Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) saw a significant increase in short interest during the month of June. As of June 30th, there was short interest totalling 26,600 shares, an increase of 47.8% from the May 30th total of 18,000 shares. Based on an average daily trading volume, of 8,300 shares, the days-to-cover ratio is presently 3.2 days. Approximately 0.6% of the company’s stock are short sold.
Separately, ValuEngine upgraded Yirendai from a “strong sell” rating to a “sell” rating in a research note on Friday, May 3rd.
In other news, Director James S. Abernethy sold 1,500 shares of the firm’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $27.77, for a total value of $41,655.00. Following the completion of the transaction, the director now directly owns 62,797 shares in the company, valued at $1,743,872.69. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 11.28% of the company’s stock.
Shares of NASDAQ:PEBK traded up $0.09 during trading on Thursday, hitting $27.75. The stock had a trading volume of 3,100 shares, compared to its average volume of 7,577. Peoples Bancorp of North Carolina has a 12-month low of $20.03 and a 12-month high of $34.32. The firm has a market capitalization of $170.99 million, a PE ratio of 12.59 and a beta of 0.74. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.20. The business’s 50-day moving average price is $27.96.
Peoples Bancorp of North Carolina (NASDAQ:PEBK) last announced its quarterly earnings data on Monday, April 22nd. The bank reported $0.61 earnings per share (EPS) for the quarter. Peoples Bancorp of North Carolina had a return on equity of 11.27% and a net margin of 21.71%. The firm had revenue of $15.55 million during the quarter.
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Monday, June 3rd were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 2.02%. The ex-dividend date of this dividend was Friday, May 31st.
Peoples Bancorp of North Carolina Company Profile
Peoples Bancorp of North Carolina, Inc operates as a bank holding company for Peoples Bank that provides various banking products and services to individuals and small to medium-sized businesses. It offers various deposit products. The company's loan products comprise commercial real estate, commercial, construction and land development, single-family residential, residential mortgage, individual taxpayer identification number mortgage loans, as well as agricultural loans.
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