Peoples Bancorp Inc. (PEBO) to Post FY2019 Earnings of $2.82 Per Share, DA Davidson Forecasts

Peoples Bancorp Inc. (NASDAQ:PEBO) – Stock analysts at DA Davidson upped their FY2019 earnings per share (EPS) estimates for shares of Peoples Bancorp in a report released on Wednesday, April 24th, according to Zacks Investment Research. DA Davidson analyst K. Reevey now anticipates that the bank will post earnings of $2.82 per share for the year, up from their previous estimate of $2.74.

Peoples Bancorp (NASDAQ:PEBO) last released its earnings results on Tuesday, April 23rd. The bank reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.06. Peoples Bancorp had a return on equity of 10.42% and a net margin of 22.59%. The business had revenue of $49.34 million during the quarter, compared to the consensus estimate of $49.09 million.

Other equities analysts have also issued research reports about the company. BidaskClub upgraded Peoples Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, February 20th. Zacks Investment Research upgraded Peoples Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, March 12th. Finally, Boenning Scattergood restated a “hold” rating on shares of Peoples Bancorp in a research note on Wednesday, May 1st. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $38.50.

Shares of NASDAQ:PEBO traded up $0.41 on Friday, hitting $32.18. 43,895 shares of the company’s stock were exchanged, compared to its average volume of 38,493. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.20. The company has a market cap of $657.42 million, a price-to-earnings ratio of 12.19, a price-to-earnings-growth ratio of 1.40 and a beta of 0.77. Peoples Bancorp has a 12 month low of $28.35 and a 12 month high of $39.58.

A number of large investors have recently added to or reduced their stakes in PEBO. Dimensional Fund Advisors LP boosted its stake in shares of Peoples Bancorp by 1.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,618,384 shares of the bank’s stock valued at $50,122,000 after buying an additional 23,415 shares in the last quarter. BlackRock Inc. grew its position in shares of Peoples Bancorp by 2.8% in the fourth quarter. BlackRock Inc. now owns 1,409,961 shares of the bank’s stock valued at $42,440,000 after purchasing an additional 38,186 shares during the period. Vanguard Group Inc grew its position in shares of Peoples Bancorp by 1.5% in the third quarter. Vanguard Group Inc now owns 813,381 shares of the bank’s stock valued at $28,493,000 after purchasing an additional 11,792 shares during the period. Vanguard Group Inc. grew its position in shares of Peoples Bancorp by 1.5% in the third quarter. Vanguard Group Inc. now owns 813,381 shares of the bank’s stock valued at $28,493,000 after purchasing an additional 11,792 shares during the period. Finally, Renaissance Technologies LLC grew its position in Peoples Bancorp by 12.4% during the first quarter. Renaissance Technologies LLC now owns 524,479 shares of the bank’s stock valued at $16,243,000 after acquiring an additional 57,900 shares during the period. Hedge funds and other institutional investors own 56.60% of the company’s stock.

In related news, Director George W. Broughton sold 10,011 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $32.40, for a total value of $324,356.40. Following the sale, the director now owns 145,336 shares in the company, valued at $4,708,886.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director George W. Broughton sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $31.94, for a total value of $63,880.00. Following the completion of the sale, the director now owns 148,336 shares in the company, valued at approximately $4,737,851.84. The disclosure for this sale can be found here. 2.89% of the stock is currently owned by insiders.

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Monday, May 6th will be paid a dividend of $0.34 per share. This is a positive change from Peoples Bancorp’s previous quarterly dividend of $0.30. The ex-dividend date is Friday, May 3rd. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.23%. Peoples Bancorp’s payout ratio is presently 51.52%.

About Peoples Bancorp

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.

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Earnings History and Estimates for Peoples Bancorp (NASDAQ:PEBO)

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