Peoples Bancorp of North Carolina (NASDAQ:PEBK) Director James Abernethy Sells 1,000 Shares

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) Director James Abernethy sold 1,000 shares of Peoples Bancorp of North Carolina stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $42.91, for a total value of $42,910.00. Following the completion of the transaction, the director owned 66,626 shares in the company, valued at $2,858,921.66. This trade represents a 1.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Peoples Bancorp of North Carolina Stock Performance

Shares of Peoples Bancorp of North Carolina stock opened at $43.00 on Friday. The company has a market capitalization of $234.78 million, a PE ratio of 11.81 and a beta of 0.29. The company has a 50-day simple moving average of $42.81 and a two-hundred day simple moving average of $40.26. Peoples Bancorp of North Carolina, Inc. has a one year low of $26.81 and a one year high of $45.78. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.85 and a current ratio of 0.85.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last released its quarterly earnings results on Monday, July 20th. The bank reported $0.96 earnings per share for the quarter. Peoples Bancorp of North Carolina had a net margin of 17.25% and a return on equity of 12.88%. The business had revenue of $23.11 million for the quarter.

Peoples Bancorp of North Carolina Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Wednesday, June 3rd were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Wednesday, June 3rd. This represents a $0.84 dividend on an annualized basis and a yield of 2.0%. Peoples Bancorp of North Carolina’s dividend payout ratio is presently 23.08%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Peoples Bancorp of North Carolina in a report on Tuesday, July 21st. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy”.

Institutional Investors Weigh In On Peoples Bancorp of North Carolina

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Empowered Funds LLC boosted its holdings in Peoples Bancorp of North Carolina by 3.3% in the first quarter. Empowered Funds LLC now owns 35,324 shares of the bank’s stock worth $1,383,000 after acquiring an additional 1,112 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Peoples Bancorp of North Carolina by 33.3% during the first quarter. Renaissance Technologies LLC now owns 37,614 shares of the bank’s stock worth $1,473,000 after acquiring an additional 9,407 shares during the last quarter. First Trust Advisors LP acquired a new position in shares of Peoples Bancorp of North Carolina during the first quarter valued at about $236,000. Dimensional Fund Advisors LP increased its holdings in shares of Peoples Bancorp of North Carolina by 4.6% during the first quarter. Dimensional Fund Advisors LP now owns 167,283 shares of the bank’s stock valued at $6,551,000 after acquiring an additional 7,404 shares in the last quarter. Finally, Hsbc Holdings PLC purchased a new position in shares of Peoples Bancorp of North Carolina in the 1st quarter valued at approximately $369,000. 43.83% of the stock is currently owned by hedge funds and other institutional investors.

Peoples Bancorp of North Carolina Company Profile

Peoples Bancorp of North Carolina, Inc is a bank holding company headquartered in Hickory, North Carolina, that operates through its wholly owned subsidiary, Peoples Bank. The company provides a comprehensive suite of banking and financial services tailored to individuals, small businesses, and municipal clients in the western region of North Carolina.

Through its community banking network, Peoples Bancorp offers deposit products such as checking, savings, money market accounts and certificates of deposit, alongside consumer and commercial lending solutions.