FY2025 EPS Estimates for Peoples Bancorp Cut by DA Davidson

Peoples Bancorp Inc. (NASDAQ:PEBO) – Analysts at DA Davidson decreased their FY2025 earnings estimates for shares of Peoples Bancorp in a research note issued to investors on Thursday, April 24th. DA Davidson analyst M. Navas now forecasts that the bank will post earnings of $3.25 per share for the year, down from their prior estimate of $3.35. DA Davidson currently has a “Buy” rating and a $35.00 price target on the stock. The consensus estimate for Peoples Bancorp’s current full-year earnings is $3.28 per share.

PEBO has been the subject of a number of other reports. Stephens lowered their target price on shares of Peoples Bancorp from $37.50 to $33.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 23rd. Piper Sandler lifted their price objective on shares of Peoples Bancorp from $39.00 to $40.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd.

Peoples Bancorp Price Performance

PEBO opened at $29.46 on Monday. The business has a fifty day moving average of $29.30 and a 200 day moving average of $31.65. The stock has a market cap of $1.05 billion, a P/E ratio of 8.90 and a beta of 0.63. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.21. Peoples Bancorp has a 52-week low of $26.21 and a 52-week high of $37.07.

Peoples Bancorp (NASDAQ:PEBO) last announced its earnings results on Tuesday, April 22nd. The bank reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.04). Peoples Bancorp had a net margin of 18.90% and a return on equity of 11.07%. The business had revenue of $113.00 million for the quarter, compared to analysts’ expectations of $112.76 million. During the same quarter last year, the firm earned $0.85 EPS.

Peoples Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, May 19th. Stockholders of record on Monday, May 5th will be paid a dividend of $0.41 per share. The ex-dividend date is Monday, May 5th. This represents a $1.64 annualized dividend and a dividend yield of 5.57%. This is a positive change from Peoples Bancorp’s previous quarterly dividend of $0.40. Peoples Bancorp’s dividend payout ratio (DPR) is currently 52.06%.

Insider Activity at Peoples Bancorp

In related news, Director Carol A. Schneeberger sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $30.20, for a total value of $30,200.00. Following the completion of the transaction, the director now owns 25,686 shares of the company’s stock, valued at $775,717.20. The trade was a 3.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 3.41% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in PEBO. Vanguard Group Inc. boosted its position in Peoples Bancorp by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 2,002,366 shares of the bank’s stock valued at $63,455,000 after purchasing an additional 35,358 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Peoples Bancorp by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 854,238 shares of the bank’s stock worth $27,077,000 after purchasing an additional 3,584 shares in the last quarter. Brown Advisory Inc. lifted its holdings in shares of Peoples Bancorp by 0.7% during the 4th quarter. Brown Advisory Inc. now owns 802,524 shares of the bank’s stock valued at $25,432,000 after purchasing an additional 5,398 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Peoples Bancorp by 11.8% in the 4th quarter. American Century Companies Inc. now owns 758,215 shares of the bank’s stock worth $24,028,000 after purchasing an additional 79,818 shares in the last quarter. Finally, Peoples Bank OH grew its stake in Peoples Bancorp by 1.1% during the 4th quarter. Peoples Bank OH now owns 590,905 shares of the bank’s stock worth $18,726,000 after buying an additional 6,250 shares during the last quarter. 60.68% of the stock is currently owned by hedge funds and other institutional investors.

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.