ValuEngine cut shares of Peoples Bancorp of North Carolina (NASDAQ:PEBK) from a sell rating to a strong sell rating in a research note released on Monday morning, ValuEngine reports.

Shares of PEBK stock opened at $21.69 on Monday. The company has a market capitalization of $121.24 million, a price-to-earnings ratio of 9.19 and a beta of 0.81. Peoples Bancorp of North Carolina has a one year low of $16.75 and a one year high of $34.32. The company’s fifty day moving average price is $25.74 and its 200-day moving average price is $29.00. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.91 and a quick ratio of 0.91.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last posted its earnings results on Thursday, January 23rd. The bank reported $0.50 earnings per share for the quarter. The company had revenue of $15.91 million during the quarter. Peoples Bancorp of North Carolina had a net margin of 20.89% and a return on equity of 10.75%.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Tuesday, March 3rd were paid a $0.15 dividend. This is a boost from Peoples Bancorp of North Carolina’s previous quarterly dividend of $0.10. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date of this dividend was Monday, March 2nd.

In other Peoples Bancorp of North Carolina news, Director James S. Abernethy sold 1,000 shares of Peoples Bancorp of North Carolina stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $28.00, for a total value 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 approximately $1,644,216. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders acquired a total of 580 shares of company stock valued at $15,620 over the last three months. Corporate insiders own 11.28% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in shares of Peoples Bancorp of North Carolina by 5.2% in the 4th quarter. State Street Corp now owns 73,148 shares of the bank’s stock worth $2,403,000 after acquiring an additional 3,640 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in Peoples Bancorp of North Carolina by 6.7% during the 4th quarter. Renaissance Technologies LLC now owns 59,092 shares of the bank’s stock valued at $1,941,000 after buying an additional 3,700 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Peoples Bancorp of North Carolina by 21.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 13,851 shares of the bank’s stock valued at $455,000 after buying an additional 2,488 shares in the last quarter. Bank of America Corp DE lifted its holdings in Peoples Bancorp of North Carolina by 5.2% during the 4th quarter. Bank of America Corp DE now owns 9,523 shares of the bank’s stock valued at $313,000 after buying an additional 468 shares in the last quarter. Finally, California Public Employees Retirement System lifted its holdings in Peoples Bancorp of North Carolina by 4.6% during the 4th quarter. California Public Employees Retirement System now owns 9,147 shares of the bank’s stock valued at $300,000 after buying an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 32.41% of the company’s stock.

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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