DA Davidson Expects Reduced Earnings for Peoples Bancorp

Peoples Bancorp Inc. (NASDAQ:PEBO) – Equities research analysts at DA Davidson decreased their FY2025 earnings estimates for shares of Peoples Bancorp in a research note issued on Thursday, December 19th. DA Davidson analyst M. Navas now forecasts that the bank will post earnings per share of $3.30 for the year, down from their prior forecast of $3.35. The consensus estimate for Peoples Bancorp’s current full-year earnings is $3.31 per share.

A number of other equities analysts also recently commented on PEBO. Piper Sandler decreased their target price on Peoples Bancorp from $39.00 to $36.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. Keefe, Bruyette & Woods upped their price objective on shares of Peoples Bancorp from $32.00 to $36.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $34.25.

Peoples Bancorp Trading Up 1.1 %

NASDAQ PEBO opened at $32.24 on Monday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.83 and a current ratio of 0.83. Peoples Bancorp has a fifty-two week low of $26.74 and a fifty-two week high of $37.07. The stock has a market cap of $1.15 billion, a P/E ratio of 9.19 and a beta of 0.77. The stock has a 50 day simple moving average of $33.54 and a two-hundred day simple moving average of $31.50.

Peoples Bancorp (NASDAQ:PEBO) last posted its earnings results on Tuesday, October 22nd. The bank reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.07. The company had revenue of $158.41 million for the quarter, compared to analysts’ expectations of $112.30 million. Peoples Bancorp had a return on equity of 11.84% and a net margin of 20.16%. During the same period last year, the firm earned $1.06 earnings per share.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Foundry Partners LLC grew its stake in shares of Peoples Bancorp by 21.1% in the third quarter. Foundry Partners LLC now owns 162,956 shares of the bank’s stock worth $4,903,000 after acquiring an additional 28,346 shares during the last quarter. Thrivent Financial for Lutherans raised its position in shares of Peoples Bancorp by 34.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 57,078 shares of the bank’s stock worth $1,717,000 after purchasing an additional 14,658 shares during the last quarter. EMC Capital Management boosted its stake in Peoples Bancorp by 787.3% in the 3rd quarter. EMC Capital Management now owns 57,485 shares of the bank’s stock worth $1,730,000 after purchasing an additional 51,006 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Peoples Bancorp by 153.6% during the third quarter. Wellington Management Group LLP now owns 352,488 shares of the bank’s stock valued at $10,606,000 after buying an additional 213,488 shares during the last quarter. Finally, Hantz Financial Services Inc. purchased a new stake in Peoples Bancorp during the 2nd quarter valued at $981,000. Hedge funds and other institutional investors own 60.68% of the company’s stock.

Insider Buying and Selling

In related news, Director Carol A. Schneeberger sold 1,000 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $34.13, for a total transaction of $34,130.00. Following the sale, the director now owns 29,322 shares of the company’s stock, valued at $1,000,759.86. The trade was a 3.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director S Craig Beam sold 4,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $34.31, for a total transaction of $137,240.00. Following the completion of the sale, the director now owns 23,760 shares in the company, valued at approximately $815,205.60. This trade represents a 14.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,445 shares of company stock valued at $393,806 over the last ninety days. Company insiders own 3.46% of the company’s stock.

Peoples Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Monday, November 4th were given a dividend of $0.40 per share. The ex-dividend date was Monday, November 4th. This represents a $1.60 annualized dividend and a dividend yield of 4.96%. Peoples Bancorp’s dividend payout ratio is presently 45.58%.

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.