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Peoples Bancorp
(NASDAQ:PEBO)
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Rating:67Neutral
Price Target:
$42.00
▲(5.79% Upside)
Action:Reiterated
Date:09/30/26
The score is driven primarily by solid underlying profitability and cash conversion, supported by reasonable valuation (moderate P/E and strong dividend yield). These positives are tempered by weaker near-term technical momentum and several operational/credit-watch items discussed on the earnings call (deposit outflows, elevated criticized loans), even as guidance and recent M&A progress remain constructive.
Positive Factors
Profitability and Cash Conversion
TTM margins near 20% net and 21% EBIT, alongside free cash flow at roughly 92% of net income, indicate that the core franchise converts reported earnings into cash. This supports internal funding, dividend capacity and resilience as the bank invests in growth or integration.
Negative Factors
Core Deposit Pressure
The decline in core deposits increases funding pressure and leaves less flexibility to support loan growth without relying more heavily on comparatively costly sources. The higher loan-to-deposit ratio also makes balance-sheet management more important as Peoples pursues merger-related expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability and Cash Conversion
TTM margins near 20% net and 21% EBIT, alongside free cash flow at roughly 92% of net income, indicate that the core franchise converts reported earnings into cash. This supports internal funding, dividend capacity and resilience as the bank invests in growth or integration.
Read all positive factors
Peoples Bancorp (PEBO) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.33B
Dividend Yield4.43%
Average Volume (3M)297.21K
Price to Earnings (P/E)11.2
Beta (1Y)0.68
Revenue Growth-0.29%
EPS Growth12.86%
CountryUS
Employees1,443
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)3.34
Shares Outstanding35,942,314
10 Day Avg. Volume429,708
30 Day Avg. Volume297,209
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$43.33Price Target Upside9.15% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)3.64
Revenue Forecast (FY)$493.55M
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:Jul 21, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 20, 2026
Earnings Call Sentiment Positive
The call conveyed several operational improvements (EPS beat after adjustments, higher net interest income, margin expansion, a 51% decline in provision for credit losses, improved charge-off metrics, loan growth in multiple business lines, and stronger capital/book value metrics). These positives were tempered by a meaningful one-time $8.2M securities loss tied to balance-sheet repositioning for the pending Citizens merger, notable core deposit declines ($155M), elevated criticized loans (4.01% of loans), and continued but improving losses in the small-ticket leasing portfolio. Management provided constructive guidance (NIM 4.10%-4.30%, fee income and expense ranges, and expectation of positive operating leverage) and appears positioned to benefit from rising rates and the merger, so overall the commentary leans positive despite several near-term headwinds.Positive Updates
Earnings Beat After Adjustments
Reported diluted EPS of $0.78; adjusted diluted EPS of $0.96 (excluding one-time items) exceeded consensus of $0.85 by $0.11.
Negative Updates
One-Time Investment Securities Loss
Sale of approximately $135 million of available-for-sale securities in early May generated an $8.2 million loss, reducing adjusted EPS by ~$0.18; investment portfolio declined to 19.1% of assets from 20.3%.
Read all updates
Q2-2026 Updates
Positive
Negative
Earnings Beat After Adjustments
Reported diluted EPS of $0.78; adjusted diluted EPS of $0.96 (excluding one-time items) exceeded consensus of $0.85 by $0.11.
Read all positive updates
Company Guidance
Peoples guided to a full‑year 2026 net interest margin of 4.1%–4.3% (with a 25‑bp Fed funds increase expected to boost NIM ~6–8 bps), said it expects positive operating leverage versus 2025 excluding non‑core expenses and the planned Citizens merger, and forecast quarterly fee‑based income of $28–30 million and total noninterest expense of $73–75 million for each of the two remaining quarters; loan growth is expected toward the low end of the prior 3%–5% range, management expects a slight reduction in net charge‑offs in 2026 versus 2025 (positively affecting provision for credit losses absent economic forecast changes), and it will monitor total assets to stay below the $10 billion threshold while targeting a Citizens close in early Q4 2026 and conversion in early Q2 2027.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
Negative
39.70
Price Trends
39.95
Negative
38.06
Negative
34.93
Positive
Market Momentum
-0.60
Positive
36.42
Neutral
37.85
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PEBO, the sentiment is Negative. The current price of 39.7 is above the 20-day moving average (MA) of 39.04, below the 50-day MA of 39.95, and above the 200-day MA of 34.93, indicating a neutral trend. The MACD of -0.60 indicates Positive momentum. The RSI at 36.42 is Neutral, neither overbought nor oversold. The STOCH value of 37.85 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
80 Outperform | $1.37B | 12.72 | 12.52% | 3.02% | 7.70% | 17.67% | |
73 Outperform | $1.40B | 8.05 | 19.30% | 2.72% | -13.65% | 120.32% | |
73 Outperform | $1.62B | 16.60 | 7.97% | 1.49% | 3.63% | 43.62% | |
70 Outperform | $1.71B | 23.66 | 3.53% | ― | 27.40% | -37.23% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | $1.33B | 11.22 | 9.85% | 4.43% | -0.29% | 12.86% | |
57 Neutral | $1.64B | 19.81 | 2.59% | 4.77% | 10.46% | -39.66% |
* Financial Sector Average
PEBO
Peoples Bancorp
37.48
8.99
31.56%
OCFC
Oceanfirst Financial
16.78
-0.32
-1.89%
TMP
Tompkins Financial Corporation
98.89
35.55
56.14%
CTBI
Community Bancorp
76.21
22.85
42.83%
OBK
Origin Bancorp
53.62
19.68
57.98%
FSUN
FirstSun Capital Bancorp
39.52
0.15
0.38%
Peoples Bancorp Corporate Events
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.