Peoples Bancorp Inc. Forecasted to Earn FY2017 Earnings of $2.08 Per Share (PEBO)

Peoples Bancorp Inc. (NASDAQ:PEBO) – Equities researchers at Boenning Scattergood issued their FY2017 earnings per share estimates for shares of Peoples Bancorp in a report released on Wednesday. Boenning Scattergood analyst S. Beury forecasts that the bank will post earnings of $2.08 per share for the year. Boenning Scattergood currently has a “Hold” rating on the stock. Boenning Scattergood also issued estimates for Peoples Bancorp’s Q1 2018 earnings at $0.64 EPS, Q2 2018 earnings at $0.24 EPS, Q3 2018 earnings at $0.66 EPS, Q4 2018 earnings at $0.65 EPS and FY2018 earnings at $2.20 EPS.

Peoples Bancorp (NASDAQ:PEBO) last issued its quarterly earnings data on Tuesday, October 24th. The bank reported $0.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.09. The business had revenue of $41.83 million for the quarter, compared to analysts’ expectations of $41.96 million. Peoples Bancorp had a return on equity of 7.99% and a net margin of 21.10%.

PEBO has been the topic of several other reports. Zacks Investment Research raised Peoples Bancorp from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a report on Thursday, January 4th. BidaskClub cut Peoples Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, January 3rd. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $34.00 price objective on shares of Peoples Bancorp in a report on Tuesday, October 3rd. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Peoples Bancorp presently has a consensus rating of “Hold” and an average price target of $34.67.

Shares of Peoples Bancorp (NASDAQ PEBO) opened at $33.76 on Monday. The stock has a market capitalization of $629.78, a P/E ratio of 16.71, a PEG ratio of 1.98 and a beta of 0.73. Peoples Bancorp has a twelve month low of $29.55 and a twelve month high of $35.43. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.43.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in shares of Peoples Bancorp during the 3rd quarter valued at approximately $103,000. Citigroup Inc. increased its position in shares of Peoples Bancorp by 361.7% during the 2nd quarter. Citigroup Inc. now owns 6,694 shares of the bank’s stock valued at $215,000 after purchasing an additional 5,244 shares during the last quarter. Wedge Capital Management L L P NC bought a new position in shares of Peoples Bancorp during the 3rd quarter valued at approximately $252,000. Virginia Retirement Systems ET AL bought a new position in shares of Peoples Bancorp during the 3rd quarter valued at approximately $272,000. Finally, Goldman Sachs Group Inc. increased its position in shares of Peoples Bancorp by 36.5% during the 2nd quarter. Goldman Sachs Group Inc. now owns 9,344 shares of the bank’s stock valued at $300,000 after purchasing an additional 2,499 shares during the last quarter. 63.50% of the stock is currently owned by hedge funds and other institutional investors.

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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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