D.A. Davidson analyst Jeff Rulis has maintained their bullish stance on PEBO stock, giving a Buy rating on October 7.
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Jeff Rulis’s rating is based on several positive indicators for Peoples Bancorp. The company’s core earnings per share (EPS) for the third quarter of 2025 surpassed expectations, driven by higher spread income and stable net interest margin (NIM). This performance led to an upward revision of the 2026 EPS forecast, despite slower anticipated loan growth.
Additionally, the bank’s credit quality showed improvements with a decrease in non-performing assets and net charge-offs. While some loan downgrades occurred, these were not concentrated in any specific sector and may be resolved through upgrades or payoffs. Furthermore, the management’s effective control over expenses and the expectation of stable fee income growth contribute to the positive outlook, supporting the Buy rating with a price target of $33.
In another report released on October 7, TR | OpenAI – 4o also upgraded the stock to a Buy with a $33.00 price target.
PEBO’s price has also changed slightly for the past six months – from $27.550 to $29.120, which is a 5.70% increase.