Peoples Bancorp of North Carolina (NASDAQ:PEBK) Director Sells $20,349.93 in Stock

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) Director James Abernethy sold 523 shares of the business’s stock in a transaction on Friday, February 27th. The stock was sold at an average price of $38.91, for a total transaction of $20,349.93. Following the completion of the transaction, the director owned 71,403 shares in the company, valued at $2,778,290.73. This represents a 0.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Peoples Bancorp of North Carolina Stock Down 3.1%

Shares of Peoples Bancorp of North Carolina stock opened at $38.21 on Monday. Peoples Bancorp of North Carolina, Inc. has a 1-year low of $23.74 and a 1-year high of $40.74. The company has a market capitalization of $208.63 million, a PE ratio of 10.56 and a beta of 0.31. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.84 and a quick ratio of 0.84. The business has a 50-day moving average of $37.30 and a 200-day moving average of $33.51.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last issued its quarterly 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 firm had revenue of $24.99 million during the quarter.

Peoples Bancorp of North Carolina Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Wednesday, March 4th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Wednesday, March 4th. This is an increase from Peoples Bancorp of North Carolina’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.2%. Peoples Bancorp of North Carolina’s dividend payout ratio is 22.10%.

Institutional Investors Weigh In On Peoples Bancorp of North Carolina

Several institutional investors and hedge funds have recently bought and sold shares of PEBK. Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of Peoples Bancorp of North Carolina during the 2nd quarter worth approximately $29,000. Russell Investments Group Ltd. grew its stake in Peoples Bancorp of North Carolina by 116.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 932 shares of the bank’s stock worth $29,000 after buying an additional 502 shares during the last quarter. Advisory Services Network LLC acquired a new stake in Peoples Bancorp of North Carolina in the third quarter worth $45,000. BNP Paribas Financial Markets lifted its stake in Peoples Bancorp of North Carolina by 28.1% in the third quarter. BNP Paribas Financial Markets now owns 1,600 shares of the bank’s stock valued at $49,000 after buying an additional 351 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Peoples Bancorp of North Carolina during the second quarter valued at $63,000. Institutional investors and hedge funds own 43.83% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on PEBK. Weiss Ratings cut shares of Peoples Bancorp of North Carolina from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, February 20th. Wall Street Zen raised Peoples Bancorp of North Carolina to a “hold” rating in a report on Saturday, December 20th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Peoples Bancorp of North Carolina Company Profile

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.