NasdaqGS:PEBO

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.

Rewards

Trading at 28.6% below its fair value

Earnings are forecast to grow 4.63% per year

Earnings grew by 27.4% over the past year

Risk Analysis

Unstable dividend track record

Shareholders have been diluted in the past year



Snowflake Analysis

Flawless balance sheet, undervalued and pays a dividend.


Similar Companies

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

-0.5%

PEBO

0.6%

US Banks

-0.3%

US Market


1 Year Return

0.4%

PEBO

19.0%

US Banks

18.6%

US Market

Return vs Industry: PEBO underperformed the US Banks industry which returned 19% over the past year.

Return vs Market: PEBO underperformed the US Market which returned 18.6% over the past year.


Shareholder returns

PEBOIndustryMarket
7 Day-0.5%0.6%-0.3%
30 Day-1.3%1.8%2.2%
90 Day7.3%15.8%5.6%
1 Year4.7%0.4%22.5%19.0%21.1%18.6%
3 Year16.3%5.4%30.1%21.0%45.6%36.2%
5 Year56.2%33.6%77.5%57.8%71.1%52.2%

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

Valuation

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

28.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PEBO ($32.69) is trading below our estimate of fair value ($45.76)

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 (12.4x) compared to the Banks industry average (12.7x).

PE vs Market: PEBO is good value based on its PE Ratio (12.4x) compared to the US market (18.5x).


Price to Earnings Growth Ratio

PEG Ratio: PEBO is poor value based on its PEG Ratio (2.7x)


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 5 analysts?

4.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PEBO's forecast earnings growth (4.6% per year) is above the savings rate (1.7%).

Earnings vs Market: PEBO's earnings (4.6% 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 (2.5% per year) is forecast to grow slower than the US market (7.4% per year).

High Growth Revenue: PEBO's revenue (2.5% 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 (9.2%).


Next Steps

Past Performance

How has Peoples Bancorp performed over the past 5 years?

28.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PEBO has high quality earnings.

Growing Profit Margin: PEBO's current net profit margins (26.3%) are higher than last year (23.4%).


Past Earnings Growth Analysis

Earnings Trend: PEBO's earnings have grown significantly by 28.3% per year over the past 5 years.

Accelerating Growth: PEBO's earnings growth over the past year (27.4%) is below its 5-year average (28.3% per year).

Earnings vs Industry: PEBO earnings growth over the past year (27.4%) exceeded the Banks industry 27.1%.


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 0.4x debt).


Financial Institutions Analysis

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

Allowance for Bad Loans: PEBO has a sufficient 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 (0.73%)


Next Steps

Dividend

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

4.16%

Current Dividend Yield


Dividend Yield vs Market

company4.2%marketbottom25%1.4%markettop25%3.7%industryaverage2.8%forecastin3Years4.2%

Current dividend yield vs market & industry

Notable Dividend: PEBO's dividend (4.16%) is higher than the bottom 25% of dividend payers in the US market (1.42%).

High Dividend: PEBO's dividend (4.16%) is in the top 25% of dividend payers in the US market (3.7%)


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 (50%), 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 covered by earnings (50.2% payout ratio).


Next Steps

Management

What is the CEO of Peoples Bancorp's salary, the management and board of directors tenure and is there insider trading?

4.1yrs

Average management tenure


CEO

Chuck Sulerzyski (61yo)

8.7yrs

Tenure

US$1,399,576

Compensation

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 ($USD1.40M) is below average for companies of similar size in the US market ($USD2.63M).

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


Management Age and Tenure

4.1yrs

Average Tenure

59yo

Average Age

Experienced Management: PEBO's management team is considered experienced (4.1 years average tenure).


Board Age and Tenure

6.0yrs

Average Tenure

61yo

Average Age

Experienced Board: PEBO's board of directors are considered experienced (6 years average tenure).


