Peoples Bancorp (NASDAQ:PEBO) Releases Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Peoples Bancorp (NASDAQ:PEBO) announced its quarterly earnings data on Tuesday. The bank reported $0.84 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.01), Briefing.com reports. The firm had revenue of $154.47 million for the quarter, compared to analysts’ expectations of $111.30 million. Peoples Bancorp had a return on equity of 12.89% and a net margin of 20.58%. During the same quarter in the previous year, the company posted $0.83 EPS.

Peoples Bancorp Price Performance

PEBO traded down $0.07 on Thursday, reaching $33.15. The company had a trading volume of 41 shares, compared to its average volume of 128,239. Peoples Bancorp has a one year low of $24.84 and a one year high of $34.85. The company has a market capitalization of $1.18 billion, a P/E ratio of 9.95 and a beta of 0.76. The company has a fifty day moving average of $29.85 and a 200-day moving average of $29.38. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 19th. Investors of record on Monday, August 5th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.83%. The ex-dividend date of this dividend is Monday, August 5th. Peoples Bancorp’s dividend payout ratio is currently 47.90%.

Insider Activity

In related news, CEO Tyler J. Wilcox sold 8,621 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $29.01, for a total transaction of $250,095.21. Following the completion of the transaction, the chief executive officer now owns 40,231 shares of the company’s stock, valued at $1,167,101.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Peoples Bancorp news, Director David F. Dierker sold 4,000 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $32.07, for a total transaction of $128,280.00. Following the sale, the director now owns 13,330 shares in the company, valued at approximately $427,493.10. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Tyler J. Wilcox sold 8,621 shares of the company’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $29.01, for a total transaction of $250,095.21. Following the sale, the chief executive officer now directly owns 40,231 shares of the company’s stock, valued at $1,167,101.31. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,865 shares of company stock worth $417,060. 3.46% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

PEBO has been the subject of several research analyst reports. Stephens reiterated an “equal weight” rating and issued a $34.00 price objective on shares of Peoples Bancorp in a research report on Wednesday, April 24th. StockNews.com raised Peoples Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, April 27th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $33.00 price target (down previously from $36.00) on shares of Peoples Bancorp in a report on Wednesday, April 24th. Finally, Hovde Group began coverage on Peoples Bancorp in a report on Monday, April 1st. They issued a “market perform” rating and a $31.00 price objective on the stock. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, Peoples Bancorp currently has an average rating of “Hold” and an average price target of $33.00.

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.