PEBO Similar Chart Price Prediction
The price of PEBO is predicted to go up -4.42%, based on the high correlation periods with UCB. The similarity of these two price pattern on the periods is 97.87%.
PEBO
UCB
Down: -4.42%Similarity: 97.87%
PEBO Revenue Forecast
PEBO EPS Forecast
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PEBO Analyst's Forecast
Alexander Twerdahl
Piper Sandler
Buy
2024-10-23
Price Target
$39 → $36
Upside
+16.28%
Piper Sandler analyst Nathan Race lowered the firm's price target on Peoples Bancorp to $36 from $39 and keeps an Overweight rating on the shares. The firm notes results in Q3 included some puts and takes. Encouragingly, fee revenue growth exceeded expectations with Peoples Bancorp's diversified core fee income businesses and operating expenses were well-controlled. Both of which are likely to continue, Piper adds. However, core net interest income fell short of the firm's expectations partially due to some loan portfolio shrinkage and credit quality metrics were mixed.
