Stock Analysis Report

Executive Summary

Peoples Bancorp Inc. operates as the holding company for Peoples Bank that provides commercial and retail banking products and services.

Snowflake Analysis

Undervalued with excellent balance sheet and pays a dividend.

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Share Price & News

How has Peoples Bancorp's share price performed over time and what events caused price changes?

Latest Share Price and Events

Stable Share Price: PEBO has not had significant price volatility in the past 3 months.

Market Performance

7 Day Return




US Banks


US Market

1 Year Return




US Banks


US Market

Return vs Industry: PEBO underperformed the US Banks industry which returned 11.1% over the past year.

Return vs Market: PEBO underperformed the US Market which returned 19.3% over the past year.

Shareholder returns

7 Day-1.8%-0.3%0.06%
30 Day-8.1%-0.5%1.7%
90 Day-1.0%0.6%9.0%
1 Year-1.0%-5.0%14.4%11.1%21.8%19.3%
3 Year8.9%-1.7%24.7%15.7%49.5%39.9%
5 Year59.7%36.1%74.9%55.1%73.1%54.1%

Price Volatility Vs. Market

How volatile is Peoples Bancorp's share price compared to the market and industry in the last 5 years?

Simply Wall St News


Is Peoples Bancorp undervalued compared to its fair value and its price relative to the market?


Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: PEBO ($32.62) is trading below our estimate of fair value ($46.23)

Significantly Below Fair Value: PEBO is trading below fair value by more than 20%.

Price To Earnings Ratio

PE vs Industry: PEBO is good value based on its PE Ratio (12.2x) compared to the Banks industry average (12.6x).

PE vs Market: PEBO is good value based on its PE Ratio (12.2x) compared to the US market (18.5x).

Price to Earnings Growth Ratio

PEG Ratio: PEBO is poor value based on its PEG Ratio (2.1x)

Price to Book Ratio

PB vs Industry: PEBO is good value based on its PB Ratio (1.1x) compared to the US Banks industry average (1.2x).

Next Steps

Future Growth

How is Peoples Bancorp forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?


Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: PEBO's forecast earnings growth (5.8% per year) is above the savings rate (1.7%).

Earnings vs Market: PEBO's earnings (5.8% per year) are forecast to grow slower than the US market (14.2% per year).

High Growth Earnings: PEBO's earnings are forecast to grow, but not significantly.

Revenue vs Market: PEBO's revenue (4.1% per year) is forecast to grow slower than the US market (7.6% per year).

High Growth Revenue: PEBO's revenue (4.1% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: PEBO's Return on Equity is forecast to be low in 3 years time (9.5%).

Next Steps

Past Performance

How has Peoples Bancorp performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: PEBO has high quality earnings.

Growing Profit Margin: PEBO's current net profit margins (26.5%) are higher than last year (25.4%).

Past Earnings Growth Analysis

Earnings Trend: PEBO's earnings have grown significantly by 28.2% per year over the past 5 years.

Accelerating Growth: PEBO's earnings growth over the past year (16.7%) is below its 5-year average (28.2% per year).

Earnings vs Industry: PEBO earnings growth over the past year (16.7%) exceeded the Banks industry 12.2%.

Return on Equity

High ROE: PEBO's Return on Equity (9%) is considered low.

Return on Assets

Return on Capital Employed

Next Steps

Financial Health

How is Peoples Bancorp's financial position? (This company is analysed differently as a bank or financial institution)

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Inventory Level: PEBO has a low level of unsold assets or inventory.

Debt Coverage by Assets: PEBO's debt is not covered by short term assets (assets are 0.3x debt).

Financial Institutions Analysis

Asset Level: PEBO's level of assets compared to its equity is low.

Allowance for Bad Loans: PEBO has a low allowance for bad loans.

Low Risk Liabilities: PEBO's liabilities are made up of primarily low risk sources of funding.

Loan Level: PEBO has an acceptable proportion of non-loan assets held.

Low Risk Deposits: PEBO's loans are broadly funded by customer deposits.

Level of Bad Loans: PEBO has an appropriate level of bad loans (0.76%)

Next Steps


What is Peoples Bancorp's current dividend yield, its reliability and sustainability?


Current Dividend Yield

Dividend Yield vs Market


Current dividend yield vs market & industry

Notable Dividend: PEBO's dividend (4.17%) is higher than the bottom 25% of dividend payers in the US market (1.44%).

