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

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) Director James Abernethy sold 600 shares of the stock in a transaction on Tuesday, October 28th. The stock was sold at an average price of $30.95, for a total transaction of $18,570.00. Following the completion of the sale, the director directly owned 38,200 shares of the company’s stock, valued at $1,182,290. The trade was a 1.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Peoples Bancorp of North Carolina Stock Down 3.3%

Shares of NASDAQ PEBK opened at $29.50 on Thursday. Peoples Bancorp of North Carolina, Inc. has a 12-month low of $23.74 and a 12-month high of $33.90. The company has a market cap of $161.07 million, a P/E ratio of 9.64 and a beta of 0.63. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.11. The stock has a fifty day moving average price of $30.91 and a 200 day moving average price of $29.35.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last announced its quarterly earnings results on Monday, October 20th. The bank reported $0.67 earnings per share (EPS) for the quarter. Peoples Bancorp of North Carolina had a return on equity of 12.17% and a net margin of 15.11%.The firm had revenue of $22.25 million during the quarter.

Peoples Bancorp of North Carolina Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Wednesday, September 3rd were given a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, September 3rd. This represents a $0.80 annualized dividend and a yield of 2.7%. Peoples Bancorp of North Carolina’s dividend payout ratio (DPR) is 26.14%.

Institutional Trading of Peoples Bancorp of North Carolina

Large investors have recently modified their holdings of the business. Police & Firemen s Retirement System of New Jersey acquired a new stake in Peoples Bancorp of North Carolina during the 2nd quarter valued at approximately $29,000. State of Wyoming grew its stake in Peoples Bancorp of North Carolina by 34.1% during the 1st quarter. State of Wyoming now owns 1,435 shares of the bank’s stock valued at $39,000 after purchasing an additional 365 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Peoples Bancorp of North Carolina during the 2nd quarter valued at approximately $63,000. Farther Finance Advisors LLC acquired a new stake in shares of Peoples Bancorp of North Carolina during the second quarter worth approximately $70,000. Finally, Jane Street Group LLC acquired a new stake in shares of Peoples Bancorp of North Carolina during the second quarter worth approximately $212,000. 43.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Peoples Bancorp of North Carolina in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

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.