Peoples Bancorp (NASDAQ:PEBO) Posts Earnings Results

Peoples Bancorp (NASDAQ:PEBO) issued its quarterly earnings results on Tuesday. The bank reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.01, RTT News reports. Peoples Bancorp had a return on equity of 11.84% and a net margin of 20.16%. During the same period last year, the firm earned $1.04 EPS.

Peoples Bancorp Stock Performance

Shares of Peoples Bancorp stock opened at $31.30 on Tuesday. The firm has a market cap of $1.11 billion, a PE ratio of 8.92 and a beta of 0.79. 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 52 week low of $26.74 and a 52 week high of $37.07. The business’s fifty day simple moving average is $33.39 and its 200-day simple moving average is $31.90.

Peoples Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 5.11%. Peoples Bancorp’s dividend payout ratio (DPR) is 45.58%.

Insider Buying and Selling

In other Peoples Bancorp news, Director Carol A. Schneeberger sold 1,000 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $34.13, for a total transaction of $34,130.00. Following the transaction, the director now directly owns 29,322 shares in the company, valued at $1,000,759.86. This represents a 3.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director S Craig Beam sold 4,000 shares of Peoples Bancorp stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $34.31, for a total value of $137,240.00. Following the completion of the sale, the director now directly owns 23,760 shares of the company’s stock, valued at $815,205.60. The trade was a 14.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,420 shares of company stock valued at $424,076. 3.46% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

PEBO has been the subject of several recent research reports. Keefe, Bruyette & Woods increased their price target on Peoples Bancorp from $32.00 to $36.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Piper Sandler cut their target price on Peoples Bancorp from $39.00 to $36.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $34.25.

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.