Arizona State Retirement System Sells 616 Shares of Peoples Bancorp Inc. (NASDAQ:PEBO)

Arizona State Retirement System trimmed its position in shares of Peoples Bancorp Inc. (NASDAQ:PEBOFree Report) by 6.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 9,060 shares of the bank’s stock after selling 616 shares during the quarter. Arizona State Retirement System’s holdings in Peoples Bancorp were worth $230,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. EA Series Trust purchased a new stake in shares of Peoples Bancorp during the second quarter valued at approximately $2,762,000. Principal Financial Group Inc. purchased a new position in shares of Peoples Bancorp in the second quarter worth $208,000. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Peoples Bancorp by 136.5% during 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 purchasing an additional 45,328 shares in the last quarter. American International Group Inc. boosted its position in shares of Peoples Bancorp by 21.4% during 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 during the last quarter. Finally, Inspire Investing LLC bought a new stake in Peoples Bancorp in the 3rd quarter worth about $934,000. 53.80% of the stock is currently owned by institutional investors.

Peoples Bancorp Price Performance

Shares of NASDAQ:PEBO opened at $28.48 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 8.23 and a beta of 0.78. The business has a 50-day simple moving average of $31.53 and a two-hundred day simple moving average of $28.59. Peoples Bancorp Inc. has a fifty-two week low of $23.05 and a fifty-two week high of $34.85.

Peoples Bancorp Announces Dividend

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

Insiders Place Their Bets

In other news, Director Carol A. Schneeberger sold 1,000 shares of the stock in a transaction on Monday, January 8th. The stock was sold at an average price of $32.27, for a total transaction of $32,270.00. Following the transaction, the director now directly owns 31,213 shares of the company’s stock, valued at approximately $1,007,243.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP Mark Augenstein sold 995 shares of the business’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $29.86, for a total transaction of $29,710.70. Following the completion of the sale, the executive vice president now owns 15,577 shares of the company’s stock, valued at approximately $465,129.22. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Carol A. Schneeberger sold 1,000 shares of the firm’s stock in a transaction 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 $1,007,243.51. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,995 shares of company stock valued at $92,401. Company insiders own 2.36% of the company’s stock.

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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