Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) Short Interest Down 7.0% in November

Share on StockTwits

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) was the recipient of a significant decrease in short interest in the month of November. As of November 15th, there was short interest totalling 29,300 shares, a decrease of 7.0% from the October 31st total of 31,500 shares. Based on an average daily volume of 7,900 shares, the days-to-cover ratio is presently 3.7 days. Currently, 0.7% of the company’s shares are sold short.

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

In other news, Director James S. Abernethy sold 1,000 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $29.26, for a total transaction of $29,260.00. Following the completion of the sale, the director now owns 59,972 shares of the company’s stock, valued at $1,754,780.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 11.28% of the company’s stock.

A number of hedge funds have recently made changes to their positions in PEBK. James Investment Research Inc. lifted its stake in Peoples Bancorp of North Carolina by 199.0% in the third quarter. James Investment Research Inc. now owns 2,392 shares of the bank’s stock worth $71,000 after acquiring an additional 1,592 shares during the period. Rhumbline Advisers lifted its stake in Peoples Bancorp of North Carolina by 7.3% in the third quarter. Rhumbline Advisers now owns 7,344 shares of the bank’s stock worth $218,000 after acquiring an additional 500 shares during the period. Morgan Stanley lifted its stake in Peoples Bancorp of North Carolina by 44.5% in the second quarter. Morgan Stanley now owns 12,784 shares of the bank’s stock worth $385,000 after acquiring an additional 3,934 shares during the period. Southside Capital LLC lifted its stake in Peoples Bancorp of North Carolina by 176.4% in the second quarter. Southside Capital LLC now owns 15,669 shares of the bank’s stock worth $471,000 after acquiring an additional 10,000 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in Peoples Bancorp of North Carolina by 19.1% in the second quarter. Renaissance Technologies LLC now owns 45,592 shares of the bank’s stock worth $1,370,000 after acquiring an additional 7,300 shares during the period. 33.46% of the stock is owned by institutional investors.

Shares of PEBK stock opened at $31.50 on Monday. The stock has a fifty day moving average of $30.17 and a 200 day moving average of $28.53. Peoples Bancorp of North Carolina has a 52 week low of $20.03 and a 52 week high of $34.32. The firm has a market capitalization of $185.82 million, a price-to-earnings ratio of 12.93 and a beta of 0.74. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.71.

The firm also recently declared a dividend, which will be paid on Monday, December 16th. Investors of record on Tuesday, December 3rd will be paid a $0.14 dividend. This is a positive change from Peoples Bancorp of North Carolina’s previous dividend of $0.10. The ex-dividend date is Monday, December 2nd.

About Peoples Bancorp of North Carolina

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.

See Also: What is the float in trading stocks?

Receive News & Ratings for Peoples Bancorp of North Carolina Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Peoples Bancorp of North Carolina and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.