Peoples Bancorp of North Carolina (NASDAQ:PEBK) Upgraded at StockNews.com

Peoples Bancorp of North Carolina (NASDAQ:PEBK) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Thursday.

Peoples Bancorp of North Carolina Price Performance

Peoples Bancorp of North Carolina stock opened at $28.99 on Thursday. Peoples Bancorp of North Carolina has a 12-month low of $16.35 and a 12-month high of $30.99. The stock has a market capitalization of $158.29 million, a P/E ratio of 9.89 and a beta of 0.62. The firm’s 50-day moving average is $27.30 and its two-hundred day moving average is $26.90. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.80 and a quick ratio of 0.80.

Insider Buying and Selling

In related news, Director James S. Abernethy sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $24.50, for a total value of $73,500.00. Following the sale, the director now directly owns 83,706 shares of the company’s stock, valued at $2,050,797. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 16.94% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Peoples Bancorp of North Carolina stock. AMG National Trust Bank boosted its holdings in Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) by 12.0% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 37,245 shares of the bank’s stock after buying an additional 3,993 shares during the period. AMG National Trust Bank owned approximately 0.67% of Peoples Bancorp of North Carolina worth $1,124,000 at the end of the most recent reporting period. 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 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.