Bullish indicating open at $55-$60, IPO prices at $37
Carol A. Schneeberger, a director at Peoples Bancorp Inc . (NASDAQ:PEBO), a regional bank with a market capitalization of $1.04 billion and a "GOOD" financial health rating according to InvestingPro, recently sold 174 shares of the company’s common stock. The transaction, executed on June 9, 2025, was carried out at an average price of $30.0055 per share, totaling approximately $5,220. Following this sale, Schneeberger holds 25,901 shares directly. The transaction was conducted under a pre-established Rule 10b5-1 trading plan. Notably, PEBO has maintained dividend payments for 52 consecutive years and currently offers a 5.5% dividend yield. InvestingPro analysis suggests the stock is currently undervalued, with additional insights available in the comprehensive Pro Research Report covering this regional banking leader.
In other recent news, Peoples Bancorp reported its first-quarter 2025 financial results, revealing an adjusted revenue of $113 million. The company’s earnings per share (EPS) came in at $0.68, which was slightly below the forecasted $0.73. Revenue also fell short of expectations, reaching $112.35 million compared to the anticipated $112.77 million. Despite these misses, the tangible book value per common share increased to $20.68 from $18.39 in the same quarter last year. Analyst Terry McEvoy from Stephens adjusted the price target for Peoples Bancorp to $33.00 from $37.50, citing concerns over elevated credit costs, particularly in the small ticket leasing portfolio. The company experienced a decline in criticized and nonperforming loans, and management expects credit loss provisions to remain high in the second quarter before normalizing later in the year. Peoples Bancorp continues to focus on strategic mergers and acquisitions, with an emphasis on surpassing $10 billion in assets through careful expansion. The company was also recognized as one of America’s Best Banks 2025 by Forbes, reflecting its strong market position.
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