Bullish indicating open at $55-$60, IPO prices at $37
Frances (BCBA:BBARm) A. Skinner, a director at Peoples Bancorp Inc . (NASDAQ:PEBO), has acquired 105 shares of the company’s common stock, according to a recent SEC filing. The shares were purchased at a price of $28.70 each, totaling approximately $3,013. Following this transaction, Skinner’s total direct ownership amounts to 6,211.318 shares. The purchase comes as the company maintains a solid 5.65% dividend yield and trades below its Fair Value, according to InvestingPro analysis. This purchase reflects Skinner’s continued investment in the Marietta, Ohio-based financial services company, which has maintained dividend payments for 52 consecutive years and currently holds a "GREAT" Financial Health Score of 3.11 out of 5. For deeper insights into PEBO’s valuation and growth prospects, InvestingPro offers comprehensive analysis with 8 additional key insights available to subscribers.
In other recent news, Peoples Bancorp Inc. released its first-quarter 2025 financial results, reporting an adjusted revenue of $113 million. The company posted an earnings per share (EPS) of $0.68, slightly missing the forecasted $0.73. Revenue also came in below expectations at $112.35 million, compared to the anticipated $112.77 million. Despite these shortfalls, the bank’s tangible book value per common share increased to $20.68, up from $18.39 in the same quarter the previous year. Analyst Terry McEvoy from Stephens adjusted the price target for Peoples Bancorp to $33.00 from $37.50, citing elevated credit costs in the small ticket leasing portfolio as a concern. The company experienced a decline in criticized and nonperforming loans quarter-over-quarter, indicating some positive movement in credit quality. Additionally, Peoples Bancorp is actively engaged in merger and acquisition discussions, although the management emphasizes a strategic and patient approach to surpassing $10 billion in assets. The bank’s focus remains on specialty finance and core banking, contributing to growth in fee-based income.
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