Jupiter Asset Management Ltd. Takes Position in Peoples Bancorp Inc. (NASDAQ:PEBO)

Jupiter Asset Management Ltd. acquired a new stake in Peoples Bancorp Inc. (NASDAQ:PEBOFree Report) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 9,031 shares of the bank’s stock, valued at approximately $229,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. bought a new position in shares of Peoples Bancorp in the second quarter worth about $208,000. Raymond James Financial Services Advisors Inc. boosted its position in Peoples Bancorp by 136.5% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 78,527 shares of the bank’s stock valued at $1,993,000 after buying an additional 45,328 shares in the last quarter. American International Group Inc. boosted its position in Peoples Bancorp by 21.4% in the second quarter. American International Group Inc. now owns 16,302 shares of the bank’s stock valued at $433,000 after buying an additional 2,874 shares in the last quarter. Inspire Investing LLC bought a new stake in shares of Peoples Bancorp during the third quarter worth $934,000. Finally, Rhumbline Advisers increased its holdings in shares of Peoples Bancorp by 10.3% during the second quarter. Rhumbline Advisers now owns 59,310 shares of the bank’s stock worth $1,575,000 after buying an additional 5,559 shares in the last quarter. Institutional investors own 53.80% of the company’s stock.

Insider Activity

In related news, Director Carol A. Schneeberger sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $30.42, for a total value of $30,420.00. Following the completion of the transaction, the director now owns 31,871 shares in the company, valued at approximately $969,515.82. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other Peoples Bancorp news, EVP Mark Augenstein sold 995 shares of Peoples Bancorp stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $29.86, for a total transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Carol A. Schneeberger sold 1,000 shares of the company’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $30.42, for a total value of $30,420.00. Following the completion of the sale, the director now owns 31,871 shares in the company, valued at approximately $969,515.82. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,995 shares of company stock valued at $92,401. 2.36% of the stock is currently owned by corporate insiders.

Peoples Bancorp Stock Up 2.3 %

Shares of PEBO opened at $28.48 on Monday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.81 and a current ratio of 0.81. Peoples Bancorp Inc. has a 52 week low of $23.05 and a 52 week high of $34.85. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 8.23 and a beta of 0.78. The stock has a fifty day moving average of $31.53 and a 200-day moving average of $28.59.

Peoples Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 20th. Shareholders of record on Monday, February 5th will be given a $0.39 dividend. The ex-dividend date of this dividend is Friday, February 2nd. This represents a $1.56 annualized dividend and a yield of 5.48%. Peoples Bancorp’s dividend payout ratio is presently 45.09%.

About Peoples Bancorp

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding PEBO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Peoples Bancorp Inc. (NASDAQ:PEBOFree Report).

Institutional Ownership by Quarter for Peoples Bancorp (NASDAQ:PEBO)

Receive News & Ratings for Peoples Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Peoples Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.