Analyst Alexander Twerdahl of Piper Sandler has upgraded Peoples Bancorp (NASDAQ: PEBO) to an Overweight rating, setting a Price Target of $34.
The average one-year price target for Peoples Bancorp Inc. currently stands at $35.292, with various forecasts ranging between $30.3 and $42.
In a previous update, Piper Sandler had raised Peoples Bancorp’s Price Target to $41 from $44, while maintaining an Overweight rating. However, there was a subsequent adjustment where Piper Sandler downgraded Peoples Bancorp to Neutral from Overweight, with a revised Price Target of $30 from $31.
As of February 23, 2024, these are the latest updates on Peoples Bancorp’s stock rating and price targets from Piper Sandler.
PEBO Stock Shows Positive Performance on February 23, 2024
On February 23, 2024, PEBO stock showed positive performance as it traded in the middle of its 52-week range and above its 200-day simple moving average. The price of PEBO shares increased by $0.22 since the market last closed, representing a 0.78% rise. The stock opened at $28.64, which was $0.29 higher than its previous close. Overall, PEBO stock had a strong start on February 23, 2024, with both price momentum and price change indicating positive performance. Investors may be optimistic about the company’s future prospects, leading to increased buying activity and driving the stock price higher. It is important for investors to continue monitoring PEBO stock performance and staying informed about any developments that may impact the stock price.
PEBO Stock Performance Analysis: Revenue and Net Income Increase, EPS Decrease
On February 23, 2024, PEBO stock showed mixed performances in terms of its financial indicators. According to data from CNN Money, the total revenue for PEBO was $526.82 million over the past year, which represented a 51.22% increase compared to the previous year. However, the total revenue for the last quarter was $149.38 million, which remained flat compared to the previous quarter.
The net income for PEBO was $112.56 million over the past year, reflecting an 11.62% increase compared to the previous year. The net income for the last quarter was $33.60 million, showing a 6.14% increase compared to the previous quarter.
In terms of earnings per share (EPS), PEBO reported $3.44 over the past year, which represented a 4.49% decrease compared to the previous year. The EPS for the last quarter was $0.96, which remained flat compared to the previous quarter.
Overall, while PEBO showed strong growth in total revenue and net income over the past year, there were some concerns regarding the decrease in EPS. Investors may want to closely monitor the company’s financial performance in the coming quarters to assess its long-term growth prospects.
