Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) Director Sells $28,640.00 in Stock

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) Director James S. Abernethy sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $28.64, for a total value of $28,640.00. Following the completion of the transaction, the director now owns 74,976 shares in the company, valued at $2,147,312.64. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Peoples Bancorp of North Carolina Stock Up 0.6 %

Shares of NASDAQ PEBK traded up $0.19 during midday trading on Tuesday, reaching $29.56. 9,849 shares of the company’s stock traded hands, compared to its average volume of 18,914. The stock’s 50 day simple moving average is $26.17 and its 200-day simple moving average is $28.48. Peoples Bancorp of North Carolina, Inc. has a one year low of $23.74 and a one year high of $32.37. The company has a market cap of $161.40 million, a price-to-earnings ratio of 9.96 and a beta of 0.57. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.11.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last posted its quarterly earnings results on Monday, October 21st. The bank reported $0.72 earnings per share for the quarter. The firm had revenue of $20.64 million for the quarter. Peoples Bancorp of North Carolina had a net margin of 15.27% and a return on equity of 12.92%.

Peoples Bancorp of North Carolina Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Tuesday, September 3rd were issued a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.57%. Peoples Bancorp of North Carolina’s dividend payout ratio (DPR) is 25.76%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Peoples Bancorp of North Carolina from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Rhumbline Advisers bought a new position in Peoples Bancorp of North Carolina in the 2nd quarter worth about $169,000. Bank of New York Mellon Corp bought a new stake in shares of Peoples Bancorp of North Carolina in the second quarter valued at approximately $388,000. Renaissance Technologies LLC increased its stake in Peoples Bancorp of North Carolina by 6.8% in the second quarter. Renaissance Technologies LLC now owns 22,012 shares of the bank’s stock valued at $643,000 after acquiring an additional 1,400 shares during the period. Empowered Funds LLC boosted its holdings in shares of Peoples Bancorp of North Carolina by 7.7% in the 1st quarter. Empowered Funds LLC now owns 26,824 shares of the bank’s stock worth $747,000 after acquiring an additional 1,925 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Peoples Bancorp of North Carolina by 0.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 146,625 shares of the bank’s stock valued at $4,281,000 after purchasing an additional 734 shares during the period. 43.83% of the stock is owned by hedge funds and other institutional investors.

Peoples Bancorp of North Carolina Company Profile

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.