Peoples Bancorp of North Carolina (NASDAQ:PEBK) Posts Quarterly Earnings Results

Peoples Bancorp of North Carolina (NASDAQ:PEBK) posted its earnings results on Monday. The bank reported $0.72 earnings per share for the quarter, reports. Peoples Bancorp of North Carolina had a return on equity of 13.85% and a net margin of 15.80%. The business had revenue of $20.64 million during the quarter.

Peoples Bancorp of North Carolina Stock Up 0.2 %

PEBK opened at $25.34 on Thursday. The business has a 50 day moving average price of $26.77 and a two-hundred day moving average price of $28.58. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.12. The company has a market cap of $138.36 million, a PE ratio of 8.53 and a beta of 0.57. Peoples Bancorp of North Carolina has a 52 week low of $18.81 and a 52 week high of $32.37.

Peoples Bancorp of North Carolina Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Tuesday, September 3rd were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 3.00%. The ex-dividend date was Tuesday, September 3rd. Peoples Bancorp of North Carolina’s dividend payout ratio is presently 25.59%.

Analyst Ratings Changes

Separately, StockNews.com downgraded Peoples Bancorp of North Carolina from a “buy” rating to a “hold” rating in a report on Thursday, July 25th.

Insider Buying and Selling at Peoples Bancorp of North Carolina

In other Peoples Bancorp of North Carolina news, Director Kim Boyd-Leaks sold 8,686 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $28.91, for a total transaction of $251,112.26. Following the completion of the sale, the director now directly owns 1,022 shares of the company’s stock, valued at $29,546.02. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Peoples Bancorp of North Carolina news, Director James S. Abernethy sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $28.73, for a total transaction of $71,825.00. Following the transaction, the director now owns 76,976 shares in the company, valued at approximately $2,211,520.48. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Kim Boyd-Leaks sold 8,686 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $28.91, for a total value of $251,112.26. Following the transaction, the director now owns 1,022 shares in the company, valued at $29,546.02. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,686 shares of company stock valued at $395,507 in the last ninety days. Insiders own 16.94% of the company’s stock.

Hedge Funds Weigh In On Peoples Bancorp of North Carolina

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its position in Peoples Bancorp of North Carolina by 0.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 146,625 shares of the bank’s stock worth $4,281,000 after purchasing an additional 734 shares during the period. Renaissance Technologies LLC grew its holdings in shares of Peoples Bancorp of North Carolina by 6.8% in the 2nd quarter. Renaissance Technologies LLC now owns 22,012 shares of the bank’s stock worth $643,000 after acquiring an additional 1,400 shares during the period. Empowered Funds LLC increased its stake in Peoples Bancorp of North Carolina by 7.7% in the 1st quarter. Empowered Funds LLC now owns 26,824 shares of the bank’s stock valued at $747,000 after purchasing an additional 1,925 shares in the last quarter. Rhumbline Advisers purchased a new position in Peoples Bancorp of North Carolina in the 2nd quarter valued at approximately $169,000. Finally, Bank of New York Mellon Corp purchased a new position in Peoples Bancorp of North Carolina in the 2nd quarter valued at approximately $388,000. Institutional investors and hedge funds own 43.83% of the company’s stock.

Peoples Bancorp of North Carolina Company Profile

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.