Peoples Bancorp of North Carolina (NASDAQ:PEBK) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Peoples Bancorp of North Carolina (NASDAQ:PEBKGet Rating) in a research report sent to investors on Monday morning. The brokerage issued a buy rating on the bank’s stock.

Peoples Bancorp of North Carolina Stock Up 0.1 %

PEBK opened at $28.99 on Monday. The firm has a 50 day moving average price of $26.60 and a 200 day moving average price of $26.53. The company has a market cap of $164.08 million, a PE ratio of 10.98 and a beta of 0.68. Peoples Bancorp of North Carolina has a 1 year low of $24.42 and a 1 year high of $30.00. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.76 and a current ratio of 0.77.

Peoples Bancorp of North Carolina Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Friday, December 2nd will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date is Thursday, December 1st. Peoples Bancorp of North Carolina’s dividend payout ratio (DPR) is presently 27.27%.

Insider Buying and Selling

In related news, Director James S. Abernethy sold 3,200 shares of the stock in a transaction that occurred on Friday, October 28th. The shares were sold at an average price of $27.50, for a total transaction of $88,000.00. Following the completion of the sale, the director now owns 43,620 shares of the company’s stock, valued at approximately $1,199,550. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 18.61% of the company’s stock.

Institutional Trading of Peoples Bancorp of North Carolina

Several large investors have recently bought and sold shares of the company. BlackRock Inc. grew its position in Peoples Bancorp of North Carolina by 4.7% in the first quarter. BlackRock Inc. now owns 13,487 shares of the bank’s stock valued at $387,000 after acquiring an additional 607 shares in the last quarter. State Street Corp grew its position in Peoples Bancorp of North Carolina by 6.2% in the first quarter. State Street Corp now owns 12,327 shares of the bank’s stock valued at $354,000 after acquiring an additional 724 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Peoples Bancorp of North Carolina by 0.9% in the first quarter. Dimensional Fund Advisors LP now owns 163,408 shares of the bank’s stock valued at $4,690,000 after acquiring an additional 1,419 shares in the last quarter. Fourthstone LLC grew its position in Peoples Bancorp of North Carolina by 1.3% in the first quarter. Fourthstone LLC now owns 251,828 shares of the bank’s stock valued at $7,227,000 after acquiring an additional 3,234 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in Peoples Bancorp of North Carolina by 27.7% in the first quarter. Vanguard Group Inc. now owns 157,506 shares of the bank’s stock valued at $4,520,000 after acquiring an additional 34,178 shares in the last quarter. Institutional investors and hedge funds own 34.33% of the company’s stock.

About Peoples Bancorp of North Carolina

(Get Rating)

Peoples Bancorp of North Carolina, Inc operates as the bank holding company for Peoples Bank that provides various commercial and consumer banking products and services to individuals and small to medium-sized businesses. It offers checking, savings, money market, and time deposits; demand deposits; and certificates of deposit, as well as borrowed funds.

Further Reading

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