Zacks: Analysts Expect Peoples Bancorp Inc. (NASDAQ: PEBO) to Report Quarterly Sales of $77.97 Million
Wall Street analysts expect Peoples Bancorp Inc. (NASDAQ:PEBO – Get Rating) to report sales of $77.97 million for the current quarter, according to Zacks Investment Research. Four analysts have made estimates of Peoples Bancorp’s earnings, with the lowest estimate of sales at $75.56 million and the highest estimate at $80.90 million. Peoples Bancorp recorded sales of $55.81 million in the same quarter last year, indicating a positive year-over-year growth rate of 39.7%. The company is expected to release its next quarterly earnings report on Monday, January 1.
On average, analysts expect Peoples Bancorp to report annual sales of $314.44 million for the current fiscal year, with estimates ranging from $306.16 million to $323.70 million. For the next fiscal year, analysts expect the company to record sales of $335.74 million, with estimates ranging from $323.14 million to $345.90 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts who cover Peoples Bancorp.
Peoples Bancorp (NASDAQ:PEBO – Get Rating) last released quarterly earnings data on Tuesday, April 26. The bank reported EPS of $0.88 for the quarter, beating consensus analyst estimates of $0.69 from $0.19. The company posted revenue of $74.75 million in the quarter, versus a consensus estimate of $74.99 million. Peoples Bancorp posted a net margin of 20.24% and a return on equity of 9.93%. During the same quarter of the previous year, the company achieved EPS of $0.90.
A number of analysts have commented on the stock. Piper Sandler raised her price target on Peoples Bancorp shares from $42.00 to $44.00 and gave the company an “overweight” rating in a Wednesday, March 2 report. Raymond James downgraded shares of Peoples Bancorp from an “outperforming” rating to a “market performing” rating in a Thursday, April 28 report. StockNews.com upgraded Peoples Bancorp shares from a “buy” rating to a “hold” rating in a Tuesday, May 24 research note. Stephens assumed coverage for Peoples Bancorp shares in a research note on Wednesday. They issued an “equal weight” rating and a price target of $33.00 for the company. Finally, B. Riley lowered his price target on Peoples Bancorp shares from $38.00 to $36.00 in a Tuesday, April 12 research note. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned the company a buy rating. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $37.40.
Several large investors have recently bought and sold shares of the stock. Rockefeller Capital Management LP bought a new position in Peoples Bancorp in Q3 worth around $25,000. Captrust Financial Advisors increased its position in Peoples Bancorp by 103.3% in Q3. Captrust Financial Advisors now owns 1,043 shares of the bank valued at $33,000 after buying an additional 530 shares during the period. Steward Partners Investment Advisory LLC increased its position in Peoples Bancorp by 62.9% in Q1. Steward Partners Investment Advisory LLC now owns 1,605 shares of the bank valued at $50,000 after purchasing an additional 620 shares during the period. Quantbot Technologies LP increased its position in Peoples Bancorp by 60.0% in the first quarter. Quantbot Technologies LP now owns 1,600 shares of the bank valued at $50,000 after purchasing an additional 600 shares during the period. Finally, Great West Life Assurance Co. Can increased its position in Peoples Bancorp by 45.9% in the 1st quarter. Great West Life Assurance Co. Can now owns 2,289 shares of the bank valued at $74,000 after purchasing an additional 720 shares during the period. 48.02% of the shares are held by hedge funds and other institutional investors.
PEBO stock opened at $28.38 on Thursday. The company has a market capitalization of $807.21 million, a price-earnings ratio of 13.78 and a beta of 0.85. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt ratio of 0.25. Peoples Bancorp has a 12-month low of $26.56 and a 12-month high of $34.63. The company has a 50-day moving average of $28.83 and a two-hundred-day moving average of $31.01.
The company also recently declared a quarterly dividend, which was paid on Monday, May 23. Shareholders of record on Monday, May 9 received a dividend of $0.38. This is a boost from Peoples Bancorp’s previous quarterly dividend of $0.36. The ex-dividend date was Friday, May 6. This represents an annualized dividend of $1.52 and a dividend yield of 5.36%. Peoples Bancorp’s dividend payout ratio is 73.79%.
Peoples Bancorp Company Profile (Get an evaluation)
Peoples Bancorp Inc operates as a holding company for Peoples Bank which 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 offers direct and indirect commercial and industrial real estate, commercial real estate, construction, financing, residential real estate and consumer loans, as well as home equity lines of credit and overdrafts.
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