DA Davidson Predicts Increased Earnings for Peoples Bancorp

Peoples Bancorp Inc. (NASDAQ:PEBO) – Stock analysts at DA Davidson boosted their FY2025 earnings per share (EPS) estimates for Peoples Bancorp in a research report issued on Wednesday, January 22nd. DA Davidson analyst M. Navas now anticipates that the bank will post earnings per share of $3.60 for the year, up from their prior estimate of $3.30. DA Davidson has a “Buy” rating and a $40.00 price objective on the stock. The consensus estimate for Peoples Bancorp’s current full-year earnings is $3.19 per share.

Peoples Bancorp (NASDAQ:PEBO) last announced its quarterly earnings results on Tuesday, January 21st. The bank reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.01. Peoples Bancorp had a return on equity of 11.07% and a net margin of 18.90%. During the same period in the previous year, the company earned $1.04 earnings per share.

Several other equities research analysts have also recently issued reports on the stock. Piper Sandler raised their price target on shares of Peoples Bancorp from $39.00 to $40.00 and gave the stock an “overweight” rating in a research note on Wednesday. Stephens reissued an “equal weight” rating and set a $37.50 target price on shares of Peoples Bancorp in a research report on Wednesday. Finally, Keefe, Bruyette & Woods boosted their price objective on Peoples Bancorp from $32.00 to $36.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $36.90.

Peoples Bancorp Price Performance

PEBO stock opened at $32.68 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.83 and a current ratio of 0.83. Peoples Bancorp has a 1 year low of $26.74 and a 1 year high of $37.07. The stock’s 50 day moving average price is $33.19 and its 200 day moving average price is $31.92. The firm has a market cap of $1.16 billion, a P/E ratio of 9.87 and a beta of 0.79.

Peoples Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be paid a $0.40 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.90%. Peoples Bancorp’s dividend payout ratio (DPR) is presently 48.34%.

Insider Buying and Selling at Peoples Bancorp

In other Peoples Bancorp news, Director S Craig Beam sold 4,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $34.31, for a total value of $137,240.00. Following the sale, the director now directly owns 23,760 shares of the company’s stock, valued at $815,205.60. This trade represents a 14.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Carol A. Schneeberger sold 1,000 shares of Peoples Bancorp stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $34.13, for a total transaction of $34,130.00. Following the completion of the sale, the director now owns 29,322 shares in the company, valued at approximately $1,000,759.86. This represents a 3.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,000 shares of company stock worth $411,010 over the last quarter. 3.46% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of PEBO. FMR LLC lifted its holdings in shares of Peoples Bancorp by 42.0% in the third quarter. FMR LLC now owns 1,252 shares of the bank’s stock valued at $38,000 after buying an additional 370 shares during the period. CWM LLC grew its stake in Peoples Bancorp by 503.9% during the 3rd quarter. CWM LLC now owns 1,860 shares of the bank’s stock valued at $56,000 after acquiring an additional 1,552 shares in the last quarter. nVerses Capital LLC increased its stake in Peoples Bancorp by 322.2% in the 3rd quarter. nVerses Capital LLC now owns 3,800 shares of the bank’s stock valued at $114,000 after buying an additional 2,900 shares during the period. Quantbot Technologies LP grew its stake in Peoples Bancorp by 223.3% in the third quarter. Quantbot Technologies LP now owns 3,964 shares of the bank’s stock valued at $119,000 after purchasing an additional 2,738 shares in the last quarter. Finally, Future Financial Wealth Managment LLC acquired a new position in shares of Peoples Bancorp during the 3rd quarter worth $123,000. Institutional investors own 60.68% of the company’s stock.

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.