
Peoples Bancorp (PEBO) Stock Forecast & Price Target
Peoples Bancorp (PEBO) Analyst Ratings
Bulls say
Peoples Bancorp Inc demonstrated strong financial performance with a notable 7.7% increase in loans quarter-over-quarter, fueled primarily by growth in commercial real estate (CRE) and commercial and industrial (C&I) lending. The bank achieved a core net interest margin (NIM) expansion for the fifth consecutive quarter, rising to 4.08%, alongside a solid return on assets (ROA) of 1.2% and return on tangible common equity (ROTCE) of 15.1% in Q3. Additionally, tangible book value per share increased to $22.05, reflecting robust internal capital generation and a favorable change in accumulated other comprehensive income (AOCI).
Bears say
Peoples Bancorp Inc reported a slight decrease in operating expenses, which fell by 1% quarter-over-quarter (LQ) to $69.9 million, yet this figure was still below expectations, signaling ongoing cost management challenges. Core fee income also showed a decline, dipping 2% LQ to $26.4 million, primarily due to a significant drop in lease revenue and a slight reduction in nonaccruals, indicating pressures on revenue generation. Furthermore, despite a modest decrease in deposits of 0.3% LQ, the bank faces potential headwinds in loan growth due to ongoing reductions in higher balance leasing accounts and elevated payoffs, which could negatively impact future performance.
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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