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Peoples Bancorp
(NASDAQ:PEBO)
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Rating:68Neutral
Price Target:
$40.00
â–²(0.76% Upside)
Action:Reiterated
Date:10/20/26
The score is primarily supported by solid underlying financial performance (healthy profitability and positive cash generation) and attractive valuation (low P/E and ~4.55% dividend yield). These positives are tempered by weak near-term technical momentum (below key moving averages with negative MACD) and execution/credit-cost risks highlighted on the earnings call, including charge-offs, deposit competition, and merger-related costs with delayed cost-synergy timing.
Positive Factors
Solid profitability and cash conversion
Strong profitability and high free-cash-flow conversion indicate that reported earnings are translating into financial resources. This supports capital generation, dividends, investment in technology and communities, and the ability to fund growth while absorbing normal banking-cycle volatility.
Negative Factors
Rising credit-cost indicators
Higher charge-offs and classified loans indicate increasing credit-cost pressure in commercial and consumer portfolios. Although management reports strong commercial credit, further deterioration could require greater provisions, reduce earnings, and constrain loan growth or capital deployment.
Read all positive and negative factors
Positive Factors
Negative Factors
Solid profitability and cash conversion
Strong profitability and high free-cash-flow conversion indicate that reported earnings are translating into financial resources. This supports capital generation, dividends, investment in technology and communities, and the ability to fund growth while absorbing normal banking-cycle volatility.
Read all positive factors
Peoples Bancorp (PEBO) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.37B
Dividend Yield4.35%
Average Volume (3M)453.57K
Price to Earnings (P/E)11.1
Beta (1Y)0.63
Revenue Growth-0.40%
EPS Growth18.38%
CountryUS
Employees1,454
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)3.34
Shares Outstanding35,942,314
10 Day Avg. Volume459,913
30 Day Avg. Volume453,572
Financial Highlights & Ratios
PEG Ratio-1.07
Price to Book (P/B)0.87
Price to Sales (P/S)1.70
P/FCF Ratio8.16
Enterprise Value/Market Cap1.51
Enterprise Value/Revenue3.43
Enterprise Value/Gross Profit4.99
Enterprise Value/Ebitda15.05
Forecast
1Y Price Target
$44.00Price Target Upside10.83% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)3.65
Revenue Forecast (FY)$492.17M
Peoples Bancorp Business Overview & Revenue Model
Company Description
Peoples Bancorp Inc. functions as the parent company for Peoples Bank, delivering an extensive array of commercial and retail banking products and services. The institution provides a variety of deposit options, including demand accounts, savings ...
How the Company Makes Money
Peoples Bancorp primarily makes money through (1) net interest income and (2) noninterest (fee) income. Net interest income is generated by earning interest on loans and other interest-earning assets (such as investment securities and interest-bea...
Peoples Bancorp Earnings Call Summary
Earnings Call Date:Oct 20, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Jan 26, 2027
Earnings Call Sentiment Positive
The call was predominantly positive, with adjusted EPS exceeding consensus, improving net interest income and margin, higher fee-based income, stronger efficiency, lower nonperforming loans, solid commercial credit quality, and clear strategic benefits expected from the Citizens and Capital transactions. These positives were partly offset by higher net charge-offs, loan payoff headwinds, acquisition and employee-related expenses, securities losses, deposit competition, consumer credit pressure, and delayed realization of Capital merger cost savings.Positive Updates
Adjusted EPS Exceeded Consensus
Third-quarter diluted EPS was $0.91, while diluted EPS adjusted for 1-time items was $1.04, exceeding consensus analyst estimates of 93¢.
Negative Updates
One-Time Securities Loss
Third-quarter 1-time items included a $4.5 million loss on investment securities, which reduced diluted EPS by $0.10. The loss resulted from the sale of approximately $59 million of securities as part of the planned effort to remain below $10 billion in assets ahead of the Citizens merger.
Read all updates
Q3-2026 Updates
Positive
Negative
Adjusted EPS Exceeded Consensus
Third-quarter diluted EPS was $0.91, while diluted EPS adjusted for 1-time items was $1.04, exceeding consensus analyst estimates of 93¢.
