ValuEngine upgraded shares of Peoples Bancorp of North Carolina (NASDAQ:PEBK) from a sell rating to a hold rating in a research report sent to investors on Friday morning, ValuEngine reports.

PEBK stock opened at $28.22 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.17. The stock has a market cap of $170.92 million, a PE ratio of 13.64 and a beta of 0.71. Peoples Bancorp of North Carolina has a fifty-two week low of $20.03 and a fifty-two week high of $33.49.

In other news, Director James S. Abernethy sold 1,500 shares of the company’s stock in a transaction dated Tuesday, February 12th. The stock was sold at an average price of $27.50, for a total transaction of $41,250.00. Following the completion of the transaction, the director now directly owns 64,197 shares of the company’s stock, valued at $1,765,417.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 11.28% of the stock is owned by corporate insiders.

Several hedge funds have recently bought and sold shares of PEBK. BlackRock Inc. boosted its position in shares of Peoples Bancorp of North Carolina by 3.4% during the fourth quarter. BlackRock Inc. now owns 215,990 shares of the bank’s stock worth $5,283,000 after buying an additional 7,152 shares during the period. Renaissance Technologies LLC boosted its position in shares of Peoples Bancorp of North Carolina by 21.7% during the third quarter. Renaissance Technologies LLC now owns 38,189 shares of the bank’s stock worth $1,101,000 after buying an additional 6,819 shares during the period. Southside Capital LLC acquired a new position in shares of Peoples Bancorp of North Carolina during the fourth quarter worth about $149,000. Aspire Private Capital LLC acquired a new position in shares of Peoples Bancorp of North Carolina during the fourth quarter worth about $71,000. Finally, Geode Capital Management LLC boosted its position in shares of Peoples Bancorp of North Carolina by 3.7% during the fourth quarter. Geode Capital Management LLC now owns 54,137 shares of the bank’s stock worth $1,324,000 after buying an additional 1,935 shares during the period. 32.17% of the stock is owned by institutional investors.

About Peoples Bancorp of North Carolina

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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