Peoples Bancorp Inc. (NASDAQ:PEBO):
Peoples Bancorp Inc. Declares Quarterly Dividend.
The company is down from yesterday’s close of 33.82.
Peoples Bancorp Inc., launched on December 29, 1992, 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, L.L.C. and Peoples Tax Credit Equity, LLC. Peoples Investment Company has one subsidiary, Peoples Capital Corporation. Peoples Bank is an Ohio state-chartered bank. The Company offers banking, insurance, investment and trust solutions. Its products and services include various demand deposit accounts, savings accounts, money market accounts and certificates of deposit; commercial, consumer and real estate mortgage loans (both commercial and residential) and lines of credit; debit and automated teller machine (ATM) cards; credit cards for individuals and businesses; merchant credit card transaction processing services; corporate and personal trust services; safe deposit rental facilities; money orders and cashier’s checks; a full range of life, health and property and casualty insurance products; brokerage services, and custom-tailored fiduciary, employee benefit plans and asset management services..
Company shares are trading at $33.03 just above the 50 day moving average which is $32.81 and slightly over the 200 day moving average of $32.20. The 50 day moving average moved up $0.22 and the 200 day average was up $0.83.
The company currently has a P/E ratio of 17.85 and the market cap of the company is 595.07M. As of the latest earnings report the EPS was $1.85 and is estimated to be $2.03 for the current year with 18,016,000 shares now outstanding. Next quarter’s EPS is estimated at $0.51 with next year’s EPS projected to be $2.19.
Investors are more bullish on Peoples Bancorp Inc. lately as indicated by the fall in short interest. The stock had a fall in short interest of -0.92% as of September 29, 2017 from the last reporting period. Short shares fell from 337,893 to 334,776 over that period. With short interest at 334,776 and short average daily volume at 36,987, the short-interest ratio is 9.0 and the percentage of shorted shares is 0.02% as of September 29.