Brokers Set Expectations for Peoples Bancorp Inc.’s FY2017 Earnings (PEBO)

Peoples Bancorp Inc. (NASDAQ:PEBO) – Boenning Scattergood issued their FY2017 earnings per share estimates for Peoples Bancorp in a note issued to investors on Wednesday. Boenning Scattergood analyst S. Beury expects that the bank will earn $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 results on Tuesday, October 24th. The bank reported $0.60 earnings per share for the quarter, topping the Zacks’ 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 firm had revenue of $41.83 million during the quarter, compared to the consensus estimate of $41.96 million.

PEBO has been the subject of a number of other reports. Zacks Investment Research upgraded Peoples Bancorp from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a report on Thursday, January 4th. BidaskClub downgraded Peoples Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $34.00 target price on shares of Peoples Bancorp in a research note 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 stock. Peoples Bancorp currently has an average rating of “Hold” and an average target price of $34.67.

Shares of Peoples Bancorp (NASDAQ:PEBO) opened at $34.45 on Monday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.43. Peoples Bancorp has a 1-year low of $29.55 and a 1-year high of $35.43. The firm has a market capitalization of $629.78, a PE ratio of 17.05, a price-to-earnings-growth ratio of 1.98 and a beta of 0.73.

Several institutional investors and hedge funds have recently modified their holdings of the company. Thrivent Financial For Lutherans grew its stake in shares of Peoples Bancorp by 2.7% in the 2nd quarter. Thrivent Financial For Lutherans now owns 23,050 shares of the bank’s stock valued at $741,000 after buying an additional 600 shares during the period. Context BH Capital Management LP grew its stake in shares of Peoples Bancorp by 1.6% in the 2nd quarter. Context BH Capital Management LP now owns 37,404 shares of the bank’s stock valued at $1,202,000 after buying an additional 600 shares during the period. Voya Investment Management LLC grew its stake in shares of Peoples Bancorp by 8.4% in the 2nd quarter. Voya Investment Management LLC now owns 12,654 shares of the bank’s stock valued at $407,000 after buying an additional 983 shares during the period. Sii Investments Inc. WI grew its stake in shares of Peoples Bancorp by 6.2% in the 2nd quarter. Sii Investments Inc. WI now owns 19,980 shares of the bank’s stock valued at $637,000 after buying an additional 1,170 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in shares of Peoples Bancorp by 36.5% in the 2nd quarter. Goldman Sachs Group Inc. now owns 9,344 shares of the bank’s stock valued at $300,000 after buying an additional 2,499 shares during the period. Institutional investors own 63.50% of the company’s stock.

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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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