Insider Buying: Peoples Bancorp of North Carolina (NASDAQ:PEBK) Director Buys 400 Shares of Stock

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) Director Billy Dr Price, Jr. bought 400 shares of the company’s stock in a transaction dated Thursday, August 27th. The stock was bought at an average cost of $43.00 per share, with a total value of $17,200.00. Following the acquisition, the director directly owned 15,244 shares of the company’s stock, valued at approximately $655,492. The trade was a 2.69% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Peoples Bancorp of North Carolina Price Performance

Shares of Peoples Bancorp of North Carolina stock traded up $0.47 during midday trading on Friday, hitting $43.81. 14,257 shares of the company traded hands, compared to its average volume of 31,519. The firm’s fifty day moving average price is $43.28 and its 200-day moving average price is $41.25. The stock has a market cap of $239.20 million, a price-to-earnings ratio of 12.04 and a beta of 0.29. Peoples Bancorp of North Carolina, Inc. has a 12 month low of $27.33 and a 12 month high of $45.78. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.86 and a current ratio of 0.86.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last issued its earnings results on Monday, July 20th. The bank reported $0.96 earnings per share for the quarter. The firm had revenue of $23.11 million for the quarter. Peoples Bancorp of North Carolina had a net margin of 17.25% and a return on equity of 12.75%.

Peoples Bancorp of North Carolina Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Thursday, September 3rd will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $0.84 annualized dividend and a dividend yield of 1.9%. Peoples Bancorp of North Carolina’s dividend payout ratio (DPR) is 23.08%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded Peoples Bancorp of North Carolina from a “buy (b)” rating to a “buy (b+)” rating in a research report on Tuesday, August 4th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Peoples Bancorp of North Carolina presently has a consensus rating of “Buy”.

Institutional Trading of Peoples Bancorp of North Carolina

Institutional investors have recently modified their holdings of the business. Empowered Funds LLC lifted its holdings in Peoples Bancorp of North Carolina by 7.1% during the 1st quarter. Empowered Funds LLC now owns 34,009 shares of the bank’s stock worth $926,000 after buying an additional 2,244 shares during the period. Geode Capital Management LLC boosted its holdings in Peoples Bancorp of North Carolina by 0.5% in the second quarter. Geode Capital Management LLC now owns 109,401 shares of the bank’s stock valued at $3,157,000 after acquiring an additional 530 shares during the last quarter. First Trust Advisors LP increased its position in Peoples Bancorp of North Carolina by 15.1% during the 2nd quarter. First Trust Advisors LP now owns 21,366 shares of the bank’s stock valued at $616,000 after purchasing an additional 2,809 shares during the period. Raymond James Financial Inc. acquired a new stake in Peoples Bancorp of North Carolina during the 2nd quarter valued at approximately $63,000. Finally, Jane Street Group LLC bought a new position in Peoples Bancorp of North Carolina during the 2nd quarter worth approximately $212,000. Institutional investors own 43.83% of the company’s stock.

About Peoples Bancorp of North Carolina

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.