Insider Selling: Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) Director Sells $251,112.26 in Stock

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) Director Kim Boyd-Leaks sold 8,686 shares of Peoples Bancorp of North Carolina stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $28.91, for a total transaction of $251,112.26. Following the completion of the transaction, the director now owns 1,022 shares of the company’s stock, valued at approximately $29,546.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Peoples Bancorp of North Carolina Stock Down 0.4 %

Shares of NASDAQ PEBK opened at $28.69 on Monday. Peoples Bancorp of North Carolina, Inc. has a 1 year low of $18.81 and a 1 year high of $32.37. The company has a market capitalization of $151.80 million, a price-to-earnings ratio of 9.79 and a beta of 0.58. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.81 and a quick ratio of 0.81. The business has a 50-day moving average of $29.76 and a two-hundred day moving average of $28.68.

Peoples Bancorp of North Carolina Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Monday, June 3rd were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 2.65%. The ex-dividend date was Monday, June 3rd. Peoples Bancorp of North Carolina’s payout ratio is 25.94%.

Hedge Funds Weigh In On Peoples Bancorp of North Carolina

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its position in shares of Peoples Bancorp of North Carolina by 0.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 146,625 shares of the bank’s stock worth $4,281,000 after buying an additional 734 shares during the last quarter. AMG National Trust Bank grew its position in shares of Peoples Bancorp of North Carolina by 12.0% in the 4th quarter. AMG National Trust Bank now owns 37,245 shares of the bank’s stock valued at $1,124,000 after buying an additional 3,993 shares during the last quarter. Empowered Funds LLC raised its stake in Peoples Bancorp of North Carolina by 7.7% during the 1st quarter. Empowered Funds LLC now owns 26,824 shares of the bank’s stock worth $747,000 after acquiring an additional 1,925 shares in the last quarter. Renaissance Technologies LLC lifted its position in Peoples Bancorp of North Carolina by 6.8% in the second quarter. Renaissance Technologies LLC now owns 22,012 shares of the bank’s stock valued at $643,000 after acquiring an additional 1,400 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in Peoples Bancorp of North Carolina in the second quarter valued at $388,000. 43.83% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Peoples Bancorp of North Carolina from a “buy” rating to a “hold” rating in a report on Thursday, July 25th.

About Peoples Bancorp of North Carolina

Peoples Bancorp of North Carolina, Inc operates as the bank holding company for Peoples Bank that provides various banking products and services for individuals and small-to medium-sized businesses. It offers checking, savings, money market, and retirement accounts; certificates of deposits; and credit and debit cards.