Peoples Bancorp (NASDAQ:PEBO) Announces Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Peoples Bancorp (NASDAQ:PEBO) posted its quarterly earnings data on Tuesday. The bank reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.01, RTT News reports. Peoples Bancorp had a return on equity of 11.07% and a net margin of 18.90%. During the same quarter in the prior year, the business posted $1.04 EPS.

Peoples Bancorp Stock Up 2.7 %

Peoples Bancorp stock opened at $32.20 on Thursday. The company has a 50 day moving average of $33.25 and a 200-day moving average of $31.92. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.21. Peoples Bancorp has a twelve month low of $26.74 and a twelve month high of $37.07. The stock has a market capitalization of $1.14 billion, a PE ratio of 9.73 and a beta of 0.79.

Peoples Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 4.97%. The ex-dividend date of this dividend is Monday, February 3rd. Peoples Bancorp’s payout ratio is currently 48.34%.

Insider Buying and Selling

In other news, Director Carol A. Schneeberger sold 1,000 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $34.13, for a total value 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director David F. Dierker sold 2,000 shares of Peoples Bancorp stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $35.36, for a total transaction of $70,720.00. Following the completion of the sale, the director now owns 1,214 shares in the company, valued at $42,927.04. The trade was a 62.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,000 shares of company stock worth $411,010 over the last ninety days. Company insiders own 3.46% of the company’s stock.

Analysts Set New Price Targets

PEBO has been the topic of several recent research reports. Stephens reiterated an “equal weight” rating and issued a $37.50 price target on shares of Peoples Bancorp in a report on Wednesday. Keefe, Bruyette & Woods lifted their price objective on shares of Peoples Bancorp from $32.00 to $36.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. DA Davidson lowered their target price on shares of Peoples Bancorp from $42.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Piper Sandler increased their target price on shares of Peoples Bancorp from $39.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday. Four 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.com, Peoples Bancorp presently has an average rating of “Hold” and an average price target of $36.90.

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.