Piper Sandler Reiterates Buy Rating on PEBO with $43 Target
Piper Sandler maintains its buy rating on PEBO, setting a price target of $43, a 13.64% upside from the current price.
Key Points
- Piper Sandler reiterated its buy rating on PEBO, setting a price target of $43 on June 26, 2026.
- Piper Sandler's $43 price target implies 13.64% upside from Peoples Bancorp Inc.'s ($PEBO) current $37.84 share price.
- Shares of PEBO traded near $37.84 on Friday, with institutional investors like BlackRock and Vanguard adjusting their positions.
- Insiders, including the Chief Risk Officer, recently bought shares, signaling confidence in PEBO's prospects.
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Piper Sandler has reiterated its buy rating on PEBO, setting a new price target of $43 as of June 26, 2026. Analyst Nathan Race remains optimistic about the company's prospects, maintaining the positive outlook.
Piper Sandler vs. the S&P 500
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Other Institutional Activity in PEBO
BlackRock, Inc. reduced its holdings in PEBO by 59,314 shares, leaving it with 3,075,612 shares valued at around $101.1 million, a 1.9% decrease. Dimensional Fund Advisors LP slightly increased its stake by 21,273 shares, bringing its total to 2,270,134 shares worth approximately $74.6 million, a 0.9% rise. State Street Corp made a significant addition, boosting its holdings by 790,995 shares to 1,892,530 shares, marking a 71.8% increase valued at $62.2 million. Vanguard Capital Management LLC opened a new position with 1,489,690 shares valued at $48.9 million. Meanwhile, American Century Companies Inc raised its stake by 44,952 shares, now holding 1,031,664 shares worth about $33.9 million, a 4.6% increase. Geode Capital Management, LLC also increased its position by 26,112 shares, holding 903,741 shares valued at $29.7 million, a 3.0% increase.
Insider Buying and Selling at Peoples Bancorp Inc.
Recent insider activity shows several executives buying shares. On April 27, 2026, Dwight Eric Smith purchased 1,000 shares at an average price of $34.51. Earlier, on March 31, 2026, David Dierker bought 399 shares at $32.87, while Chief Risk Officer Matthew Joseph Macia acquired 54 shares at $27.94. On the same day, Chief of Staff Matthew Edgell and EVP of Community Banking Hugh Donlon bought 190 and 184 shares, respectively, at $27.94 each. EVP of Operations Mark Augenstein also purchased 22 shares at the same price.
Analysts Set New Price Targets
On June 26, 2026, Piper Sandler maintained its buy rating on PEBO with a price target of $43. Previously, on April 23, 2026, Piper Sandler had set a target of $41. DA Davidson also maintained a buy rating with a $38 target on April 22, 2026. The consensus among analysts is generally positive, with a buy recommendation and a mean target price around this range.
Bottom Line
Piper Sandler's reaffirmation of its buy rating and the $43 price target reflect continued confidence in PEBO's potential. Institutional and insider activity suggests varied levels of confidence, with some insiders and funds increasing their stakes. Investors will watch for how these positions develop and the impact on PEBO's market performance.
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