Jupiter Asset Management Ltd. acquired a new position in Peoples Bancorp Inc. (NASDAQ:PEBO – Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,031 shares of the bank’s stock, valued at approximately $229,000.
Other large investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its holdings in shares of Peoples Bancorp by 135.8% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,415 shares of the bank’s stock valued at $38,000 after purchasing an additional 815 shares in the last quarter. FMR LLC increased its holdings in Peoples Bancorp by 74.1% in the first quarter. FMR LLC now owns 1,504 shares of the bank’s stock valued at $39,000 after buying an additional 640 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in shares of Peoples Bancorp during the 4th quarter valued at approximately $45,000. Metropolitan Life Insurance Co NY boosted its stake in shares of Peoples Bancorp by 29.2% during the 2nd quarter. Metropolitan Life Insurance Co NY now owns 1,858 shares of the bank’s stock worth $49,000 after acquiring an additional 420 shares in the last quarter. Finally, Quantbot Technologies LP grew its holdings in shares of Peoples Bancorp by 60.0% in the 1st quarter. Quantbot Technologies LP now owns 1,600 shares of the bank’s stock worth $50,000 after acquiring an additional 600 shares during the period. Hedge funds and other institutional investors own 53.80% of the company’s stock.
Insider Buying and Selling
In other Peoples Bancorp news, Director Carol A. Schneeberger sold 1,000 shares of the firm’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $30.42, for a total transaction of $30,420.00. Following the completion of the transaction, the director now directly owns 31,871 shares in the company, valued at approximately $969,515.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Peoples Bancorp news, Director Carol A. Schneeberger sold 1,000 shares of the stock in a transaction on Friday, December 8th. The stock was sold at an average price of $30.42, for a total transaction of $30,420.00. Following the sale, the director now owns 31,871 shares in the company, valued at approximately $969,515.82. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Mark Augenstein sold 995 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $29.86, for a total value of $29,710.70. Following the transaction, the executive vice president now directly owns 15,577 shares of the company’s stock, valued at approximately $465,129.22. The disclosure for this sale can be found here. Insiders have sold 2,995 shares of company stock worth $92,401 in the last three months. Corporate insiders own 2.36% of the company’s stock.
Peoples Bancorp Stock Performance
Peoples Bancorp Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 20th. Stockholders of record on Monday, February 5th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 5.48%. The ex-dividend date is Friday, February 2nd. Peoples Bancorp’s dividend payout ratio (DPR) is presently 45.09%.
Peoples Bancorp Company Profile
Peoples Bancorp Inc operates as the holding company for Peoples Bank that provides commercial and retail banking products and services. The company accepts various deposit products, including demand deposit accounts, savings accounts, money market accounts, certificates of deposit, and governmental deposits; and provides commercial and industrial, commercial real estate, construction, finance, residential real estate, and consumer indirect and direct loans, as well as home equity lines of credit and overdrafts.
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