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

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) Director James Abernethy sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $43.11, for a total transaction of $43,110.00. Following the completion of the sale, the director directly owned 65,626 shares in the company, valued at $2,829,136.86. This trade represents a 1.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Peoples Bancorp of North Carolina Trading Up 1.1%

Shares of PEBK stock traded up $0.47 during trading hours on Friday, hitting $43.81. The company had a trading volume of 10,140 shares, compared to its average volume of 31,494. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a market capitalization of $239.20 million, a PE ratio of 12.04 and a beta of 0.29. The company’s fifty day moving average is $43.28 and its 200 day moving average is $41.25. Peoples Bancorp of North Carolina, Inc. has a fifty-two week low of $27.33 and a fifty-two week high of $45.78.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last posted its earnings results on Monday, July 20th. The bank reported $0.96 earnings per share for the quarter. Peoples Bancorp of North Carolina had a net margin of 17.25% and a return on equity of 12.75%. The firm had revenue of $23.11 million during the quarter.

Peoples Bancorp of North Carolina Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Thursday, September 3rd will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Thursday, September 3rd. Peoples Bancorp of North Carolina’s payout ratio is currently 23.08%.

Institutional Trading of Peoples Bancorp of North Carolina

Large investors have recently modified their holdings of the stock. BlackRock Inc. purchased a new position in Peoples Bancorp of North Carolina in the second quarter valued at $17,249,000. Dimensional Fund Advisors LP raised its position in Peoples Bancorp of North Carolina by 4.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 167,283 shares of the bank’s stock valued at $6,551,000 after purchasing an additional 7,404 shares in the last quarter. Fourthstone LLC boosted its stake in shares of Peoples Bancorp of North Carolina by 104.4% in the 4th quarter. Fourthstone LLC now owns 154,533 shares of the bank’s stock valued at $5,594,000 after buying an additional 78,921 shares during the period. Geode Capital Management LLC grew its position in shares of Peoples Bancorp of North Carolina by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 109,442 shares of the bank’s stock worth $3,962,000 after buying an additional 886 shares in the last quarter. Finally, Maltese Capital Management LLC grew its position in shares of Peoples Bancorp of North Carolina by 1.2% during the fourth quarter. Maltese Capital Management LLC now owns 49,958 shares of the bank’s stock worth $1,808,000 after buying an additional 612 shares in the last quarter. Hedge funds and other institutional investors own 43.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Peoples Bancorp of North Carolina from a “buy (b)” rating to a “buy (b+)” rating in a research report on Tuesday, August 4th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.

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.