DA Davidson Reduces Earnings Estimates for Peoples Bancorp

Peoples Bancorp Inc. (NASDAQ:PEBO) – Research analysts at DA Davidson decreased their FY2026 earnings estimates for shares of Peoples Bancorp in a research report issued on Tuesday, July 1st. DA Davidson analyst M. Navas now anticipates that the bank will post earnings of $3.40 per share for the year, down from their previous forecast of $3.45. DA Davidson has a “Buy” rating and a $35.00 price objective on the stock. The consensus estimate for Peoples Bancorp’s current full-year earnings is $3.28 per share.

A number of other equities analysts also recently weighed in on the stock. Wall Street Zen raised shares of Peoples Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, May 24th. Stephens dropped their price target on shares of Peoples Bancorp from $37.50 to $33.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 23rd. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $36.00.

Peoples Bancorp Trading Up 0.8%

NASDAQ PEBO opened at $32.09 on Wednesday. Peoples Bancorp has a 1-year low of $26.21 and a 1-year high of $37.07. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $1.14 billion, a PE ratio of 10.19 and a beta of 0.65. The firm’s fifty day simple moving average is $29.83 and its 200-day simple moving average is $30.44.

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 18.10% and a return on equity of 10.36%. The firm had revenue of $113.00 million for the quarter, compared to analyst estimates of $112.76 million. During the same period last year, the firm earned $0.85 earnings per share.

Peoples Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 19th. Investors of record on Monday, May 5th were issued a $0.41 dividend. The ex-dividend date was Monday, May 5th. This is a boost from Peoples Bancorp’s previous quarterly dividend of $0.40. This represents a $1.64 dividend on an annualized basis and a yield of 5.11%. Peoples Bancorp’s dividend payout ratio is currently 52.06%.

Institutional Investors Weigh In On Peoples Bancorp

A number of large investors have recently bought and sold shares of PEBO. Principal Financial Group Inc. boosted its holdings in Peoples Bancorp by 7.8% in the fourth quarter. Principal Financial Group Inc. now owns 18,430 shares of the bank’s stock worth $584,000 after purchasing an additional 1,339 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in Peoples Bancorp in the fourth quarter worth $394,000. US Bancorp DE boosted its holdings in Peoples Bancorp by 172.8% in the fourth quarter. US Bancorp DE now owns 1,094 shares of the bank’s stock worth $35,000 after purchasing an additional 693 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in Peoples Bancorp by 24.0% in the fourth quarter. Victory Capital Management Inc. now owns 46,138 shares of the bank’s stock worth $1,462,000 after purchasing an additional 8,938 shares in the last quarter. Finally, Arizona State Retirement System boosted its holdings in Peoples Bancorp by 6.1% in the fourth quarter. Arizona State Retirement System now owns 10,304 shares of the bank’s stock worth $327,000 after purchasing an additional 595 shares in the last quarter. 60.68% of the stock is currently owned by 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.