De Lisle Partners LLP Purchases Shares of 21,461 Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK)

De Lisle Partners LLP acquired a new stake in Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 21,461 shares of the bank’s stock, valued at approximately $545,000. De Lisle Partners LLP owned 0.39% of Peoples Bancorp of North Carolina at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Rhumbline Advisers acquired a new position in Peoples Bancorp of North Carolina in the second quarter valued at approximately $169,000. BNP Paribas Financial Markets lifted its position in shares of Peoples Bancorp of North Carolina by 985.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 8,000 shares of the bank’s stock valued at $203,000 after acquiring an additional 7,263 shares during the period. Bank of New York Mellon Corp bought a new position in Peoples Bancorp of North Carolina during the second quarter worth $388,000. Renaissance Technologies LLC grew its holdings 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 worth $643,000 after purchasing an additional 1,400 shares during the period. Finally, Empowered Funds LLC increased its stake in Peoples Bancorp of North Carolina by 5.1% in the third quarter. Empowered Funds LLC now owns 30,278 shares of the bank’s stock valued at $769,000 after purchasing an additional 1,474 shares in the last quarter. Institutional investors own 43.83% of the company’s stock.

Insiders Place Their Bets

In other Peoples Bancorp of North Carolina news, Director James S. Abernethy sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $25.57, for a total transaction of $25,570.00. Following the completion of the sale, the director now directly owns 75,976 shares of the company’s stock, valued at approximately $1,942,706.32. The trade was a 1.30 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders have sold 5,500 shares of company stock worth $156,055. Insiders own 16.94% of the company’s stock.

Peoples Bancorp of North Carolina Price Performance

PEBK stock opened at $31.44 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.81 and a quick ratio of 0.81. The company’s 50-day moving average is $26.89 and its 200-day moving average is $28.48. The stock has a market capitalization of $171.66 million, a PE ratio of 10.66 and a beta of 0.57. Peoples Bancorp of North Carolina, Inc. has a 1 year low of $23.74 and a 1 year high of $32.37.

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

Peoples Bancorp of North Carolina Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Tuesday, December 3rd will be paid a dividend of $0.19 per share. The ex-dividend date is Tuesday, December 3rd. This represents a $0.76 dividend on an annualized basis and a yield of 2.42%. Peoples Bancorp of North Carolina’s dividend payout ratio (DPR) is presently 25.76%.

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.