Vanguard Group Inc lowered its holdings in shares of Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) by 0.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 202,353 shares of the bank’s stock after selling 599 shares during the period. Vanguard Group Inc owned about 3.37% of Peoples Bancorp of North Carolina worth $5,836,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in PEBK. Panagora Asset Management Inc. lifted its position in shares of Peoples Bancorp of North Carolina by 41.0% in the 3rd quarter. Panagora Asset Management Inc. now owns 10,543 shares of the bank’s stock worth $304,000 after purchasing an additional 3,066 shares during the period. Martingale Asset Management L P increased its stake in shares of Peoples Bancorp of North Carolina by 20.0% in the 3rd quarter. Martingale Asset Management L P now owns 11,407 shares of the bank’s stock worth $329,000 after acquiring an additional 1,900 shares in the last quarter. Maltese Capital Management LLC increased its stake in shares of Peoples Bancorp of North Carolina by 31.0% in the 3rd quarter. Maltese Capital Management LLC now owns 20,000 shares of the bank’s stock worth $577,000 after acquiring an additional 4,737 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Peoples Bancorp of North Carolina by 43.5% in the 2nd quarter. Renaissance Technologies LLC now owns 31,370 shares of the bank’s stock worth $1,005,000 after acquiring an additional 9,514 shares in the last quarter. Finally, BlackRock Inc. increased its stake in shares of Peoples Bancorp of North Carolina by 2.2% in the 2nd quarter. BlackRock Inc. now owns 207,761 shares of the bank’s stock worth $6,655,000 after acquiring an additional 4,483 shares in the last quarter. 32.45% of the stock is currently owned by institutional investors.

Separately, ValuEngine upgraded shares of Peoples Bancorp of North Carolina from a “sell” rating to a “hold” rating in a research note on Tuesday, November 13th.

Shares of Peoples Bancorp of North Carolina stock remained flat at $$26.30 during trading on Monday. 452 shares of the company traded hands, compared to its average volume of 6,072. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.89 and a current ratio of 0.89. The company has a market cap of $157.68 million, a price-to-earnings ratio of 12.58 and a beta of 0.67. Peoples Bancorp of North Carolina, Inc. has a 52 week low of $20.03 and a 52 week high of $33.49.

The company also recently disclosed a dividend, which will be paid on Monday, February 18th. Shareholders of record on Monday, February 4th will be paid a dividend of $0.10 per share. This is a positive change from Peoples Bancorp of North Carolina’s previous dividend of $0.08. The ex-dividend date is Friday, February 1st.

In other news, Chairman Robert C. Abernethy acquired 968 shares of Peoples Bancorp of North Carolina stock in a transaction on Thursday, November 29th. The stock was acquired at an average cost of $29.00 per share, for a total transaction of $28,072.00. Following the purchase, the chairman now owns 165,234 shares in the company, valued at $4,791,786. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 11.17% of the stock is currently owned by company insiders.

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Peoples Bancorp of North Carolina Profile

Peoples Bancorp of North Carolina, Inc operates as the 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, and consumer loans, as well as agricultural loans.

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Institutional Ownership by Quarter for Peoples Bancorp of North Carolina (NASDAQ:PEBK)

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