Peoples Bancorp of North Carolina (NASDAQ:PEBK) Cut to Hold at StockNews.com

Peoples Bancorp of North Carolina (NASDAQ:PEBK) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

Peoples Bancorp of North Carolina Stock Down 0.3 %

NASDAQ:PEBK traded down $0.08 during trading hours on Tuesday, reaching $26.84. The company’s stock had a trading volume of 8,083 shares, compared to its average volume of 10,222. The company has a market capitalization of $146.49 million, a P/E ratio of 9.01 and a beta of 0.60. Peoples Bancorp of North Carolina has a 12 month low of $23.74 and a 12 month high of $33.31. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a 50 day moving average price of $29.83 and a two-hundred day moving average price of $28.66.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last issued its quarterly earnings data on Wednesday, February 12th. The bank reported $0.65 EPS for the quarter. Peoples Bancorp of North Carolina had a net margin of 15.08% and a return on equity of 12.85%.

Hedge Funds Weigh In On Peoples Bancorp of North Carolina

Several institutional investors and hedge funds have recently bought and sold shares of PEBK. Wellington Management Group LLP grew its holdings in Peoples Bancorp of North Carolina by 606.4% in the fourth quarter. Wellington Management Group LLP now owns 426,893 shares of the bank’s stock worth $13,340,000 after purchasing an additional 366,459 shares during the last quarter. Fourthstone LLC grew its holdings in Peoples Bancorp of North Carolina by 203.6% in the fourth quarter. Fourthstone LLC now owns 61,243 shares of the bank’s stock worth $1,914,000 after purchasing an additional 41,069 shares during the last quarter. De Lisle Partners LLP purchased a new stake in shares of Peoples Bancorp of North Carolina during the third quarter valued at $545,000. Los Angeles Capital Management LLC purchased a new stake in shares of Peoples Bancorp of North Carolina during the fourth quarter valued at $296,000. Finally, Nuveen Asset Management LLC purchased a new stake in shares of Peoples Bancorp of North Carolina during the fourth quarter valued at $277,000. 43.83% of the stock is owned by hedge funds and other institutional investors.

About Peoples Bancorp of North Carolina

Peoples Bancorp of North Carolina, Inc operates as the bank holding company for Peoples Bank that provides various banking products and services for individuals and small-to medium-sized businesses. It offers checking, savings, money market, and retirement accounts; certificates of deposits; and credit and debit cards.