Peoples Bancorp (NASDAQ:PEBO) Posts Earnings Results, Misses Estimates By $0.01 EPS

Peoples Bancorp (NASDAQ:PEBO) issued its quarterly earnings data on Tuesday. The bank reported $0.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.01), Briefing.com reports. The business had revenue of $154.47 million for the quarter, compared to analyst estimates of $111.30 million. Peoples Bancorp had a net margin of 20.58% and a return on equity of 12.89%. During the same quarter in the prior year, the business earned $0.83 earnings per share.

Peoples Bancorp Stock Performance

NASDAQ:PEBO traded up $1.08 during trading hours on Thursday, reaching $34.30. The stock had a trading volume of 167,324 shares, compared to its average volume of 129,417. The stock has a market cap of $1.22 billion, a P/E ratio of 9.95 and a beta of 0.76. The stock has a 50 day simple moving average of $29.85 and a 200 day simple moving average of $29.38. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.82 and a current ratio of 0.82. Peoples Bancorp has a 12-month low of $24.84 and a 12-month high of $34.85.

Peoples Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 19th. Investors of record on Monday, August 5th will be paid a $0.40 dividend. The ex-dividend date is Monday, August 5th. This represents a $1.60 annualized dividend and a yield of 4.66%. Peoples Bancorp’s payout ratio is 47.90%.

Insider Buying and Selling at Peoples Bancorp

In other news, CEO Tyler J. Wilcox sold 8,621 shares of the stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $29.01, for a total transaction of $250,095.21. Following the completion of the transaction, the chief executive officer now owns 40,231 shares in the company, valued at approximately $1,167,101.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Peoples Bancorp news, Director David F. Dierker sold 4,000 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $32.07, for a total transaction of $128,280.00. Following the sale, the director now owns 13,330 shares in the company, valued at $427,493.10. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Tyler J. Wilcox sold 8,621 shares of Peoples Bancorp stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $29.01, for a total value of $250,095.21. Following the completion of the transaction, the chief executive officer now owns 40,231 shares of the company’s stock, valued at $1,167,101.31. The disclosure for this sale can be found here. Insiders have sold a total of 13,865 shares of company stock worth $417,060 over the last ninety days. 3.46% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on PEBO shares. StockNews.com upgraded shares of Peoples Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, April 27th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $33.00 price objective (down from $36.00) on shares of Peoples Bancorp in a report on Wednesday, April 24th. Stephens restated an “equal weight” rating and set a $34.00 price target on shares of Peoples Bancorp in a report on Wednesday, April 24th. Finally, Hovde Group started coverage on shares of Peoples Bancorp in a report on Monday, April 1st. They set a “market perform” rating and a $31.00 price target on the stock. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, Peoples Bancorp currently has a consensus rating of “Hold” and an average price target of $33.00.

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.