James Abernethy Sells 500 Shares of Peoples Bancorp of North Carolina (NASDAQ:PEBK) Stock

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) Director James Abernethy sold 500 shares of Peoples Bancorp of North Carolina stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $43.17, for a total transaction of $21,585.00. Following the transaction, the director directly owned 35,400 shares of the company’s stock, valued at $1,528,218. This represents a 1.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Peoples Bancorp of North Carolina Price Performance

PEBK stock opened at $43.00 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.10. The firm has a market cap of $234.78 million, a price-to-earnings ratio of 11.81 and a beta of 0.29. The company’s fifty day simple moving average is $42.81 and its 200 day simple moving average is $40.26. Peoples Bancorp of North Carolina, Inc. has a 12-month low of $26.81 and a 12-month high of $45.78.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last issued its quarterly earnings results on Monday, July 20th. The bank reported $0.96 earnings per share for the quarter. Peoples Bancorp of North Carolina had a return on equity of 12.88% and a net margin of 17.25%.The firm had revenue of $23.11 million during the quarter.

Peoples Bancorp of North Carolina Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Wednesday, June 3rd were given a dividend of $0.21 per share. The ex-dividend date was Wednesday, June 3rd. This represents a $0.84 annualized dividend and a dividend yield of 2.0%. Peoples Bancorp of North Carolina’s dividend payout ratio is presently 23.08%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Peoples Bancorp of North Carolina in a report on Tuesday, July 21st. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy”.

Institutional Investors Weigh In On Peoples Bancorp of North Carolina

Large investors have recently bought and sold shares of the stock. Empowered Funds LLC increased its stake in Peoples Bancorp of North Carolina by 3.3% in the first 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. Renaissance Technologies LLC raised its holdings in shares of Peoples Bancorp of North Carolina by 33.3% during the first quarter. Renaissance Technologies LLC now owns 37,614 shares of the bank’s stock valued at $1,473,000 after purchasing an additional 9,407 shares during the period. First Trust Advisors LP bought a new position in shares of Peoples Bancorp of North Carolina during the 1st quarter worth about $236,000. Dimensional Fund Advisors LP boosted its position in shares of 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. Finally, Hsbc Holdings PLC acquired a new stake in shares of Peoples Bancorp of North Carolina in the 1st quarter valued at about $369,000. 43.83% of the stock is currently owned by institutional investors and hedge funds.

Peoples Bancorp of North Carolina Company Profile

Peoples Bancorp of North Carolina, Inc is a bank holding company headquartered in Hickory, North Carolina, that operates through its wholly owned subsidiary, Peoples Bank. The company provides a comprehensive suite of banking and financial services tailored to individuals, small businesses, and municipal clients in the western region of North Carolina.

Through its community banking network, Peoples Bancorp offers deposit products such as checking, savings, money market accounts and certificates of deposit, alongside consumer and commercial lending solutions.