
Peoples Bancorp (PEBO) Stock Forecast & Price Target
Peoples Bancorp (PEBO) Analyst Ratings
Bulls say
Peoples Bancorp has demonstrated robust financial performance, highlighted by a notable 7.7% increase in loans quarter-over-quarter, driven primarily by growth in commercial real estate (CRE) and commercial and industrial (C&I) lending. The bank's core net interest margin (NIM) has also expanded for the fifth consecutive quarter to 4.08%, indicating consistent improvement in profitability. Additionally, tangible book value and tangible common equity ratios have increased, reflecting strong internal capital generation with reported returns on assets (ROA) and return on tangible common equity (ROTCE) of 1.2% and 15.1%, respectively.
Bears say
Peoples Bancorp reported a 1% decrease in operating expenses to $69.9 million, which fell short of expectations, indicating potential inefficiencies in cost management. The decline in core fee income by 2% quarter-over-quarter to $26.4 million, primarily driven by reduced lease revenue and a drop in nonaccruals, suggests challenges in revenue generation. Additionally, a modest 0.3% decline in deposits alongside a decrease in core non-interest income reflects underlying pressures on the bank's liquidity and ability to maintain customer deposits, which could hinder future growth prospects.
This aggregate rating is based on analysts' research of Peoples Bancorp and is not a guaranteed prediction by Public.com or investment advice.
Peoples Bancorp (PEBO) Analyst Forecast & Price Prediction
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