Insider Selling: Peoples Bancorp of North Carolina (NASDAQ:PEBK) Director Sells $43,790.00 in Stock

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) Director James Abernethy sold 1,000 shares of the stock in a transaction on Wednesday, October 28th. The shares were sold at an average price of $43.79, for a total transaction of $43,790.00. Following the completion of the sale, the director owned 64,626 shares of the company’s stock, valued at approximately $2,829,972.54. This represents a 1.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Peoples Bancorp of North Carolina Stock Performance

Shares of PEBK opened at $44.03 on Friday. The firm has a 50-day moving average of $43.82 and a 200-day moving average of $41.42. Peoples Bancorp of North Carolina, Inc. has a one year low of $27.33 and a one year high of $45.78. The company has a market cap of $240.40 million, a PE ratio of 10.95 and a beta of 0.30. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.86 and a quick ratio of 0.86.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last released its quarterly earnings data on Monday, October 19th. The bank reported $1.05 earnings per share 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 declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Thursday, September 3rd were issued a dividend of $0.21 per share. The ex-dividend date was Thursday, September 3rd. This represents a $0.84 dividend on an annualized basis and a yield of 1.9%. Peoples Bancorp of North Carolina’s dividend payout ratio (DPR) is presently 20.90%.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Peoples Bancorp of North Carolina from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Thursday, October 8th. One analyst has rated the stock with a Strong Buy rating. According to data from MarketBeat, Peoples Bancorp of North Carolina has an average rating of “Strong Buy”.

Institutional Trading of Peoples Bancorp of North Carolina

Hedge funds and other institutional investors have recently bought and sold shares of the business. GTS Securities LLC acquired a new position in shares of Peoples Bancorp of North Carolina during the 2nd quarter worth approximately $219,000. First Trust Advisors LP bought a new position in shares of Peoples Bancorp of North Carolina during the first quarter worth approximately $236,000. Ritholtz Wealth Management increased its holdings in shares of Peoples Bancorp of North Carolina by 19.9% during the first quarter. Ritholtz Wealth Management now owns 7,136 shares of the bank’s stock worth $279,000 after purchasing an additional 1,184 shares during the period. Hsbc Holdings PLC acquired a new stake in shares of Peoples Bancorp of North Carolina in the first quarter valued at approximately $369,000. Finally, Empowered Funds LLC raised its position in shares of Peoples Bancorp of North Carolina by 3.3% in the first quarter. Empowered Funds LLC now owns 35,324 shares of the bank’s stock valued at $1,383,000 after buying an additional 1,112 shares in the last quarter. Institutional investors and hedge funds own 43.83% of the company’s stock.

About Peoples Bancorp of North Carolina

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.