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

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) Director James S. Abernethy sold 1,000 shares of Peoples Bancorp of North Carolina stock in a transaction on Friday, August 30th. The shares were sold at an average price of $29.02, for a total value of $29,020.00. Following the transaction, the director now owns 40,900 shares in the company, valued at approximately $1,186,918. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Peoples Bancorp of North Carolina Stock Down 0.1 %

Shares of PEBK stock traded down $0.03 on Tuesday, reaching $28.89. 19,895 shares of the company’s stock traded hands, compared to its average volume of 19,591. Peoples Bancorp of North Carolina, Inc. has a 12-month low of $18.81 and a 12-month high of $32.37. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market capitalization of $152.86 million, a P/E ratio of 9.86 and a beta of 0.58. The business’s 50 day moving average price is $29.54 and its two-hundred day moving average price is $28.91.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last announced its quarterly earnings results on Monday, July 22nd. The bank reported $0.89 earnings per share for the quarter. Peoples Bancorp of North Carolina had a return on equity of 13.85% and a net margin of 15.80%. The company had revenue of $20.94 million during the quarter.

Peoples Bancorp of North Carolina Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Tuesday, September 3rd will be paid a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.63%. Peoples Bancorp of North Carolina’s payout ratio is presently 25.94%.

Hedge Funds Weigh In On Peoples Bancorp of North Carolina

A number of institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its stake in shares of Peoples Bancorp of North Carolina by 0.5% in the second quarter. Dimensional Fund Advisors LP now owns 146,625 shares of the bank’s stock worth $4,281,000 after purchasing an additional 734 shares during the period. AMG National Trust Bank increased its stake in shares of Peoples Bancorp of North Carolina by 12.0% in the fourth quarter. AMG National Trust Bank now owns 37,245 shares of the bank’s stock worth $1,124,000 after purchasing an additional 3,993 shares during the period. Empowered Funds LLC increased its stake in shares of Peoples Bancorp of North Carolina by 7.7% in the first quarter. Empowered Funds LLC now owns 26,824 shares of the bank’s stock worth $747,000 after purchasing an additional 1,925 shares during the period. Renaissance Technologies LLC increased its stake in shares of 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 worth $643,000 after purchasing an additional 1,400 shares during the period. Finally, Bank of New York Mellon Corp bought a new position in Peoples Bancorp of North Carolina during the second quarter valued at about $388,000. 43.83% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com downgraded 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.