DA Davidson Comments on Peoples Bancorp Q4 Earnings

Peoples Bancorp Inc. (NASDAQ:PEBO) – Equities researchers at DA Davidson issued their Q4 2024 earnings per share (EPS) estimates for shares of Peoples Bancorp in a report released on Thursday, October 24th. DA Davidson analyst M. Navas anticipates that the bank will post earnings of $0.73 per share for the quarter. The consensus estimate for Peoples Bancorp’s current full-year earnings is $3.29 per share. DA Davidson also issued estimates for Peoples Bancorp’s FY2025 earnings at $3.35 EPS.

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

Peoples Bancorp Trading Down 2.8 %

Shares of PEBO stock opened at $30.38 on Friday. Peoples Bancorp has a twelve month low of $25.58 and a twelve month high of $34.85. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 9.10 and a beta of 0.75. The firm has a 50-day moving average price of $30.61 and a 200 day moving average price of $30.14. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.22.

Peoples Bancorp (NASDAQ:PEBO) last released its quarterly earnings results on Tuesday, October 22nd. The bank reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.07. Peoples Bancorp had a return on equity of 12.01% and a net margin of 20.16%. The company had revenue of $158.41 million during the quarter, compared to the consensus estimate of $112.30 million. During the same quarter last year, the business posted $1.06 earnings per share.

Institutional Trading of Peoples Bancorp

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Peoples Bancorp by 3.3% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 12,043 shares of the bank’s stock valued at $362,000 after acquiring an additional 381 shares in the last quarter. nVerses Capital LLC boosted its position in shares of Peoples Bancorp by 322.2% in the third quarter. nVerses Capital LLC now owns 3,800 shares of the bank’s stock worth $114,000 after buying an additional 2,900 shares during the period. Creative Planning grew its stake in shares of Peoples Bancorp by 36.4% in the third quarter. Creative Planning now owns 32,185 shares of the bank’s stock valued at $968,000 after buying an additional 8,594 shares in the last quarter. Inspire Investing LLC raised its holdings in shares of Peoples Bancorp by 16.0% during the 3rd quarter. Inspire Investing LLC now owns 13,718 shares of the bank’s stock valued at $413,000 after buying an additional 1,890 shares during the period. Finally, CWM LLC lifted its position in Peoples Bancorp by 503.9% during the 3rd quarter. CWM LLC now owns 1,860 shares of the bank’s stock worth $56,000 after acquiring an additional 1,552 shares in the last quarter. Institutional investors and hedge funds own 60.68% of the company’s stock.

Insider Activity at Peoples Bancorp

In other news, Director David F. Dierker sold 1,000 shares of the company’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $30.36, for a total transaction of $30,360.00. Following the completion of the sale, the director now directly owns 10,330 shares in the company, valued at $313,618.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Over the last three months, insiders sold 2,541 shares of company stock worth $77,406. 3.46% of the stock is owned by company insiders.

Peoples Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Monday, November 4th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, November 4th. This represents a $1.60 annualized dividend and a dividend yield of 5.27%. Peoples Bancorp’s payout ratio is currently 47.90%.

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.