Cubist Systematic Strategies LLC Invests $557,000 in Peoples Bancorp Inc. (NASDAQ:PEBO)

Cubist Systematic Strategies LLC acquired a new position in shares of Peoples Bancorp Inc. (NASDAQ:PEBO – Get Rating) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 19,247 shares of the bank’s stock, valued at approximately $557,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in PEBO. Polaris Capital Management LLC raised its stake in shares of Peoples Bancorp by 4,829.6% during the 2nd quarter. Polaris Capital Management LLC now owns 492,964 shares of the bank’s stock worth $41,759,000 after purchasing an additional 482,964 shares in the last quarter. EJF Capital LLC raised its stake in shares of Peoples Bancorp by 42.9% during the 1st quarter. EJF Capital LLC now owns 221,254 shares of the bank’s stock worth $6,927,000 after purchasing an additional 66,418 shares in the last quarter. Millennium Management LLC raised its stake in shares of Peoples Bancorp by 851.9% during the 2nd quarter. Millennium Management LLC now owns 66,672 shares of the bank’s stock worth $1,773,000 after purchasing an additional 59,668 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Peoples Bancorp by 54.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 136,778 shares of the bank’s stock worth $3,639,000 after purchasing an additional 48,145 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Peoples Bancorp by 1.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,192,681 shares of the bank’s stock worth $63,435,000 after purchasing an additional 39,944 shares in the last quarter. Institutional investors own 49.73% of the company’s stock.

Peoples Bancorp Stock Down 1.9 %

PEBO opened at $28.14 on Monday. Peoples Bancorp Inc. has a 1-year low of $25.63 and a 1-year high of $33.22. The stock’s fifty day simple moving average is $29.59 and its 200 day simple moving average is $29.53. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.13. The stock has a market cap of $801.15 million, a PE ratio of 7.84 and a beta of 0.81.

Peoples Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 21st. Shareholders of record on Monday, February 6th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 5.40%. The ex-dividend date was Friday, February 3rd. Peoples Bancorp’s dividend payout ratio is 42.34%.

Insider Buying and Selling at Peoples Bancorp

In other Peoples Bancorp news, CEO Charles W. Sulerzyski sold 1,500 shares of the company’s stock in a transaction on Wednesday, February 15th. The stock was sold at an average price of $30.00, for a total value of $45,000.00. Following the transaction, the chief executive officer now directly owns 85,351 shares of the company’s stock, valued at approximately $2,560,530. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.42% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Peoples Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, January 6th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $32.60.

Peoples Bancorp Company Profile

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Peoples Bancorp, Inc operates as a financial holding company, which engages in banking, investment, insurance, and trust solutions. It offers various demand deposit accounts, savings accounts, money market accounts and certificates of deposit, commercial, consumer, real estate mortgage loans and lines of credit, debit and automated teller machine cards, credit cards for individuals and businesses, merchant credit card transaction processing services, corporate and personal trust services, safe deposit rental facilities, money orders and cashier’s checks, life, health, property and casualty insurance products, brokerage services, and custom-tailored fiduciary, employee benefit plans and asset management & administration services.