Peoples Bancorp (NASDAQ:PEBO) Announces Quarterly Earnings Results

Peoples Bancorp (NASDAQ:PEBOGet Rating) posted its quarterly earnings results on Tuesday. The bank reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.16, Fidelity Earnings reports. Peoples Bancorp had a net margin of 20.24% and a return on equity of 10.11%. During the same quarter last year, the company posted $0.81 earnings per share.

Peoples Bancorp Stock Performance

NASDAQ:PEBO traded down $0.25 during mid-day trading on Thursday, hitting $29.71. 2,141 shares of the company traded hands, compared to its average volume of 97,504. Peoples Bancorp has a one year low of $25.63 and a one year high of $34.63. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.25. The firm has a market cap of $845.04 million, a price-to-earnings ratio of 14.40 and a beta of 0.84. The stock’s fifty day moving average price is $27.50 and its 200-day moving average price is $29.92.

Peoples Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 22nd. Investors of record on Monday, August 8th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 5.12%. The ex-dividend date is Friday, August 5th. Peoples Bancorp’s dividend payout ratio is currently 73.79%.

Analyst Ratings Changes

A number of research analysts have commented on PEBO shares. StockNews.com raised Peoples Bancorp from a “hold” rating to a “buy” rating in a research report on Wednesday. Stephens started coverage on shares of Peoples Bancorp in a report on Wednesday, June 8th. They issued an “equal weight” rating and a $33.00 price objective for the company. DA Davidson boosted their price target on shares of Peoples Bancorp to $41.00 and gave the company an “outperform” rating in a research report on Wednesday. B. Riley dropped their price target on Peoples Bancorp from $30.00 to $28.00 in a research report on Monday, July 11th. Finally, Piper Sandler downgraded Peoples Bancorp from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $31.00 to $30.00 in a research note on Friday, July 8th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $34.00.

Institutional Investors Weigh In On Peoples Bancorp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PEBO. Quantbot Technologies LP boosted its position in shares of Peoples Bancorp by 60.0% in the first quarter. Quantbot Technologies LP now owns 1,600 shares of the bank’s stock worth $50,000 after purchasing an additional 600 shares during the period. Great West Life Assurance Co. Can increased its stake in Peoples Bancorp by 45.9% in the 1st quarter. Great West Life Assurance Co. Can now owns 2,289 shares of the bank’s stock worth $74,000 after buying an additional 720 shares in the last quarter. D.A. Davidson & CO. bought a new stake in Peoples Bancorp during the first quarter valued at about $288,000. MetLife Investment Management LLC boosted its stake in shares of Peoples Bancorp by 60.2% in the first quarter. MetLife Investment Management LLC now owns 13,526 shares of the bank’s stock worth $423,000 after acquiring an additional 5,083 shares during the period. Finally, Federated Hermes Inc. grew its position in shares of Peoples Bancorp by 14.4% during the first quarter. Federated Hermes Inc. now owns 13,611 shares of the bank’s stock worth $426,000 after purchasing an additional 1,716 shares in the last quarter. Institutional investors own 48.02% of the company’s stock.

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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Earnings History for Peoples Bancorp (NASDAQ:PEBO)

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