DA Davidson has revised its price target for Peoples Bancorp (PEBO, Financial), lowering it from $39 to $35, while maintaining a favorable Buy rating on the company's stock.
The adjustment comes as Peoples Bancorp demonstrated stronger-than-expected pre-provision net revenue, according to the firm's analysts. This was primarily driven by improvements in net interest income and effective management of operating expenses, which more than compensated for a reduction in fees.
Furthermore, the company appears to be handling its leasing losses effectively, with a noticeable decline in these losses. DA Davidson anticipates that this positive trend will persist, contributing to a more stable financial outlook for Peoples Bancorp.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 6 analysts, the average target price for Peoples Bancorp Inc (Marietta OH) (PEBO, Financial) is $33.00 with a high estimate of $39.00 and a low estimate of $29.00. The average target implies an upside of 17.40% from the current price of $28.11. More detailed estimate data can be found on the Peoples Bancorp Inc (Marietta OH) (PEBO) Forecast page.
Based on the consensus recommendation from 7 brokerage firms, Peoples Bancorp Inc (Marietta OH)'s (PEBO, Financial) average brokerage recommendation is currently 2.7, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Peoples Bancorp Inc (Marietta OH) (PEBO, Financial) in one year is $32.33, suggesting a upside of 15.01% from the current price of $28.11. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Peoples Bancorp Inc (Marietta OH) (PEBO) Summary page.
