Peoples Bancorp of North Carolina (NASDAQ:PEBK) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Shares of Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $32.10 and traded as high as $36.97. Peoples Bancorp of North Carolina shares last traded at $36.63, with a volume of 29,480 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on PEBK shares. Weiss Ratings reissued a “hold (c)” rating on shares of Peoples Bancorp of North Carolina in a research note on Thursday, January 22nd. Wall Street Zen upgraded Peoples Bancorp of North Carolina to a “hold” rating in a report on Saturday, December 20th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Peoples Bancorp of North Carolina Stock Performance

The company has a 50-day simple moving average of $35.71 and a two-hundred day simple moving average of $32.12. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a market capitalization of $200.00 million, a P/E ratio of 10.12 and a beta of 0.36.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last released its earnings results on Monday, January 26th. The bank reported $1.21 EPS for the quarter. Peoples Bancorp of North Carolina had a return on equity of 13.77% and a net margin of 17.30%.The company had revenue of $24.99 million during the quarter.

Peoples Bancorp of North Carolina Dividend Announcement

The firm also recently announced an annual dividend, which will be paid on Friday, February 13th. Stockholders of record on Wednesday, February 4th will be issued a dividend of $0.17 per share. This represents a dividend yield of 47.0%. The ex-dividend date is Wednesday, February 4th. Peoples Bancorp of North Carolina’s payout ratio is 22.10%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. increased its position in shares of Peoples Bancorp of North Carolina by 116.7% during the third quarter. Russell Investments Group Ltd. now owns 932 shares of the bank’s stock valued at $29,000 after acquiring an additional 502 shares in the last quarter. Police & Firemen s Retirement System of New Jersey bought a new stake in Peoples Bancorp of North Carolina during the second quarter valued at about $29,000. Advisory Services Network LLC purchased a new stake in Peoples Bancorp of North Carolina in the third quarter worth about $45,000. BNP Paribas Financial Markets raised its position in shares of Peoples Bancorp of North Carolina by 28.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,600 shares of the bank’s stock valued at $49,000 after purchasing an additional 351 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of Peoples Bancorp of North Carolina during the second quarter worth about $63,000. Institutional investors own 43.83% of the company’s stock.

About Peoples Bancorp of North Carolina

Peoples Bancorp of North Carolina, Inc is a bank holding company headquartered in Hickory, North Carolina, that operates through its wholly owned subsidiary, Peoples Bank. The company provides a comprehensive suite of banking and financial services tailored to individuals, small businesses, and municipal clients in the western region of North Carolina.

Through its community banking network, Peoples Bancorp offers deposit products such as checking, savings, money market accounts and certificates of deposit, alongside consumer and commercial lending solutions.