Insider Trading

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


Recent Insider Transactions

SellUS$35,42726 Nov 19
John Rogers
EntityIndividual
Role
Chief Financial Officer
Executive VP
Shares1,080
Max PriceUS$32.89
SellUS$12,27725 Nov 19
John Rogers
EntityIndividual
Role
Chief Financial Officer
Executive VP
Shares377
Max PriceUS$32.57
SellUS$184,72214 Nov 19
Charles Sulerzyski
EntityIndividual
Role
Chief Executive Officer
President
Shares5,649
Max PriceUS$32.70
SellUS$142,27814 Nov 19
Charles Sulerzyski
EntityIndividual
Role
Chief Executive Officer
President
Shares4,351
Max PriceUS$32.70
SellUS$164,50013 Nov 19
Charles Sulerzyski
EntityIndividual
Role
Chief Executive Officer
President
Shares5,000
Max PriceUS$32.90
SellUS$98,44230 Oct 19
George Broughton
EntityIndividual
Role
Vice Chairman
Vice Chairman of the Board
Shares3,000
Max PriceUS$32.81
SellUS$22,90712 Sep 19
S. Beam
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares714
Max PriceUS$32.15
SellUS$9,15311 Sep 19
S. Beam
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares286
Max PriceUS$32.01
SellUS$196,36829 Jul 19
George Broughton
EntityIndividual
Role
Vice Chairman
Vice Chairman of the Board
Shares6,072
Max PriceUS$32.39
BuyUS$12,03822 May 19
Susan Rector
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares366
Max PriceUS$32.89
SellUS$191,50521 May 19
Charles Sulerzyski
EntityIndividual
Role
Chief Executive Officer
President
Shares6,000
Max PriceUS$31.92
SellUS$267,00101 May 19
George Broughton
EntityIndividual
Role
Vice Chairman
Vice Chairman of the Board
Shares8,184
Max PriceUS$32.94
SellUS$63,00001 May 19
George Broughton
EntityIndividual
Role
Vice Chairman
Vice Chairman of the Board
Shares2,000
Max PriceUS$31.50
SellUS$63,87929 Apr 19
George Broughton
EntityIndividual
Role
Vice Chairman
Vice Chairman of the Board
Shares2,000
Max PriceUS$32.06
SellUS$31,97430 Jan 19
George Broughton
EntityIndividual
Role
Vice Chairman
Vice Chairman of the Board
Shares1,000
Max PriceUS$31.97
SellUS$97,63228 Jan 19
George Broughton
EntityIndividual
Role
Vice Chairman
Vice Chairman of the Board
Shares3,000
Max PriceUS$32.65

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 6.3%.


Management Team

  • Carol Schneeberger (62yo)

    Executive VP & Chief Administrative Officer

    • Tenure: 8.4yrs
    • Compensation: US$507.73k
  • Chuck Sulerzyski (61yo)

    President

    • Tenure: 8.7yrs
    • Compensation: US$1.40m
  • Sandra DeLong

    Vice President of Treasury Management and Public Funds

    • Tenure: 0yrs
  • M. Kirkham

    Executive VP

    • Tenure: 0yrs
  • John Rogers (59yo)

    Executive VP

    • Tenure: 4.1yrs
    • Compensation: US$602.70k
  • Robyn Stevens (50yo)

    Executive VP & Chief Credit Officer

    • Tenure: 3.5yrs
    • Compensation: US$452.97k
  • Doug Wyatt (57yo)

    Executive VP & Chief Commercial Banking Officer

    • Tenure: 2.7yrs
    • Compensation: US$506.05k
  • Amy Auch

    Assistant Corporate Secretary

    • Tenure: 0yrs
  • Anne Gilliland

    Assistant Corporate Secretary

    • Tenure: 0yrs
  • David Grossman

    Controller

    • Tenure: 0yrs

Board Members

  • George Broughton (61yo)

    Vice Chairman of the Board

    • Tenure: 6.4yrs
    • Compensation: US$74.22k
  • Tim Lathe (63yo)

    Director

    • Tenure: 0.3yrs
  • David Mead (64yo)

    Chairman of the Board

    • Tenure: 3.6yrs
    • Compensation: US$107.61k
  • S. Beam (67yo)

    Independent Director

    • Tenure: 4.8yrs
    • Compensation: US$70.45k
  • Dave Dierker (61yo)

    Independent Director

    • Tenure: 5.5yrs
    • Compensation: US$86.34k
  • Brooke James (46yo)

    Independent Director

    • Tenure: 4.8yrs
    • Compensation: US$74.61k
  • Susan Rector (60yo)

    Independent Director

    • Tenure: 8.3yrs
    • Compensation: US$76.34k
  • Chuck Sulerzyski (61yo)

    President

    • Tenure: 8.7yrs
    • Compensation: US$1.40m
  • Jim Huggins (62yo)

    Director

    • Tenure: 7.8yrs
    • Compensation: US$81.61k
  • Tara Abraham (52yo)

    Independent Director

    • Tenure: 7.6yrs
    • Compensation: US$79.04k

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$656.380m
  • Shares outstanding: 20.40m
  • Website: https://www.peoplesbancorp.com

Number of Employees


Location

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

Listings

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

Biography

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 depos ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/12/06 23:41
End of Day Share Price2019/12/06 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.