Peoples Bancorp Inc. (NASDAQ:PEBO) Stake Increased by MetLife Investment Management LLC

MetLife Investment Management LLC increased its stake in Peoples Bancorp Inc. (NASDAQ:PEBO – Get Rating) by 9.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,749 shares of the bank’s stock after buying an additional 1,223 shares during the period. MetLife Investment Management LLC owned about 0.05% of Peoples Bancorp worth $427,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. McIlrath & Eck LLC increased its stake in shares of Peoples Bancorp by 46.9% in the third quarter. McIlrath & Eck LLC now owns 1,353 shares of the bank’s stock worth $39,000 after buying an additional 432 shares during the last quarter. Quantbot Technologies LP increased its stake 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 worth $50,000 after buying an additional 600 shares during the last quarter. Great West Life Assurance Co. Can increased its stake in Peoples Bancorp by 45.9% during the first quarter. Great West Life Assurance Co. Can now owns 2,289 shares of the bank’s stock valued at $74,000 after purchasing an additional 720 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in Peoples Bancorp by 157.4% during the third quarter. Tower Research Capital LLC TRC now owns 4,533 shares of the bank’s stock valued at $131,000 after purchasing an additional 2,772 shares during the last quarter. Finally, Fifth Third Bancorp increased its stake in Peoples Bancorp by 6.5% during the second quarter. Fifth Third Bancorp now owns 5,886 shares of the bank’s stock valued at $157,000 after purchasing an additional 361 shares during the last quarter. Institutional investors own 49.73% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Peoples Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, January 6th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Peoples Bancorp currently has a consensus rating of “Hold” and an average price target of $32.60.

Insider Transactions at Peoples Bancorp

In other news, CEO Charles W. Sulerzyski sold 1,500 shares of the company’s stock in a transaction dated Wednesday, February 15th. The shares were sold at an average price of $30.00, for a total transaction of $45,000.00. Following the completion of the transaction, the chief executive officer now owns 85,351 shares in the company, valued at $2,560,530. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.42% of the company’s stock.

Peoples Bancorp Stock Down 0.2 %

Peoples Bancorp stock opened at $31.23 on Friday. The company has a 50-day simple moving average of $29.42 and a 200-day simple moving average of $29.63. The firm has a market capitalization of $889.12 million, a P/E ratio of 8.70 and a beta of 0.80. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.77 and a current ratio of 0.76. Peoples Bancorp Inc. has a one year low of $25.63 and a one year high of $33.22.

Peoples Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 21st. Stockholders of record on Monday, February 6th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, February 3rd. This represents a $1.52 annualized dividend and a dividend yield of 4.87%. Peoples Bancorp’s dividend payout ratio is currently 42.34%.

About Peoples Bancorp

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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.