Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $29.47 and traded as low as $28.00. Peoples Bancorp of North Carolina shares last traded at $28.28, with a volume of 2,413 shares changing hands.

Separately, ValuEngine raised Peoples Bancorp of North Carolina from a “sell” rating to a “hold” rating in a report on Friday, January 24th.

The firm has a fifty day simple moving average of $29.90 and a two-hundred day simple moving average of $29.48. The firm has a market capitalization of $167.19 million, a P/E ratio of 12.22 and a beta of 0.78. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.99 and a quick ratio of 0.99.

The company also recently disclosed a None dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be issued a dividend of $0.15 per share. This is a positive change from Peoples Bancorp of North Carolina’s previous None dividend of $0.10. The ex-dividend date of this dividend is Friday, January 31st.

In other Peoples Bancorp of North Carolina news, Director James S. Abernethy sold 1,000 shares of the stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $28.00, for a total transaction of $28,000.00. Following the completion of the transaction, the director now directly owns 58,722 shares of the company’s stock, valued at $1,644,216. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 11.28% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. grew its holdings in Peoples Bancorp of North Carolina by 5.6% during the second quarter. BlackRock Inc. now owns 218,571 shares of the bank’s stock valued at $6,568,000 after purchasing an additional 11,518 shares during the period. Rhumbline Advisers grew its holdings in Peoples Bancorp of North Carolina by 7.3% during the third quarter. Rhumbline Advisers now owns 7,344 shares of the bank’s stock valued at $218,000 after purchasing an additional 500 shares during the period. James Investment Research Inc. grew its holdings in Peoples Bancorp of North Carolina by 199.0% during the third quarter. James Investment Research Inc. now owns 2,392 shares of the bank’s stock valued at $71,000 after purchasing an additional 1,592 shares during the period. Morgan Stanley grew its holdings in Peoples Bancorp of North Carolina by 44.5% during the second quarter. Morgan Stanley now owns 12,784 shares of the bank’s stock valued at $385,000 after purchasing an additional 3,934 shares during the period. Finally, Northern Trust Corp grew its holdings in Peoples Bancorp of North Carolina by 3.4% during the second quarter. Northern Trust Corp now owns 53,771 shares of the bank’s stock valued at $1,615,000 after purchasing an additional 1,749 shares during the period. 33.47% of the stock is owned by institutional investors and hedge funds.

Peoples Bancorp of North Carolina Company Profile (NASDAQ:PEBK)

Peoples Bancorp of North Carolina, Inc operates as a bank holding company for Peoples Bank that provides various banking products and services to individuals and small to medium-sized businesses. It offers various deposit products. The company's loan products comprise commercial real estate, commercial, construction and land development, single-family residential, residential mortgage, individual taxpayer identification number mortgage loans, as well as agricultural loans.

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