Peoples Bancorp of North Carolina (NASDAQ:PEBK) Director James Abernethy Sells 600 Shares of Stock

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) Director James Abernethy sold 600 shares of Peoples Bancorp of North Carolina stock in a transaction dated Thursday, October 29th. The shares were sold at an average price of $43.93, for a total transaction of $26,358.00. Following the transaction, the director directly owned 34,300 shares of the company’s stock, valued at $1,506,799. This represents a 1.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Peoples Bancorp of North Carolina Trading Up 1.5%

Shares of PEBK opened at $44.60 on Friday. The stock has a fifty day moving average price of $43.82 and a two-hundred day moving average price of $41.38. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.86 and a current ratio of 0.86. Peoples Bancorp of North Carolina, Inc. has a 52-week low of $27.33 and a 52-week high of $45.78. The company has a market cap of $243.61 million, a price-to-earnings ratio of 11.09 and a beta of 0.30.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last released its quarterly earnings results on Monday, October 19th. The bank reported $1.05 EPS for the quarter. The business 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 Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Thursday, September 3rd were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Thursday, September 3rd. Peoples Bancorp of North Carolina’s payout ratio is presently 20.90%.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Peoples Bancorp of North Carolina

Hedge funds have recently modified their holdings of the business. Empowered Funds LLC lifted its holdings in shares of Peoples Bancorp of North Carolina by 3.3% during the 1st quarter. Empowered Funds LLC now owns 35,324 shares of the bank’s stock valued at $1,383,000 after purchasing an additional 1,112 shares in the last quarter. Ritholtz Wealth Management grew its position in shares of Peoples Bancorp of North Carolina by 19.9% in the 1st quarter. Ritholtz Wealth Management now owns 7,136 shares of the bank’s stock valued at $279,000 after purchasing an additional 1,184 shares during the period. GTS Securities LLC bought a new stake in Peoples Bancorp of North Carolina during the 2nd quarter worth approximately $219,000. First Trust Advisors LP bought a new stake in Peoples Bancorp of North Carolina during the 1st quarter worth approximately $236,000. Finally, Dimensional Fund Advisors LP increased its stake in Peoples Bancorp of North Carolina by 4.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 167,283 shares of the bank’s stock worth $6,551,000 after purchasing an additional 7,404 shares in the last quarter. Institutional investors and hedge funds own 43.83% of the company’s stock.

Peoples Bancorp of North Carolina Company Profile

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.