Peoples Bancorp of North Carolina (NASDAQ:PEBK) Stock Price Crosses Below 200-Day Moving Average – Time to Sell?

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $29.45 and traded as low as $27.33. Peoples Bancorp of North Carolina shares last traded at $29.38, with a volume of 26,246 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Peoples Bancorp of North Carolina in a research note on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Peoples Bancorp of North Carolina Price Performance

The firm has a market capitalization of $160.39 million, a P/E ratio of 9.60 and a beta of 0.63. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.84 and a quick ratio of 0.84. The stock’s fifty day simple moving average is $30.83 and its 200 day simple moving average is $29.45.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last announced its earnings results on Monday, October 20th. The bank reported $0.67 EPS for the quarter. The business had revenue of $22.25 million during the quarter. Peoples Bancorp of North Carolina had a net margin of 15.11% and a return on equity of 12.17%.

Peoples Bancorp of North Carolina Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Wednesday, September 3rd were issued a $0.20 dividend. The ex-dividend date was Wednesday, September 3rd. This represents a $0.80 dividend on an annualized basis and a yield of 2.7%. Peoples Bancorp of North Carolina’s payout ratio is currently 26.14%.

Hedge Funds Weigh In On Peoples Bancorp of North Carolina

A number of large investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its holdings in Peoples Bancorp of North Carolina by 30.4% in the third quarter. Farther Finance Advisors LLC now owns 3,155 shares of the bank’s stock worth $97,000 after purchasing an additional 735 shares in the last quarter. HoldCo Asset Management LP acquired a new position in shares of Peoples Bancorp of North Carolina during the second quarter valued at about $729,000. Jane Street Group LLC acquired a new position in shares of Peoples Bancorp of North Carolina during the second quarter valued at about $212,000. Raymond James Financial Inc. acquired a new position in shares of Peoples Bancorp of North Carolina during the second quarter valued at about $63,000. Finally, Fourthstone LLC increased its holdings in shares of Peoples Bancorp of North Carolina by 115.2% during the second quarter. Fourthstone LLC now owns 35,162 shares of the bank’s stock valued at $1,014,000 after acquiring an additional 18,825 shares in the last quarter. 43.83% of the stock is currently owned by institutional investors.

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.