New York Life Investment Management LLC Sells 2,178 Shares of Peoples Bancorp Inc. (NASDAQ:PEBO)

New York Life Investment Management LLC lowered its position in Peoples Bancorp Inc. (NASDAQ:PEBOFree Report) by 13.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,827 shares of the bank’s stock after selling 2,178 shares during the period. New York Life Investment Management LLC’s holdings in Peoples Bancorp were worth $351,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of PEBO. Allspring Global Investments Holdings LLC grew its holdings in Peoples Bancorp by 135.8% during the second 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 during the period. FMR LLC lifted its position in shares of 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 acquiring an additional 640 shares in the last quarter. Lazard Asset Management LLC purchased a new position in shares of Peoples Bancorp in the fourth quarter valued at about $45,000. Metropolitan Life Insurance Co NY lifted its position in shares of Peoples Bancorp by 29.2% in the second quarter. Metropolitan Life Insurance Co NY now owns 1,858 shares of the bank’s stock valued at $49,000 after acquiring an additional 420 shares in the last quarter. Finally, Quantbot Technologies LP lifted its position in shares of Peoples Bancorp by 60.0% in the first quarter. Quantbot Technologies LP now owns 1,600 shares of the bank’s stock valued at $50,000 after acquiring an additional 600 shares in the last quarter. Institutional investors own 53.80% of the company’s stock.

Insider Buying and Selling

In related news, Director Carol A. Schneeberger sold 1,000 shares of the business’s stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $32.27, for a total value of $32,270.00. Following the sale, the director now directly owns 31,213 shares in the company, valued at $1,007,243.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, EVP Mark Augenstein sold 995 shares of the stock in a transaction that occurred 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 owns 15,577 shares of the company’s stock, valued at $465,129.22. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Carol A. Schneeberger sold 1,000 shares of the stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $32.27, for a total value of $32,270.00. Following the completion of the transaction, the director now directly owns 31,213 shares in the company, valued at approximately $1,007,243.51. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,995 shares of company stock worth $92,401. Corporate insiders own 2.36% of the company’s stock.

Peoples Bancorp Price Performance

Shares of Peoples Bancorp stock opened at $28.87 on Tuesday. The stock’s 50-day simple moving average is $31.48 and its 200-day simple moving average is $28.59. Peoples Bancorp Inc. has a 52 week low of $23.05 and a 52 week high of $34.85. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of 8.34 and a beta of 0.78. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.17.

Peoples Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 20th. Investors of record on Monday, February 5th will be given a $0.39 dividend. The ex-dividend date is Friday, February 2nd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.40%. Peoples Bancorp’s dividend payout ratio is currently 45.09%.

Peoples Bancorp Profile

(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.

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

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