Wall Street brokerages forecast that Peoples Bancorp Inc. (NASDAQ:PEBO) will announce $47.46 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Peoples Bancorp’s earnings, with the lowest sales estimate coming in at $47.10 million and the highest estimate coming in at $48.02 million. Peoples Bancorp posted sales of $41.83 million during the same quarter last year, which indicates a positive year-over-year growth rate of 13.5%. The company is scheduled to issue its next quarterly earnings report before the market opens on Tuesday, October 23rd.
On average, analysts expect that Peoples Bancorp will report full year sales of $185.91 million for the current year, with estimates ranging from $185.20 million to $187.02 million. For the next year, analysts forecast that the business will post sales of $198.49 million, with estimates ranging from $196.40 million to $200.78 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Peoples Bancorp.
Peoples Bancorp (NASDAQ:PEBO) last released its quarterly earnings results on Tuesday, July 24th. The bank reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. Peoples Bancorp had a return on equity of 9.07% and a net margin of 20.70%. The firm had revenue of $46.62 million during the quarter, compared to the consensus estimate of $46.56 million.
NASDAQ:PEBO traded down $0.25 during trading hours on Friday, reaching $33.36. 58,700 shares of the stock were exchanged, compared to its average volume of 42,935. Peoples Bancorp has a twelve month low of $30.84 and a twelve month high of $39.58. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.23. The company has a market cap of $660.50 million, a P/E ratio of 14.76, a price-to-earnings-growth ratio of 1.61 and a beta of 0.68.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in PEBO. SG Americas Securities LLC acquired a new stake in shares of Peoples Bancorp in the 1st quarter valued at approximately $114,000. UBS Group AG boosted its holdings in shares of Peoples Bancorp by 26.8% in the 1st quarter. UBS Group AG now owns 6,908 shares of the bank’s stock valued at $245,000 after buying an additional 1,460 shares during the last quarter. Hancock Holding Co. acquired a new stake in shares of Peoples Bancorp in the 1st quarter valued at approximately $269,000. MetLife Investment Advisors LLC boosted its holdings in shares of Peoples Bancorp by 27.1% in the 2nd quarter. MetLife Investment Advisors LLC now owns 8,443 shares of the bank’s stock valued at $319,000 after buying an additional 1,802 shares during the last quarter. Finally, US Bancorp DE boosted its holdings in shares of Peoples Bancorp by 5,073.7% in the 2nd quarter. US Bancorp DE now owns 8,847 shares of the bank’s stock valued at $335,000 after buying an additional 8,676 shares during the last quarter. 61.68% of the stock is owned by institutional investors.
About Peoples Bancorp
Peoples Bancorp Inc operates as the holding company for Peoples Bank that provides commercial and retail banking products and services. The company accepts various deposit products, including demand deposit accounts, savings accounts, money market accounts, and certificates of deposit; and provides commercial real estate construction loans, other commercial real estate loans, commercial and industrial loans, residential real estate loans, home equity lines of credit, and indirect and other consumer loans.
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