Insider Selling: Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) Director Sells 1,000 Shares of Stock

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Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) Director James S. Abernethy sold 1,000 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $29.26, for a total value of $29,260.00. Following the completion of the sale, the director now directly owns 59,972 shares of the company’s stock, valued at $1,754,780.72. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

NASDAQ PEBK traded up $0.25 on Tuesday, reaching $29.90. The company had a trading volume of 4,800 shares, compared to its average volume of 7,610. The stock has a market capitalization of $175.00 million, a P/E ratio of 12.18 and a beta of 0.74. The company’s fifty day moving average is $29.84 and its 200 day moving average is $28.32. Peoples Bancorp of North Carolina, Inc. has a 52-week low of $20.03 and a 52-week high of $34.32. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.71.

Separately, ValuEngine raised Peoples Bancorp of North Carolina from a “sell” rating to a “hold” rating in a research report on Tuesday, October 29th.

A number of large investors have recently made changes to their positions in PEBK. Maltese Capital Management LLC grew its stake in Peoples Bancorp of North Carolina by 32.2% in the 2nd quarter. Maltese Capital Management LLC now owns 79,310 shares of the bank’s stock valued at $2,383,000 after purchasing an additional 19,310 shares during the period. BlackRock Inc. grew its stake in Peoples Bancorp of North Carolina by 5.6% in the 2nd quarter. BlackRock Inc. now owns 218,571 shares of the bank’s stock valued at $6,568,000 after purchasing an additional 11,518 shares during the period. Southside Capital LLC grew its stake in Peoples Bancorp of North Carolina by 176.4% in the 2nd quarter. Southside Capital LLC now owns 15,669 shares of the bank’s stock valued at $471,000 after purchasing an additional 10,000 shares during the period. Renaissance Technologies LLC grew its stake in Peoples Bancorp of North Carolina by 19.1% in the 2nd quarter. Renaissance Technologies LLC now owns 45,592 shares of the bank’s stock valued at $1,370,000 after purchasing an additional 7,300 shares during the period. Finally, Morgan Stanley grew its stake in Peoples Bancorp of North Carolina by 44.5% in the 2nd quarter. Morgan Stanley now owns 12,784 shares of the bank’s stock valued at $385,000 after purchasing an additional 3,934 shares during the period. Hedge funds and other institutional investors own 33.96% of the company’s stock.

Peoples Bancorp of North Carolina Company Profile

Peoples Bancorp of North Carolina, Inc operates as a bank holding company for Peoples Bank that provides various banking products and services to individuals and small to medium-sized businesses. It offers various deposit products. The company's loan products comprise commercial real estate, commercial, construction and land development, single-family residential, residential mortgage, individual taxpayer identification number mortgage loans, as well as agricultural loans.

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Insider Buying and Selling by Quarter for Peoples Bancorp of North Carolina (NASDAQ:PEBK)

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