James Abernethy Sells 600 Shares of Peoples Bancorp of North Carolina (NASDAQ:PEBK) Stock

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) Director James Abernethy sold 600 shares of the stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $40.20, for a total value of $24,120.00. Following the transaction, the director owned 68,626 shares in the company, valued at $2,758,765.20. This trade represents a 0.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Peoples Bancorp of North Carolina Price Performance

Shares of Peoples Bancorp of North Carolina stock opened at $39.91 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $217.91 million, a PE ratio of 10.99 and a beta of 0.28. The business’s 50-day moving average price is $39.52 and its 200-day moving average price is $36.70. Peoples Bancorp of North Carolina, Inc. has a 12 month low of $26.81 and a 12 month high of $42.63.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last announced its quarterly earnings data on Monday, April 20th. The bank reported $0.80 EPS for the quarter. The firm had revenue of $21.57 million for the quarter. Peoples Bancorp of North Carolina had a return on equity of 13.07% and a net margin of 17.22%.

Peoples Bancorp of North Carolina Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Wednesday, March 4th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.1%. The ex-dividend date was Wednesday, March 4th. This is a positive change from Peoples Bancorp of North Carolina’s previous quarterly dividend of $0.20. Peoples Bancorp of North Carolina’s dividend payout ratio is 23.14%.

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 Friday, April 24th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy”.

Hedge Funds Weigh In On Peoples Bancorp of North Carolina

Institutional investors and hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC grew its position in shares of Peoples Bancorp of North Carolina by 33.3% in the 1st quarter. Renaissance Technologies LLC now owns 37,614 shares of the bank’s stock worth $1,473,000 after buying an additional 9,407 shares during the last quarter. First Trust Advisors LP bought a new position in shares of Peoples Bancorp of North Carolina during the first quarter valued at approximately $236,000. Dimensional Fund Advisors LP raised 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. Hsbc Holdings PLC bought a new position in shares of Peoples Bancorp of North Carolina during the first quarter valued at approximately $369,000. Finally, Ritholtz Wealth Management boosted its holdings in Peoples Bancorp of North Carolina by 19.9% in the first quarter. Ritholtz Wealth Management now owns 7,136 shares of the bank’s stock valued at $279,000 after acquiring an additional 1,184 shares in the last quarter. 43.83% of the stock is currently owned by 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.