Peoples Bancorp of North Carolina (NASDAQ:PEBK) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Peoples Bancorp of North Carolina (NASDAQ:PEBK) to a hold rating in a research report report published on Saturday.

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Peoples Bancorp of North Carolina in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Peoples Bancorp of North Carolina presently has an average rating of “Hold”.

Peoples Bancorp of North Carolina Price Performance

Shares of NASDAQ:PEBK opened at $37.46 on Friday. The firm has a market cap of $204.53 million, a price-to-earnings ratio of 12.24 and a beta of 0.35. Peoples Bancorp of North Carolina has a fifty-two week low of $23.74 and a fifty-two week high of $38.46. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a fifty day moving average price of $32.05 and a 200 day moving average price of $30.61.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last issued its quarterly earnings data on Monday, October 20th. The bank reported $0.67 earnings per share for the quarter. The firm had revenue of $22.25 million during the quarter. Peoples Bancorp of North Carolina had a return on equity of 11.91% and a net margin of 15.11%.

Peoples Bancorp of North Carolina Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Wednesday, December 3rd were paid a $0.20 dividend. The ex-dividend date was Wednesday, December 3rd. This represents a $0.80 dividend on an annualized basis and a yield of 2.1%. Peoples Bancorp of North Carolina’s dividend payout ratio (DPR) is 26.14%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Advisory Services Network LLC acquired a new position in shares of Peoples Bancorp of North Carolina during the 3rd quarter worth approximately $45,000. Maltese Capital Management LLC lifted its position in Peoples Bancorp of North Carolina by 9.7% during the third quarter. Maltese Capital Management LLC now owns 49,346 shares of the bank’s stock worth $1,513,000 after buying an additional 4,346 shares in the last quarter. Citadel Advisors LLC grew its holdings in Peoples Bancorp of North Carolina by 40.9% in the 3rd quarter. Citadel Advisors LLC now owns 11,246 shares of the bank’s stock valued at $345,000 after buying an additional 3,262 shares in the last quarter. BNP Paribas Financial Markets increased its stake in shares of Peoples Bancorp of North Carolina by 28.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,600 shares of the bank’s stock worth $49,000 after acquiring an additional 351 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in shares of Peoples Bancorp of North Carolina by 116.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 932 shares of the bank’s stock worth $29,000 after acquiring an additional 502 shares during the 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 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.