Peoples Bancorp of North Carolina (NASDAQ:PEBK) Earns “Hold (C)” Rating from Weiss Ratings

Peoples Bancorp of North Carolina (NASDAQ:PEBK)‘s stock had its “hold (c)” rating reissued by equities researchers at Weiss Ratings in a report released on Saturday,Weiss Ratings reports.

Peoples Bancorp of North Carolina Stock Performance

Shares of PEBK opened at $31.54 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.84 and a current ratio of 0.84. Peoples Bancorp of North Carolina has a twelve month low of $23.74 and a twelve month high of $33.90. The firm has a market cap of $172.21 million, a P/E ratio of 10.31 and a beta of 0.63. The firm’s 50 day moving average price is $30.85 and its two-hundred day moving average price is $29.25.

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

Institutional Trading of Peoples Bancorp of North Carolina

Hedge funds and other institutional investors have recently made changes to their positions in the business. NorthRock Partners LLC acquired a new stake in shares of Peoples Bancorp of North Carolina in the first quarter valued at approximately $431,000. Farther Finance Advisors LLC acquired a new position in Peoples Bancorp of North Carolina during the second quarter worth $70,000. Wellington Management Group LLP raised its position in Peoples Bancorp of North Carolina by 17.9% during the first quarter. Wellington Management Group LLP now owns 503,124 shares of the bank’s stock worth $13,705,000 after acquiring an additional 76,231 shares in the last quarter. State of Wyoming lifted its stake in Peoples Bancorp of North Carolina by 34.1% in the first quarter. State of Wyoming now owns 1,435 shares of the bank’s stock valued at $39,000 after acquiring an additional 365 shares during the last quarter. Finally, Empowered Funds LLC grew its position in shares of Peoples Bancorp of North Carolina by 7.1% in the 1st quarter. Empowered Funds LLC now owns 34,009 shares of the bank’s stock valued at $926,000 after acquiring an additional 2,244 shares during the period. 43.83% of the stock is currently owned by institutional investors and hedge funds.

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.