) is a Zacks #1 Rank (Strong Buy) after posting four upside
surprises and gets higher estimates for 2012.
Peoples Bancorp Inc. operates as a holding company for Peoples
Bank, National Association that provides financial products and
services. It offers commercial and retail banking, insurance,
brokerage, and trust services. The company offers its financial
products and services through 47 financial service locations and 40
ATMs in southeastern Ohio, northwestern West Virginia, and
northeastern Kentucky. Peoples Bancorp Inc. was founded in 1902 and
is based in Marietta, Ohio.
Four straight Beats Lead to Stock Appreciation
PEBO has topped the Zacks Consensus Estimate in each of the last
four quarters with the average surprise coming in on average 29%
ahead of expectations. These beats have ranged from a high of $0.11
down to $0.01 on two occasions.
Surprisingly, the surprise of $0.01 for the March 2011 quarter,
which represented an 8% beat, was the biggest mover for the stock.
Following that report, the stock moved higher by 11%. The biggest
beat, in absolute terms, of $0.11 for the September 2011 quarter,
saw the stock decrease by 5% after the release.
PEBO Recently Reported Earnings
On January 24, 2012 the company reported revenue of $22 million in
line with estimates and equivalent to the year ago period. In
addition, earnings per share came in at $0.33 up from $0.01 posted
a year ago and $0.01 ahead of the Zacks Consensus Estimate.
Earnings Estimates Bumped Up
Following the most recent earnings report, analysts bumped up their
earnings estimates for 2012. The Zacks Consensus Estimate for 2012
EPS moved from $1.16 in November 2011 to the current level of
PEBO trades at a premium to its peer group in terms of trailing
twelve months earnings and at a discount to forward earnings. A
price to sales multiple of 1.6x is a slight discount to the peer
group average of 1.8x.
A quick look at the price and consensus chart shows that PEBO has
tracked earnings estimates closely for the better part of the last
two years. With recent move in the stock driven by what looks to be
2013 estimates, aggressive growth investors will keep an eye on
future earnings revisions to get a heads up on where the stock is
going. PEBO is a Zacks #1 Rank (Strong Buy).
Brian Bolan is the Aggressive Growth Stock Strategist for
Zacks.com. He is also the Editor in charge of the
Run Investor service
PEOPL BNCP-OHIO (
): Free Stock Analysis Report
To read this article on Zacks.com click here.