High Dividend: PEBO's dividend (4.17%) is in the top 25% of dividend payers in the US market (3.71%)

Stability and Growth of Payments

Stable Dividend: PEBO's dividend payments have been volatile in the past 10 years.

Growing Dividend: PEBO's dividend payments have increased over the past 10 years.

Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (51%), PEBO's dividend payments are covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: PEBO's dividends in 3 years are forecast to be well covered by earnings (47.8% payout ratio).

Next Steps


How experienced are the management team and are they aligned to shareholders interests?


Average management tenure


Chuck Sulerzyski (61yo)





Mr. Charles W. Sulerzyski, also known as Chuck, has been the Chief Executive Officer and President of Peoples Bancorp Inc. and Peoples Bank since April 4, 2011. Mr. Sulerzyski served as the President of Gr ...

CEO Compensation Analysis

Compensation vs Market: Chuck's total compensation ($USD1.40M) is below average for companies of similar size in the US market ($USD2.48M).

Compensation vs Earnings: Chuck's compensation has increased by more than 20% in the past year.

Leadership Team

Charles Sulerzyski
President8.8yrsUS$1.40m0.26% $1.8m
John Rogers
Executive VP4.3yrsUS$602.70k0.081% $540.1k
Carol Schneeberger
Executive VP & Chief Administrative Officer8.6yrsUS$507.73k0.29% $1.9m
Robyn Stevens
Executive VP & Chief Credit Officer3.7yrsUS$452.97k0.065% $430.5k
Douglas Wyatt
Executive VP & Chief Commercial Banking Officer2.8yrsUS$506.05k0.063% $417.8k
M. Kirkham
Executive VP0yrsno data0.026% $170.3k
David Grossman
Controller0yrsno datano data
Sandra DeLong
Vice President of Treasury Management and Public Funds0yrsno datano data
Amy Auch
Assistant Corporate Secretary0yrsno datano data
Anne Gilliland
Assistant Corporate Secretary0yrsno datano data


Average Tenure


Average Age

Experienced Management: PEBO's management team is considered experienced (4.3 years average tenure).

Board Members

Charles Sulerzyski
President8.8yrsUS$1.40m0.26% $1.8m
Carl Baker
Director Emeritus0yrsUS$9.59kno data
George Broughton
Vice Chairman of the Board6.6yrsUS$74.22k0.70% $4.7m
David Mead
Chairman of the Board3.8yrsUS$107.61k0.074% $493.9k
S. Beam
Independent Director4.9yrsUS$70.45k0.11% $744.2k
David Dierker
Independent Director5.7yrsUS$86.34k0.031% $208.8k
Brooke James
Independent Director4.9yrsUS$74.61k0.89% $5.9m
Susan Rector
Independent Director8.5yrsUS$76.34k0.077% $514.4k
James Huggins
Director8yrsUS$81.61k0.038% $251.1k
Tara Abraham
Independent Director7.8yrsUS$79.04k0.033% $221.5k


Average Tenure


Average Age

Experienced Board: PEBO's board of directors are considered experienced (6.6 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: PEBO insiders have only sold shares in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 5.9%.

Top Shareholders

Company Information

Peoples Bancorp Inc.'s company bio, employee growth, exchange listings and data sources

Key Information

  • Name: Peoples Bancorp Inc.
  • Ticker: PEBO
  • Exchange: NasdaqGS
  • Founded: 1902
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$664.305m
  • Shares outstanding: 20.36m
  • Website:

Number of Employees


  • Peoples Bancorp Inc.
  • 138 Putnam Street
  • PO Box 738
  • Marietta
  • Ohio
  • 45750
  • United States


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PEBONasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDDec 1990


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. It also offers overdraft protection services; debit and automated teller machine (ATM) cards; corporate and personal trust services; safe deposit rental facilities; money orders and cashier’s checks; and telephone, mobile, and Internet-based banking services. In addition, the company provides various life, health, and property and casualty insurance products; and fiduciary and asset management and administration services, as well as employee benefit plans. Further, it offers brokerage services through an unaffiliated registered broker-dealers; and credit cards to individuals and businesses, as well as provides merchant credit card transaction processing services through joint marketing arrangements with third parties. As of March 01, 2019, the company operated 81 locations, including 72 full-service bank branches and 76 ATMs in Ohio, West Virginia, and Kentucky. Peoples Bancorp Inc. was founded in 1902 and is based in Marietta, Ohio. 

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/22 00:57
End of Day Share Price2020/02/21 00:00
Annual Earnings2019/12/31

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.