Peoples Bancorp of North Carolina (NASDAQ:PEBK) Director Douglas Howard Buys 500 Shares of Company Stock

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) Director Douglas Howard acquired 500 shares of the stock in a transaction on Wednesday, October 28th. The shares were bought at an average price of $43.76 per share, with a total value of $21,880.00. Following the purchase, the director directly owned 24,227 shares of the company’s stock, valued at $1,060,173.52. The trade was a 2.11% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Peoples Bancorp of North Carolina Trading Down 1.3%

NASDAQ PEBK opened at $44.03 on Friday. Peoples Bancorp of North Carolina, Inc. has a 12 month low of $27.33 and a 12 month high of $45.78. The stock has a market cap of $240.40 million, a P/E ratio of 10.95 and a beta of 0.30. The stock’s fifty day moving average price is $43.82 and its 200-day moving average price is $41.42. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.10.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last issued its quarterly earnings results on Monday, October 19th. The bank reported $1.05 earnings per share for the quarter. The firm had revenue of $23.38 million during the quarter. Peoples Bancorp of North Carolina had a return on equity of 13.84% and a net margin of 18.93%.

Peoples Bancorp of North Carolina Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Thursday, September 3rd were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Thursday, September 3rd. Peoples Bancorp of North Carolina’s dividend payout ratio (DPR) is currently 20.90%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP raised its position in Peoples Bancorp of North Carolina by 4.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 167,283 shares of the bank’s stock worth $6,551,000 after buying an additional 7,404 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Peoples Bancorp of North Carolina by 33.3% during the 1st quarter. Renaissance Technologies LLC now owns 37,614 shares of the bank’s stock valued at $1,473,000 after acquiring an additional 9,407 shares during the period. Empowered Funds LLC boosted 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 acquiring an additional 1,112 shares during the last quarter. Hsbc Holdings PLC purchased a new stake in shares of Peoples Bancorp of North Carolina during the 1st quarter valued at about $369,000. Finally, Ritholtz Wealth Management boosted its holdings in shares of Peoples Bancorp of North Carolina by 19.9% during the 1st quarter. Ritholtz Wealth Management now owns 7,136 shares of the bank’s stock valued at $279,000 after acquiring an additional 1,184 shares during the last quarter. 43.83% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Peoples Bancorp of North Carolina from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Thursday, October 8th. One research analyst has rated the stock with a Strong Buy rating. According to MarketBeat, the stock currently has a consensus rating of “Strong Buy”.

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.