Brokerages Anticipate Peoples Bancorp Inc. (PEBO) Will Announce Quarterly Sales of $49.13 Million

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Brokerages forecast that Peoples Bancorp Inc. (NASDAQ:PEBO) will report $49.13 million in sales for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Peoples Bancorp’s earnings, with the lowest sales estimate coming in at $48.70 million and the highest estimate coming in at $49.78 million. Peoples Bancorp posted sales of $44.25 million in the same quarter last year, which indicates a positive year over year growth rate of 11%. The company is expected to announce its next quarterly earnings results on Tuesday, April 23rd.

On average, analysts expect that Peoples Bancorp will report full-year sales of $208.31 million for the current fiscal year, with estimates ranging from $207.22 million to $209.90 million. For the next fiscal year, analysts anticipate that the firm will report sales of $225.10 million, with estimates ranging from $222.50 million to $229.30 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that cover Peoples Bancorp.

Peoples Bancorp (NASDAQ:PEBO) last issued its quarterly earnings data on Tuesday, January 22nd. The bank reported $0.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.03. Peoples Bancorp had a net margin of 22.18% and a return on equity of 10.11%. The business had revenue of $48.30 million during the quarter, compared to analyst estimates of $47.74 million.

PEBO has been the subject of several research analyst reports. Boenning Scattergood restated a “hold” rating on shares of Peoples Bancorp in a report on Friday, January 25th. Zacks Investment Research lowered shares of Peoples Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, January 9th. ValuEngine upgraded shares of Peoples Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Finally, BidaskClub upgraded shares of Peoples Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, February 20th. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $38.50.

In other news, Director George W. Broughton sold 2,000 shares of Peoples Bancorp stock in a transaction that occurred on Friday, January 25th. The shares were sold at an average price of $32.65, for a total transaction of $65,300.00. Following the completion of the transaction, the director now directly owns 150,756 shares in the company, valued at $4,922,183.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director George W. Broughton sold 1,000 shares of Peoples Bancorp stock in a transaction that occurred on Monday, January 28th. The shares were sold at an average price of $32.33, for a total transaction of $32,330.00. Following the transaction, the director now owns 149,756 shares of the company’s stock, valued at $4,841,611.48. The disclosure for this sale can be found here. 3.03% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its holdings in shares of Peoples Bancorp by 4.5% during the fourth quarter. Geode Capital Management LLC now owns 206,391 shares of the bank’s stock valued at $6,212,000 after purchasing an additional 8,849 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of Peoples Bancorp by 4.5% during the fourth quarter. Public Employees Retirement System of Ohio now owns 11,939 shares of the bank’s stock valued at $359,000 after purchasing an additional 517 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Peoples Bancorp by 76.5% during the fourth quarter. Millennium Management LLC now owns 34,488 shares of the bank’s stock valued at $1,038,000 after purchasing an additional 14,944 shares during the last quarter. Metropolitan Life Insurance Co. NY lifted its holdings in shares of Peoples Bancorp by 321.2% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 5,501 shares of the bank’s stock valued at $166,000 after purchasing an additional 4,195 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Peoples Bancorp by 2.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,594,969 shares of the bank’s stock valued at $48,008,000 after purchasing an additional 44,958 shares during the last quarter. Hedge funds and other institutional investors own 61.21% of the company’s stock.

PEBO traded down $0.10 on Friday, hitting $31.56. The company had a trading volume of 44,868 shares, compared to its average volume of 37,398. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.82 and a quick ratio of 0.82. Peoples Bancorp has a 52-week low of $28.35 and a 52-week high of $39.58. The firm has a market capitalization of $616.56 million, a PE ratio of 11.95, a price-to-earnings-growth ratio of 1.50 and a beta of 0.79.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 19th. Stockholders of record on Monday, February 4th were issued a dividend of $0.30 per share. The ex-dividend date was Friday, February 1st. This represents a $1.20 annualized dividend and a dividend yield of 3.80%. Peoples Bancorp’s payout ratio is 45.45%.

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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