
Peoples Bancorp (PEBO) Stock Forecast & Price Target
Peoples Bancorp (PEBO) Analyst Ratings
Bulls say
Peoples Bancorp Inc has shown positive financial momentum, highlighted by a 5 basis point expansion in core net interest margin (NIM) to 4.08%, marking the fifth consecutive quarter of growth. Additionally, loans increased by 7.7% quarter-over-quarter, primarily driven by growth in commercial real estate (CRE) and commercial and industrial (C&I) segments, signaling strong demand for credit. The bank's tangible book value (TBV) rose to $22.05, supported by robust internal capital generation and a reported return on assets (ROA) of 1.2%, further enhancing the outlook for the company.
Bears say
Peoples Bancorp reported a decline in core fee income, falling 2% quarter-over-quarter to $26.4 million, which was below expectations and attributed to reduced lease revenue. Additionally, while operating expenses decreased slightly, the modest 0.3% dip in deposits and reduced non-interest income signals potential challenges in sustaining revenue growth. The company’s ongoing decline in non-performing loans, alongside caution over future loan growth due to strategic reductions in leasing accounts, adds to the financial uncertainties impacting the bank's outlook.
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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