Read all positive updates
Company Guidance
For the fourth quarter and full year of 2026, excluding the impact of noncore expenses but including our Citizens merger, Peoples expects to achieve positive operating leverage for 2026 compared to 2025, net interest margin between 4.2-4.3%, quarterly fee based income between $28 million and $30 million, quarterly total non interest expense between $78 and $80 million, loan growth between 2% to 8% for 2026 compared to 2025, a reduction in net charge offs for 2026 compared to 2025, and between $11 million and $13 million of acquisition related expenses during the fourth quarter; the Citizens merger is expected to add nearly $350 million of loans and approximately $550 million of deposits for the fourth quarter of 26. For 2027, excluding the impact of non core expenses and the planned capital merger, Peoples expects positive operating leverage, net interest margin between 4.3-4.5%, quarterly fee based income between $31 and $33 million, quarterly total noninterest expense between $80 million and $82 million for the second, third, and fourth quarters of 27 with the first quarter of 27 being higher, loan growth between 3% to 5% compared to 2026, and similar charge offs and net charge off rate for 2027 compared to 2026; Capital is expected to close sometime very end of first quarter, beginning of second quarter, and its full cost saves will not be fully realized until 2028.Peoples Bancorp Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
64
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 603.64M | 618.38M | 615.90M | 522.50M | 339.77M | 244.30M |
| Gross Profit | 415.16M | 417.15M | 419.04M | 407.30M | 327.17M | 231.33M |
| EBITDA | 137.65M | 149.29M | 152.98M | 148.79M | 145.96M | 81.61M |
| Net Income | 119.24M | 106.78M | 117.20M | 113.36M | 101.29M | 47.55M |
Balance Sheet | ||||||
| Total Assets | 9.54B | 9.65B | 9.25B | 9.16B | 7.21B | 7.06B |
| Cash, Cash Equivalents and Short-Term Investments | 106.56M | 188.95M | 1.30B | 1.48B | 1.29B | 1.69B |
| Total Debt | 744.91M | 734.42M | 431.55M | 733.74M | 601.23M | 265.96M |
| Total Liabilities | 8.30B | 8.44B | 8.14B | 8.10B | 6.42B | 6.22B |
| Stockholders Equity | 1.24B | 1.21B | 1.11B | 1.05B | 785.33M | 845.02M |
Cash Flow | ||||||
| Free Cash Flow | 131.65M | 128.70M | 136.37M | 130.19M | 113.09M | 149.74M |
| Operating Cash Flow | 140.31M | 134.73M | 143.19M | 143.64M | 119.84M | 156.42M |
| Investing Cash Flow | -17.77M | -424.45M | -344.31M | -132.93M | -414.21M | -74.43M |
| Financing Cash Flow | -128.89M | 261.01M | -7.94M | 261.99M | 32.67M | 181.64M |
Peoples Bancorp Technical Analysis
Positive
39.70
Price Trends
38.62
Negative
38.50
Negative
35.46
Positive
Market Momentum
-0.30
Negative
55.71
Neutral
89.41
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PEBO, the sentiment is Positive. The current price of 39.7 is above the 20-day moving average (MA) of 37.00, above the 50-day MA of 38.62, and above the 200-day MA of 35.46, indicating a neutral trend. The MACD of -0.30 indicates Negative momentum. The RSI at 55.71 is Neutral, neither overbought nor oversold. The STOCH value of 89.41 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for PEBO.
Peoples Bancorp Risk Analysis
Peoples Bancorp disclosed 40 risk factors in its most recent earnings report. Peoples Bancorp reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Peoples Bancorp Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
84 Outperform | $1.60B | 14.29 | 11.35% | 2.11% | -1.73% | 1.03% | |
76 Outperform | $1.32B | 15.49 | 11.40% | 2.54% | 13.29% | -4.08% | |
72 Outperform | $1.35B | 12.56 | 9.86% | 1.99% | 10.34% | 14.55% | |
68 Neutral | $1.37B | 11.14 | 10.02% | 4.35% | -0.40% | 18.38% | |
68 Neutral | $911.75M | 10.74 | 13.02% | 2.92% | 8.25% | 36.33% | |
68 Neutral | $1.28B | 11.58 | 12.58% | 3.26% | 7.84% | 17.57% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
* Financial Sector Average
PEBO
Peoples Bancorp
38.20
10.06
35.77%
THFF
First Financial Indiana
76.67
23.93
45.37%
RBCAA
Republic Bancorp
91.60
25.00
37.54%
CTBI
Community Bancorp
70.50
19.84
39.16%
FMBH
First Mid-Illinois Bancshares
50.74
14.89
41.54%
HBT
HBT Financial
36.24
12.49
52.58%
Peoples Bancorp Corporate Events
Business Operations and StrategyDividendsFinancial DisclosuresM&A Transactions
Peoples Bancorp Posts Strong Third-Quarter 2026 Results
Positive
Oct 20, 2026
Peoples Bancorp Inc. reported strong third-quarter 2026 results on October 20, 2026, with net income rising to $32.6 million, or $0.91 per diluted share, up from both the prior quarter and the same period in 2025 despite non-core items weighing on...
Business Operations and StrategyM&A Transactions
Peoples Bancorp to Acquire High-Growth Capital Bancorp
Positive
Oct 5, 2026
On September 30, 2026, Peoples Bancorp Inc. held a conference call to discuss its agreement to acquire Rockville, Maryland-based Capital Bancorp Inc., a high-growth commercial bank with several national specialty businesses, including the OpenSky ...
Business Operations and StrategyExecutive/Board ChangesM&A Transactions
Peoples Bancorp Announces All-Stock Merger With Capital Bancorp
Positive
Sep 30, 2026
On September 30, 2026, Peoples Bancorp Inc. and Capital Bancorp Inc. jointly announced a merger agreement under which Peoples will acquire Capital in an all-stock transaction valued at about $728.1 million, with Capital shareholders receiving 1.11...
Business Operations and StrategyM&A TransactionsRegulatory Filings and Compliance
Peoples Bancorp Gains Approval for Citizens National Merger
Positive
Sep 28, 2026
On September 28, 2026, Peoples Bancorp Inc. announced that it had received all required regulatory approvals for its merger with Citizens National Corporation, with Peoples Bancorp to remain as the surviving corporation after the transaction. The ...
Business Operations and StrategyRegulatory Filings and Compliance
Peoples Bancorp Highlights Investor Engagement and Disclosure Strategy
Positive
Jul 27, 2026
Between July 27, 2026 and September 30, 2026, Peoples Bancorp Inc. management, including its chief executive and chief financial officer, planned to hold one or more meetings with investors and analysts. During these past meetings, they intended t...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
Peoples Bancorp posts solid second-quarter 2026 earnings
Positive
Jul 21, 2026
Peoples Bancorp Inc. reported second quarter 2026 net income of $28.0 million, or $0.78 per diluted share, slightly below the first quarter but up from $21.2 million a year earlier, despite non-core items reducing earnings by $0.18 per share. Resu...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.