For its second fiscal quarter (ending June 30), Peoples Bancorp Inc (NASDAQ: PEBO) has reported a 30% increase in E.P.S. from $0.64 a year ago to $0.83 in the current quarter. However, this performance was $-0.01 short of the consensus estimate of $0.84. E.P.S. were $3.55 for the latest four quarters through June 30 versus $3.46 for the same period a year ago — an increase of 3%.
Recent Price Action
On 7/23/24, Peoples Bancorp Inc (NASDAQ: PEBO) stock rose modestly by 0.8%, closing at $33.62. Moreover, exceptionally high trading volume at 212% of normal accompanied the advance. The stock has been weak relative to the market over the last nine months but has risen 4.3% during the last week.
Current PriceTarget Research Rating
PEBO is expected to continue to be a Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Peoples Bancorp has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Peoples Bancorp has a good Appreciation Score of 77 but a slightly negative Power Rating of 33, triggering the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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