Peoples Bancorp (NASDAQ:PEBO) Posts Quarterly Earnings Results, Beats Estimates By $0.07 EPS

Peoples Bancorp (NASDAQ:PEBO) released its earnings results on Tuesday. The bank reported $0.89 EPS for the quarter, beating the consensus estimate of $0.82 by $0.07, Briefing.com reports. The firm had revenue of $158.41 million for the quarter, compared to analysts’ expectations of $112.30 million. Peoples Bancorp had a net margin of 20.58% and a return on equity of 12.76%. During the same quarter last year, the company earned $1.06 EPS.

Peoples Bancorp Stock Performance

Shares of NASDAQ PEBO opened at $30.96 on Thursday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.82 and a quick ratio of 0.82. The company has a market capitalization of $1.10 billion, a P/E ratio of 8.80 and a beta of 0.75. Peoples Bancorp has a one year low of $25.04 and a one year high of $34.85. The business’s 50-day moving average price is $30.58 and its two-hundred day moving average price is $30.11.

Peoples Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Monday, November 4th will be given a $0.40 dividend. The ex-dividend date is Monday, November 4th. This represents a $1.60 dividend on an annualized basis and a yield of 5.17%. Peoples Bancorp’s payout ratio is 45.45%.

Insider Buying and Selling

In other Peoples Bancorp news, Director David F. Dierker sold 1,000 shares of Peoples Bancorp stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $30.36, for a total transaction of $30,360.00. Following the sale, the director now owns 10,330 shares in the company, valued at $313,618.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders sold 2,121 shares of company stock worth $64,340. 3.46% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Separately, Piper Sandler cut their target price on shares of Peoples Bancorp from $39.00 to $36.00 and set an “overweight” rating for the company in a research note on Wednesday. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Peoples Bancorp presently has a consensus rating of “Hold” and an average price target of $33.50.

Peoples Bancorp Company Profile

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.