Q4 2017 EPS Estimates for Peoples Bancorp Inc. Reduced by Analyst (PEBO)
Peoples Bancorp Inc. (NASDAQ:PEBO) – Equities researchers at Boenning Scattergood dropped their Q4 2017 EPS estimates for shares of Peoples Bancorp in a note issued to investors on Wednesday. Boenning Scattergood analyst S. Beury now forecasts that the bank will earn $0.46 per share for the quarter, down from their prior forecast of $0.48. Boenning Scattergood currently has a “Hold” rating on the stock.
PEBO has been the subject of several other reports. Zacks Investment Research upgraded Peoples Bancorp from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a research report on Thursday, January 4th. BidaskClub downgraded Peoples Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, January 3rd. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $34.00 target price on shares of Peoples Bancorp in a research report on Tuesday, October 3rd. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $34.67.
Shares of Peoples Bancorp (NASDAQ PEBO) opened at $34.45 on Friday. Peoples Bancorp has a 52-week low of $29.55 and a 52-week high of $35.43. The firm has a market capitalization of $623.75, a price-to-earnings ratio of 17.50, a PEG ratio of 1.97 and a beta of 0.73. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.82 and a current ratio of 0.82.
Peoples Bancorp (NASDAQ:PEBO) last released its earnings results on Tuesday, October 24th. The bank reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.09. Peoples Bancorp had a return on equity of 7.99% and a net margin of 21.10%. The business had revenue of $41.83 million during the quarter, compared to the consensus estimate of $41.96 million.
Several large investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its holdings in shares of Peoples Bancorp by 2.1% in the third quarter. Dimensional Fund Advisors LP now owns 1,323,779 shares of the bank’s stock valued at $44,466,000 after acquiring an additional 27,733 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Peoples Bancorp by 8.5% in the second quarter. Vanguard Group Inc. now owns 739,754 shares of the bank’s stock valued at $23,768,000 after acquiring an additional 58,021 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Peoples Bancorp by 2.8% in the second quarter. The Manufacturers Life Insurance Company now owns 453,425 shares of the bank’s stock valued at $14,568,000 after acquiring an additional 12,302 shares in the last quarter. State Street Corp raised its holdings in shares of Peoples Bancorp by 32.5% in the second quarter. State Street Corp now owns 403,950 shares of the bank’s stock valued at $12,976,000 after acquiring an additional 99,066 shares in the last quarter. Finally, LSV Asset Management raised its holdings in shares of Peoples Bancorp by 5.9% in the second quarter. LSV Asset Management now owns 397,940 shares of the bank’s stock valued at $12,785,000 after acquiring an additional 22,092 shares in the last quarter. Institutional investors and hedge funds own 63.50% of the company’s stock.
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About Peoples Bancorp
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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