DA Davidson Boosts Earnings Estimates for Peoples Bancorp

Peoples Bancorp Inc. (NASDAQ:PEBO) – Stock analysts at DA Davidson increased their FY2025 earnings per share estimates for Peoples Bancorp in a research report issued on Wednesday, January 22nd. DA Davidson analyst M. Navas now anticipates that the bank will post earnings per share of $3.60 for the year, up from their previous forecast of $3.30. DA Davidson has a “Buy” rating and a $40.00 price target on the stock. The consensus estimate for Peoples Bancorp’s current full-year earnings is $3.19 per share.

Peoples Bancorp (NASDAQ:PEBO) last announced its quarterly earnings results on Tuesday, January 21st. The bank reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.01. Peoples Bancorp had a return on equity of 11.07% and a net margin of 18.90%. During the same period in the previous year, the business earned $1.04 EPS.

Several other brokerages also recently issued reports on PEBO. Stephens reiterated an “equal weight” rating and set a $37.50 price target on shares of Peoples Bancorp in a research report on Wednesday. Keefe, Bruyette & Woods raised their target price on Peoples Bancorp from $32.00 to $36.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Finally, Piper Sandler upped their price objective on shares of Peoples Bancorp from $39.00 to $40.00 and gave the company an “overweight” rating in a research report on Wednesday. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $36.90.

Peoples Bancorp Stock Performance

NASDAQ:PEBO opened at $32.68 on Friday. 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 stock has a market capitalization of $1.16 billion, a P/E ratio of 9.87 and a beta of 0.79. The firm has a 50 day moving average of $33.19 and a 200-day moving average of $31.92. Peoples Bancorp has a 1 year low of $26.74 and a 1 year high of $37.07.

Institutional Trading of Peoples Bancorp

A number of large investors have recently added to or reduced their stakes in PEBO. FMR LLC boosted its position in Peoples Bancorp by 42.0% during the third quarter. FMR LLC now owns 1,252 shares of the bank’s stock worth $38,000 after purchasing an additional 370 shares during the period. CWM LLC increased its stake in shares of Peoples Bancorp by 503.9% during the third quarter. CWM LLC now owns 1,860 shares of the bank’s stock worth $56,000 after purchasing an additional 1,552 shares during the period. nVerses Capital LLC lifted its holdings in Peoples Bancorp by 322.2% during the 3rd quarter. nVerses Capital LLC now owns 3,800 shares of the bank’s stock worth $114,000 after purchasing an additional 2,900 shares during the last quarter. Quantbot Technologies LP grew its holdings in Peoples Bancorp by 223.3% in the 3rd quarter. Quantbot Technologies LP now owns 3,964 shares of the bank’s stock valued at $119,000 after buying an additional 2,738 shares in the last quarter. Finally, Future Financial Wealth Managment LLC acquired a new position in Peoples Bancorp in the 3rd quarter valued at $123,000. Institutional investors and hedge funds own 60.68% of the company’s stock.

Insider Buying and Selling at Peoples Bancorp

In related news, Director Carol A. Schneeberger sold 1,000 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $34.13, for a total transaction of $34,130.00. Following the sale, the director now owns 29,322 shares in the company, valued at approximately $1,000,759.86. This represents a 3.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director S Craig Beam sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $34.31, for a total value of $137,240.00. Following the completion of the transaction, the director now owns 23,760 shares of the company’s stock, valued at approximately $815,205.60. This represents a 14.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,000 shares of company stock valued at $411,010 in the last 90 days. 3.46% of the stock is currently owned by company insiders.

Peoples Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 4.90%. The ex-dividend date is Monday, February 3rd. Peoples Bancorp’s dividend payout ratio (DPR) is presently 48.34%.

Peoples Bancorp Company Profile

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.