Latest Stocks: Peoples Bancorp Inc. (PEBO) Expected to Announce Quarterly Sales of $40.81 Million

Latest Stocks: Peoples Bancorp Inc. (PEBO) Expected to Announce Quarterly Sales of $40.81 Million

Wall Street analysts predict that Peoples Bancorp Inc. (NASDAQ:PEBO) will report $40.81 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Peoples Bancorp’s earnings, with estimates ranging from $40.15 million to $41.6 million. Peoples Bancorp posted sales of $38.68 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 5.5%. The company is expected to announce its next earnings report on Tuesday, July 25th.

On average, analysts expect that Peoples Bancorp will report full-year sales of $40.81 million for the current year, with estimates ranging from $163.04 million to $167.5 million. For the next financial year, analysts forecast that the company will post sales of $174.56 million per share, with estimates ranging from $172.3 million to $178.1 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Peoples Bancorp.

Peoples Bancorp (NASDAQ:PEBO) last announced its quarterly earnings results on Tuesday, April 25th. The bank reported $0.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.02. The company had revenue of $40.28 million for the quarter, compared to analysts’ expectations of $40.67 million. Peoples Bancorp had a net margin of 18.71% and a return on equity of 7.15%. A number of equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods restated a “hold” rating and set a $32.00 price target on shares of Peoples Bancorp in a research note on Wednesday, April 26th. DA Davidson assumed coverage on Peoples Bancorp in a research note on Thursday, March 23rd. They set a “neutral” rating and a $33.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $33.67.

Shares of Peoples Bancorp (NASDAQ:PEBO) traded down 5.25% during trading on Friday, reaching $31.04. 18,951 shares of the company were exchanged. The firm’s 50 day moving average is $32.49 and its 200 day moving average is $31.22. Peoples Bancorp has a 1-year low of $19.55 and a 1-year high of $35.43. The firm has a market capitalization of $558.19 million, a P/E ratio of 17.74 and a beta of 0.75. The firm also recently declared a quarterly dividend, which will be paid on Friday, May 19th. Stockholders of record on Friday, May 5th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, May 3rd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.44%. Peoples Bancorp’s payout ratio is 46.51%.

Shares of Peoples Bancorp (NASDAQ:PEBO) traded down 5.25% during trading on Friday, reaching $31.04. 18,951 shares of the company were exchanged. The firm’s 50 day moving average is $32.49 and its 200 day moving average is $31.22. Peoples Bancorp has a 1-year low of $19.55 and a 1-year high of $35.43. The firm has a market capitalization of $558.19 million, a P/E ratio of 17.74 and a beta of 0.75. Large investors have recently modified their holdings of the company. Parametric Portfolio Associates LLC raised its stake in shares of Peoples Bancorp by 1.3% in the first quarter. Parametric Portfolio Associates LLC now owns 15,961 shares of the bank’s stock worth $505,000 after buying an additional 210 shares during the last quarter. Acrospire Investment Management LLC raised its stake in shares of Peoples Bancorp by 11.9% in the third quarter. Acrospire Investment Management LLC now owns 4,793 shares of the bank’s stock worth $118,000 after buying an additional 510 shares during the last quarter. American International Group Inc. raised its stake in shares of Peoples Bancorp by 7.1% in the first quarter. American International Group Inc. now owns 9,897 shares of the bank’s stock worth $313,000 after buying an additional 659 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of Peoples Bancorp by 6.6% in the first quarter. Russell Investments Group Ltd. now owns 13,378 shares of the bank’s stock worth $423,000 after buying an additional 834 shares during the last quarter. Finally, California Public Employees Retirement System raised its stake in shares of Peoples Bancorp by 1.8% in the first quarter. California Public Employees Retirement System now owns 56,100 shares of the bank’s stock worth $1,776,000 after buying an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 57.70% of the company’s stock.

Peoples Bancorp Company Profile Peoples Bancorp Inc is a financial holding company. The Company operates principally through its subsidiary, Peoples Bank. Peoples Bank’s operating subsidiaries include Peoples Insurance Agency, LLC (Peoples Insurance) and two asset management companies, PBNA, LLC. and Peoples Tax Credit Equity, LLC.

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