Peoples Bancorp (NASDAQ:PEBO – Get Free Report) 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
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.
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