Peoples Bancorp (NASDAQ:PEBO) Posts Quarterly Earnings Results, Beats Expectations By $0.06 EPS

Peoples Bancorp (NASDAQ:PEBO) posted its earnings results on Tuesday. The bank reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.06, Briefing.com reports. The company had revenue of $158.41 million for the quarter, compared to analyst estimates 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 in the prior year, the business posted $1.06 EPS.

Peoples Bancorp Stock Performance

Shares of NASDAQ PEBO traded up $0.17 during midday trading on Wednesday, reaching $30.78. The company’s stock had a trading volume of 1,643 shares, compared to its average volume of 123,896. The stock has a market capitalization of $1.09 billion, a P/E ratio of 8.70 and a beta of 0.75. 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 firm has a 50 day moving average price of $30.55 and a 200-day moving average price of $30.10. Peoples Bancorp has a 12-month low of $25.04 and a 12-month high of $34.85.

Peoples Bancorp Dividend Announcement

The company 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 dividend of $0.40 per share. The ex-dividend date is Monday, November 4th. This represents a $1.60 annualized dividend and a dividend yield of 5.20%. Peoples Bancorp’s dividend payout ratio is currently 45.45%.

Wall Street Analyst Weigh In

Separately, Piper Sandler decreased their price objective on Peoples Bancorp from $39.00 to $36.00 and set an “overweight” rating for the company in a report on Wednesday. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $33.50.

Insider Activity at Peoples Bancorp

In other Peoples Bancorp news, Director Carol A. Schneeberger sold 1,000 shares of the business’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $30.33, for a total value of $30,330.00. Following the transaction, the director now owns 29,963 shares of the company’s stock, valued at approximately $908,777.79. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last three months, insiders sold 2,121 shares of company stock valued at $64,340. 3.46% of the stock is owned by insiders.

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.