
Peoples Bancorp (PEBO) Stock Forecast & Price Target
Peoples Bancorp (PEBO) Analyst Ratings
Bulls say
Peoples Bancorp has demonstrated solid growth metrics, with loans increasing by 7.7% quarter-over-quarter, driven by strong gains in commercial real estate and commercial and industrial segments. The bank's core net interest margin (NIM) expanded for a fifth consecutive quarter, reaching 4.08% due to enhanced spread income, which rose 4.3% to $91.3 million, surpassing forecasts. Additionally, the tangible book value and tangible common equity ratios improved sequentially, reflecting positive internal capital generation with reported return on assets and return on tangible common equity of 1.2% and 15.1%, respectively, reinforcing a favorable financial outlook.
Bears say
Peoples Bancorp's financial outlook appears negative due to a decline in core fee income, which fell by 2% quarter-over-quarter to $26.4 million, falling short of both internal and consensus projections, primarily driven by a substantial decrease in lease revenue. Additionally, despite a slight reduction in operating expenses by 1% to $69.9 million, overall deposit levels declined modestly by 0.3%, reflecting weaknesses in brokered and governmental deposits that overshadowed gains in other categories. Furthermore, nonperforming loans (NPLs) decreased marginally, but the ongoing reduction in higher balance leasing accounts coupled with elevated payoffs indicates potential challenges for loan growth in the upcoming fiscal period.
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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