Peoples Bancorp (NASDAQ:PEBO) Posts Earnings Results, Beats Expectations By $0.01 EPS

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

Peoples Bancorp Trading Up 0.2 %

PEBO opened at $31.30 on Tuesday. The business has a fifty day moving average price of $33.39 and a 200 day moving average price of $31.90. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.83 and a quick ratio of 0.83. Peoples Bancorp has a 12 month low of $26.74 and a 12 month high of $37.07. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 8.92 and a beta of 0.79.

Peoples Bancorp Announces Dividend

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

Analysts Set New Price Targets

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

Insider Buying and Selling at Peoples Bancorp

In related news, Director Carol A. Schneeberger sold 1,000 shares of the business’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $31.02, for a total transaction of $31,020.00. Following the completion of the transaction, the director now owns 27,686 shares in the company, valued at approximately $858,819.72. The trade was a 3.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director S Craig Beam sold 4,000 shares of the firm’s 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 owns 23,760 shares in the company, valued at approximately $815,205.60. This represents a 14.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,420 shares of company stock valued at $424,076 in the last quarter. Corporate insiders own 3.46% 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.