot Technologies LP now owns 3,964 shares of the bank’s stock worth $119,000 after acquiring an additional 2,738 shares during the last quarter. Institutional investors and hedge funds own 60.68% of the company’s stock.
Insider Buying and Selling at Peoples Bancorp
In related news, Director David F. Dierker sold 2,000 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $35.36, for a total transaction of $70,720.00. Following the completion of the transaction, the director now directly owns 1,214 shares of the company’s stock, valued at $42,927.04. This trade represents a 62.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Carol A. Schneeberger sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $31.02, for a total value of $31,020.00. Following the transaction, the director now owns 27,686 shares of the company’s stock, valued at $858,819.72. This trade represents a 3.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,000 shares of company stock worth $411,010. 3.46% of the stock is currently owned by insiders.
Peoples Bancorp Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be issued a $0.40 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $1.60 dividend on an annualized basis and a yield of 4.90%. Peoples Bancorp’s payout ratio is presently 48.34%.
About Peoples Bancorp
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.
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