Peoples Bancorp (NasdaqGS:PEBO) - Share price, News & Analysis

PEBO fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	3/6
Past Performance	2/6
Financial Health	6/6
Dividends	6/6

PEBO Stock Overview

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

Rewards

Trading at 61.4% below our estimate of its fair value

Earnings are forecast to grow 13.38% per year

Earnings have grown 5.3% per year over the past 5 years

Pays a high and reliable dividend of 5.41%

Risk Analysis

Large one-off items impacting financial results

Shareholders have been diluted in the past year

Peoples Bancorp Competitors

United Bankshares

NasdaqGS:UBSI

US$5.0b

Community Bank System

NYSE:CBU

US$3.6b

Atlantic Union Bankshares

NasdaqGS:AUB

US$2.6b

Fulton Financial

NasdaqGS:FULT

US$2.5b

Price History & Performance

Summary of all time highs, changes and price drops for Peoples Bancorp
Historical stock prices
Current Share Price	US$28.10
52 Week High	US$34.63
52 Week Low	US$26.56
Beta	0.85
1 Month Change	0.39%
3 Month Change	-11.13%
1 Year Change	-13.49%
3 Year Change	-9.09%
5 Year Change	-10.65%
Change since IPO	721.39%

Recent News & Updates

Apr 29

Peoples Bancorp's (NASDAQ:PEBO) Upcoming Dividend Will Be Larger Than Last Year's

Peoples Bancorp Inc. ( NASDAQ:PEBO ) has announced that it will be increasing its dividend on the 23rd of May to...

Shareholder Returns

	PEBO	US Banks	US Market
7D	3.6%	8.9%	6.2%
1Y	-13.5%	-13.3%	-11.4%

Return vs Industry: PEBO matched the US Banks industry which returned -13.3% over the past year.

Return vs Market: PEBO underperformed the US Market which returned -10.2% over the past year.

Price Volatility

Is PEBO's price volatile compared to industry and market?
PEBO volatility
PEBO Average Weekly Movement	3.7%
Banks Industry Average Movement	3.8%
Market Average Movement	7.8%
10% most volatile stocks in US Market	17.0%
10% least volatile stocks in US Market	2.8%

Stable Share Price: PEBO is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: PEBO's weekly volatility (4%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1902	1,188	Chuck Sulerzyski	https://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 and industrial, commercial real estate, construction, finance, residential real estate, and consumer indirect and direct loans, as well as home equity lines of credit and overdrafts. It also offers debit and automated teller machine (ATM) cards; safe deposit rental facilities; money orders and cashier’s checks; and telephone, mobile, and Internet-based banking services.

Peoples Bancorp Fundamentals Summary

How do Peoples Bancorp's earnings and revenue compare to its market cap?
PEBO fundamental statistics
Market Cap	US$785.09m
Earnings (TTM)	US$55.35m
Revenue (TTM)	US$264.64m

14.2x

P/E Ratio

1.0x

P/B Ratio

Is PEBO overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
PEBO income statement (TTM)
Revenue	US$264.64m
Cost of Revenue	US$4.41m
Gross Profit	US$260.24m
Other Expenses	US$204.89m
Earnings	US$55.35m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	1.98
Gross Margin	98.33%
Net Profit Margin	20.91%
Debt/Equity Ratio	44.2%

How did PEBO perform over the long term?

See historical performance and comparison

Dividends

5.4%

Current Dividend Yield

63%

Payout Ratio

Valuation

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

Valuation Score

4/6

Valuation Score 4/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: PEBO ($28.1) is trading below our estimate of fair value ($72.72)

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

Price To Earnings Ratio

PE vs Industry: PEBO is poor value based on its Price-To-Earnings Ratio (14.2x) compared to the US Banks industry average (9.9x).

PE vs Market: PEBO is good value based on its Price-To-Earnings Ratio (14.2x) compared to the US market (15.6x).

Price to Earnings Growth Ratio

PEG Ratio: PEBO is poor value based on its PEG Ratio (1.1x)

Price to Book Ratio

PB vs Industry: PEBO is good value based on its Price-To-Book Ratio (1x) compared to the US Banks industry average (1.1x).

Future Growth

How is Peoples Bancorp forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

Future Growth Score

3/6

Future Growth Score 3/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

13.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: PEBO's forecast earnings growth (13.4% per year) is above the savings rate (1.9%).

Earnings vs Market: PEBO's earnings (13.4% per year) are forecast to grow faster than the US market (13.2% per year).

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

Revenue vs Market: PEBO's revenue (10.1% per year) is forecast to grow faster than the US market (8.1% per year).

High Growth Revenue: PEBO's revenue (10.1% 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 (10.8%).

Past Performance

How has Peoples Bancorp performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

5.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: PEBO has a large one-off loss of $21.7M impacting its March 31 2022 financial results.

Growing Profit Margin: PEBO's current net profit margins (20.9%) are lower than last year (25.4%).

Past Earnings Growth Analysis

Earnings Trend: PEBO's earnings have grown by 5.3% per year over the past 5 years.

Accelerating Growth: PEBO's earnings growth over the past year (9.3%) exceeds its 5-year average (5.3% per year).

Earnings vs Industry: PEBO earnings growth over the past year (9.3%) underperformed the Banks industry 20.9%.

Return on Equity

High ROE: PEBO's Return on Equity (6.9%) is considered low.

Financial Health

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

Financial Health Score

6/6

Financial Health Score 6/6

Asset Level
Allowance for Bad Loans
Low Risk Liabilities
Loan Level
Low Risk Deposits
Level of Bad Loans

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Financial Institutions Analysis

Asset Level: PEBO's Assets to Equity ratio (9x) is low.

Allowance for Bad Loans: PEBO has a sufficient allowance for bad loans (144%).

Low Risk Liabilities: 93% of PEBO's liabilities are made up of primarily low risk sources of funding.

Loan Level: PEBO has an appropriate level of Loans to Assets ratio (62%).

Low Risk Deposits: PEBO's Loans to Deposits ratio (75%) is appropriate.

Level of Bad Loans: PEBO has an appropriate level of bad loans (0.8%).

Dividend

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

Dividend Score

6/6

Dividend Score 6/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

5.41%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: PEBO's dividend (5.41%) is higher than the bottom 25% of dividend payers in the US market (1.49%).

High Dividend: PEBO's dividend (5.41%) is in the top 25% of dividend payers in the US market (3.92%)

Stability and Growth of Payments

Stable Dividend: PEBO's dividends per share have been stable in the past 10 years.

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

Current Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (63.3%), 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 (44.9% payout ratio).

Discover strong dividend paying companies

Management

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

2.0yrs

Average management tenure

CEO

Chuck Sulerzyski (64 yo)

11.08yrs

Tenure

US$1,461,456

Compensation

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

CEO Compensation Analysis

Compensation vs Market: Chuck's total compensation ($USD1.46M) is below average for companies of similar size in the US market ($USD3.81M).

Compensation vs Earnings: Chuck's compensation has been consistent with company performance over the past year.

Leadership Team

Experienced Management: PEBO's management team is not considered experienced ( 2 years average tenure), which suggests a new team.

Board Members

Experienced Board: PEBO's board of directors are considered experienced (7.5 years average tenure).

Ownership

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

Insider Trading Volume

Insider Buying: PEBO insiders have bought more shares than they have sold 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 44.5%.

Data	Last Updated (UTC time)
Company Analysis	2022/05/28 00:00
End of Day Share Price	2022/05/27 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31