
Peoples Bancorp (PEBO) Stock Forecast & Price Target
Peoples Bancorp (PEBO) Analyst Ratings
Bulls say
Peoples Bancorp Inc. has demonstrated solid financial performance, notably with a core net interest margin (NIM) expanding for the fifth consecutive quarter to 4.08%, indicating ongoing profitability improvements. Loan growth of 7.7% quarter-over-quarter, driven by commercial real estate and commercial and industrial lending, reflects strong demand and effective lending strategies. Additionally, the company's tangible book value and tangible common equity have increased due to robust internal capital generation, with reported returns on assets and tangible equity capital at 1.2% and 15.1% respectively, underscoring a favorable outlook for future performance.
Bears say
Peoples Bancorp has experienced a decline in core fee income, which fell 2% quarter-over-quarter to $26.4 million, primarily driven by weakened lease revenue and a decrease in nonaccrual loans, indicating pressures on revenue-generating activities. Additionally, the modest drop in deposits by 0.3% quarter-over-quarter raises concerns about the bank's ability to attract and retain customer funds in a competitive banking environment, particularly as declines were noted in brokered and governmental deposits. Furthermore, while non-performing loans have decreased slightly, the overall outlook for loan growth remains negative due to ongoing payoffs and a strategic reduction in higher balance leasing accounts.
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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