Peoples Bancorp (NASDAQ:PEBO) Releases Quarterly Earnings Results

Peoples Bancorp (NASDAQ:PEBO) announced its earnings results on Tuesday. The bank reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.01, RTT News reports. Peoples Bancorp had a return on equity of 11.84% and a net margin of 20.16%. During the same quarter last year, the company posted $1.04 EPS.

Peoples Bancorp Price Performance

PEBO stock opened at $31.30 on Tuesday. Peoples Bancorp has a 1 year low of $26.74 and a 1 year high of $37.07. The firm has a market capitalization of $1.11 billion, a PE ratio of 8.92 and a beta of 0.79. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.83 and a quick ratio of 0.83. The business has a 50 day simple moving average of $33.39 and a 200-day simple moving average of $31.90.

Peoples Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 5.11%. Peoples Bancorp’s dividend payout ratio is currently 45.58%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Piper Sandler lowered their price target on Peoples Bancorp from $39.00 to $36.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. Keefe, Bruyette & Woods lifted their target price on shares of Peoples Bancorp from $32.00 to $36.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Four equities 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.com, the company has an average rating of “Hold” and an average price target of $34.25.

Insiders Place Their Bets

In other Peoples Bancorp news, insider Matthew Edgell sold 3,000 shares of Peoples Bancorp stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $34.36, for a total transaction of $103,080.00. Following the transaction, the insider now directly owns 16,092 shares of the company’s stock, valued at $552,921.12. The trade was a 15.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Carol A. Schneeberger sold 1,000 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $34.13, for a total transaction of $34,130.00. Following the completion of the sale, the director now directly owns 29,322 shares of the company’s stock, valued at approximately $1,000,759.86. This trade represents a 3.30 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,420 shares of company stock valued at $424,076. Insiders own 3.46% of the company’s stock.

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.