Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) Director James S. Abernethy Sells 1,000 Shares

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) Director James S. Abernethy sold 1,000 shares of the firm’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $25.57, for a total value of $25,570.00. Following the completion of the sale, the director now owns 75,976 shares in the company, valued at approximately $1,942,706.32. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Peoples Bancorp of North Carolina Stock Performance

Shares of PEBK traded up $0.31 during midday trading on Tuesday, reaching $25.95. 3,657 shares of the stock were exchanged, compared to its average volume of 19,170. The business’s 50-day moving average price is $26.56 and its 200 day moving average price is $28.54. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.81 and a quick ratio of 0.81. Peoples Bancorp of North Carolina, Inc. has a twelve month low of $21.54 and a twelve month high of $32.37. The company has a market capitalization of $141.69 million, a price-to-earnings ratio of 8.80 and a beta of 0.57.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last posted its earnings results on Monday, October 21st. The bank reported $0.72 EPS for the quarter. Peoples Bancorp of North Carolina had a return on equity of 13.29% and a net margin of 15.27%. The business had revenue of $20.64 million for the quarter.

Peoples Bancorp of North Carolina Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date of this dividend was Tuesday, September 3rd. Peoples Bancorp of North Carolina’s dividend payout ratio (DPR) is currently 25.76%.

Institutional Trading of Peoples Bancorp of North Carolina

Hedge funds and other institutional investors have recently made changes to their positions in the company. Rhumbline Advisers acquired a new stake in shares of Peoples Bancorp of North Carolina during the second quarter worth about $169,000. Bank of New York Mellon Corp purchased a new position in shares of Peoples Bancorp of North Carolina during the second quarter worth about $388,000. Renaissance Technologies LLC grew its holdings in shares of Peoples Bancorp of North Carolina by 6.8% during the second quarter. Renaissance Technologies LLC now owns 22,012 shares of the bank’s stock worth $643,000 after buying an additional 1,400 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of Peoples Bancorp of North Carolina by 7.7% during the first quarter. Empowered Funds LLC now owns 26,824 shares of the bank’s stock worth $747,000 after buying an additional 1,925 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Peoples Bancorp of North Carolina by 0.5% during the second quarter. Dimensional Fund Advisors LP now owns 146,625 shares of the bank’s stock worth $4,281,000 after buying an additional 734 shares during the last quarter. Institutional investors and hedge funds own 43.83% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.