Peoples Bancorp of North Carolina (NASDAQ:PEBK) Stock: Insider Douglas Howard Acquires 500 Shares

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) Director Douglas Howard acquired 500 shares of the firm’s stock in a transaction that occurred on Wednesday, October 28th. The stock was purchased at an average cost of $43.76 per share, with a total value of $21,880.00. Following the purchase, the director directly owned 24,227 shares in the company, valued at approximately $1,060,173.52. This trade represents a 2.11% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Peoples Bancorp of North Carolina Trading Down 1.3%

NASDAQ PEBK opened at $44.03 on Friday. Peoples Bancorp of North Carolina, Inc. has a twelve month low of $27.33 and a twelve month high of $45.78. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.86 and a current ratio of 0.86. The stock has a market cap of $240.40 million, a price-to-earnings ratio of 10.95 and a beta of 0.30. The firm’s 50 day moving average price is $43.82 and its two-hundred day moving average price is $41.42.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last announced its earnings results on Monday, October 19th. The bank reported $1.05 earnings per share (EPS) for the quarter. The company had revenue of $23.38 million for the quarter. Peoples Bancorp of North Carolina had a net margin of 18.93% and a return on equity of 13.84%.

Peoples Bancorp of North Carolina Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Thursday, September 3rd were given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Thursday, September 3rd. Peoples Bancorp of North Carolina’s dividend payout ratio (DPR) is 20.90%.

Institutional Investors Weigh In On Peoples Bancorp of North Carolina

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GTS Securities LLC acquired a new stake in shares of Peoples Bancorp of North Carolina during the 2nd quarter valued at $219,000. Empowered Funds LLC grew its holdings in shares of Peoples Bancorp of North Carolina by 3.3% during the 1st quarter. Empowered Funds LLC now owns 35,324 shares of the bank’s stock valued at $1,383,000 after acquiring an additional 1,112 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Peoples Bancorp of North Carolina by 33.3% during the 1st quarter. Renaissance Technologies LLC now owns 37,614 shares of the bank’s stock valued at $1,473,000 after acquiring an additional 9,407 shares in the last quarter. First Trust Advisors LP acquired a new position in shares of Peoples Bancorp of North Carolina in the first quarter worth $236,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of Peoples Bancorp of North Carolina by 4.6% in the first quarter. Dimensional Fund Advisors LP now owns 167,283 shares of the bank’s stock worth $6,551,000 after acquiring an additional 7,404 shares during the last quarter. Hedge funds and other institutional investors own 43.83% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Peoples Bancorp of North Carolina from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating. Based on data from MarketBeat.com, Peoples Bancorp of North Carolina currently has a consensus rating of “Strong Buy”.

Peoples Bancorp of North Carolina Company Profile

Peoples Bancorp of North Carolina, Inc is the bank holding company for Peoples Bank, a community banking institution headquartered in Newton, North Carolina. Through its banking subsidiary, the company provides financial services to individuals, families, businesses and nonprofit organizations.

Peoples Bank offers deposit products, including checking, savings, money market and certificate of deposit accounts, along with consumer, residential mortgage, commercial and real estate lending.