Peoples Bancorp Inc. (NASDAQ:PEBO) is reporting third quarter financial results on Tuesday 20th October 2020, before market open.
According to analysts surveyed by Thomson Reuters, PEBO is expected to report 3Q20 income of $ 0.48 per share from revenue of $ 51.15 million.
For the full year, analysts anticipate top line of $ 205.19 million, while looking forward to income of $ 1.30 per share bottom line.
Previous Quarter Performance
Peoples Bancorp Inc. disclosed income for the second quarter of $ 0.23 per share, from the revenue of $ 49.52 million. The quarterly earnings decreased 50.00 percent while revenues reduced 4.70 percent compared with the same quarter last year.
Street analysts expected Peoples Bancorp Inc. to report income of $ 0.13 per share on revenue of $ 51.34 million for the second quarter. The bottom line results beat street analysts by $ 0.1 or 76.92 percent, at the same time, top line results fell short of analysts by $ 1.82 million or 3.54 percent.
Stock Performance
Shares of Peoples Bancorp Inc. traded low $ -0.17 or -0.78 percent on Monday, reaching $ 21.50 with volume of 88.40 thousand shares. Peoples Bancorp Inc. has traded high as $ 21.85 and has cracked $ 21.46 on the downward trend
According to the previous trading day, closing price of $ 21.50, representing a 20.99 % increase from the 52 week low of $ 17.91 and a 44.83 % decrease over the 52 week high of $ 39.28.
The company has a market capital of $ 428.28 million and is part of the Financial Services sector and Banks – Regional – US industry.
Recent Analyst recommendations
- On 29th September 2020, maintained by Piper Sandler at Neutral rating, with $ 21.50 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.34 per share on July 21, 2020. The dividend were payable on August 17, 2020 to holders of record as of the close of business on August 3, 2020 and ex-dividend date on July 31, 2020.
Conference Call
Peoples Bancorp Inc. will be hosting a conference call at 11:00 AM eastern time on 20th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.peoplesbancorp.com
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.
