De Lisle Partners LLP Makes New Investment in Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK)

De Lisle Partners LLP bought a new position in shares of Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 21,461 shares of the bank’s stock, valued at approximately $545,000.

Other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its position in Peoples Bancorp of North Carolina by 0.5% during the second quarter. Dimensional Fund Advisors LP now owns 146,625 shares of the bank’s stock valued at $4,281,000 after buying an additional 734 shares during the period. Renaissance Technologies LLC increased its holdings in Peoples Bancorp of North Carolina by 6.8% in the 2nd quarter. Renaissance Technologies LLC now owns 22,012 shares of the bank’s stock worth $643,000 after acquiring an additional 1,400 shares during the last quarter. Empowered Funds LLC raised its stake in Peoples Bancorp of North Carolina by 5.1% in the 3rd quarter. Empowered Funds LLC now owns 30,278 shares of the bank’s stock valued at $769,000 after acquiring an additional 1,474 shares during the period. Rhumbline Advisers bought a new stake in Peoples Bancorp of North Carolina in the 2nd quarter valued at about $169,000. Finally, BNP Paribas Financial Markets lifted its holdings in Peoples Bancorp of North Carolina by 985.5% during the third quarter. BNP Paribas Financial Markets now owns 8,000 shares of the bank’s stock valued at $203,000 after purchasing an additional 7,263 shares during the last quarter. Institutional investors own 43.83% of the company’s stock.

Peoples Bancorp of North Carolina Stock Performance

Shares of PEBK stock opened at $31.44 on Friday. The firm’s 50 day moving average is $26.89 and its 200 day moving average is $28.48. The stock has a market capitalization of $171.66 million, a P/E ratio of 10.66 and a beta of 0.57. Peoples Bancorp of North Carolina, Inc. has a 12 month low of $23.74 and a 12 month high of $32.37. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.11.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last posted its earnings results on Monday, October 21st. The bank reported $0.72 earnings per share (EPS) for the quarter. The firm had revenue of $20.64 million for the quarter. Peoples Bancorp of North Carolina had a return on equity of 12.92% and a net margin of 15.27%.

Peoples Bancorp of North Carolina Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Tuesday, December 3rd will be paid a $0.19 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $0.76 annualized dividend and a yield of 2.42%. Peoples Bancorp of North Carolina’s dividend payout ratio is currently 25.76%.

Insider Buying and Selling at Peoples Bancorp of North Carolina

In other news, Director James S. Abernethy sold 1,000 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $30.02, for a total value of $30,020.00. Following the sale, the director now directly owns 73,976 shares of the company’s stock, valued at approximately $2,220,759.52. This represents a 1.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold 5,500 shares of company stock valued at $156,055 in the last quarter. 16.94% of the stock is currently owned by corporate insiders.

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.