Peoples Bancorp (NASDAQ:PEBO) Posts Earnings Results

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 $0.82 by $0.07, Briefing.com reports. The firm had revenue of $158.41 million for the quarter, compared to the consensus estimate of $112.30 million. Peoples Bancorp had a net margin of 20.16% and a return on equity of 12.01%. During the same period in the previous year, the firm posted $1.06 EPS.

Peoples Bancorp Stock Performance

PEBO stock opened at $31.24 on Friday. Peoples Bancorp has a twelve month low of $25.24 and a twelve month high of $34.85. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 8.90 and a beta of 0.75. The business’s fifty day simple moving average is $30.61 and its two-hundred day simple moving average is $30.12. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.22.

Peoples Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Monday, November 4th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 5.12%. The ex-dividend date is Monday, November 4th. Peoples Bancorp’s payout ratio is currently 45.58%.

Insider Activity

In related news, Director Carol A. Schneeberger sold 1,000 shares of Peoples Bancorp stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $30.33, for a total transaction of $30,330.00. Following the completion of the sale, the director now owns 29,963 shares in the company, valued at $908,777.79. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Over the last ninety days, insiders sold 2,121 shares of company stock valued at $64,340. 3.46% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

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

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.