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

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) Director James Abernethy sold 1,000 shares of the company’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $38.34, for a total value of $38,340.00. Following the completion of the transaction, the director directly owned 72,526 shares of the company’s stock, valued at approximately $2,780,646.84. This trade represents a 1.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Peoples Bancorp of North Carolina Price Performance

NASDAQ PEBK remained flat at $38.61 during trading on Monday. The company’s stock had a trading volume of 15,149 shares, compared to its average volume of 19,617. The company has a 50-day moving average of $36.21 and a 200-day moving average of $32.43. Peoples Bancorp of North Carolina, Inc. has a fifty-two week low of $23.74 and a fifty-two week high of $39.46. The firm has a market capitalization of $210.81 million, a P/E ratio of 10.67 and a beta of 0.34. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.10.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last announced its earnings results on Monday, January 26th. The bank reported $1.21 EPS for the quarter. The firm had revenue of $24.99 million during the quarter. Peoples Bancorp of North Carolina had a return on equity of 13.77% and a net margin of 17.30%.

Peoples Bancorp of North Carolina Announces Dividend

The business also recently disclosed an annual dividend, which will be paid on Friday, February 13th. Investors of record on Wednesday, February 4th will be paid a dividend of $0.17 per share. This represents a dividend yield of 46.0%. The ex-dividend date is Wednesday, February 4th. Peoples Bancorp of North Carolina’s dividend payout ratio is 22.10%.

Wall Street Analyst Weigh In

PEBK has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of Peoples Bancorp of North Carolina to a “hold” rating in a research note on Saturday, December 20th. Weiss Ratings raised Peoples Bancorp of North Carolina from a “hold (c)” rating to a “buy (b-)” rating in a report on Thursday. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Peoples Bancorp of North Carolina has a consensus rating of “Buy”.

Institutional Investors Weigh In On Peoples Bancorp of North Carolina

A number of institutional investors have recently made changes to their positions in PEBK. BNP Paribas Financial Markets increased its stake in shares of Peoples Bancorp of North Carolina by 28.1% during the third quarter. BNP Paribas Financial Markets now owns 1,600 shares of the bank’s stock worth $49,000 after acquiring an additional 351 shares during the period. Russell Investments Group Ltd. grew its holdings in shares of Peoples Bancorp of North Carolina by 116.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 932 shares of the bank’s stock worth $29,000 after acquiring an additional 502 shares during the period. Geode Capital Management LLC increased its position in shares of 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 buying an additional 530 shares in the last quarter. JPMorgan Chase & Co. raised its position in Peoples Bancorp of North Carolina by 21.9% during the third quarter. JPMorgan Chase & Co. now owns 3,684 shares of the bank’s stock worth $113,000 after acquiring an additional 662 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in Peoples Bancorp of North Carolina by 30.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,155 shares of the bank’s stock valued at $97,000 after buying an additional 735 shares in the last quarter. 43.83% of the stock is currently owned by institutional investors and hedge funds.

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.