Insider Selling: Peoples Bancorp of North Carolina (NASDAQ:PEBK) Director Sells $49,932.00 in Stock

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) Director Robert Abernethy, Jr. sold 1,200 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $41.61, for a total transaction of $49,932.00. Following the sale, the director directly owned 55,058 shares in the company, valued at approximately $2,290,963.38. The trade was a 2.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Peoples Bancorp of North Carolina Price Performance

Shares of PEBK opened at $41.13 on Thursday. Peoples Bancorp of North Carolina, Inc. has a fifty-two week low of $26.81 and a fifty-two week high of $43.31. The firm’s 50 day moving average price is $40.58 and its 200 day moving average price is $37.84. The company has a market cap of $224.57 million, a P/E ratio of 11.33 and a beta of 0.30. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.10.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last announced its earnings results on Monday, April 20th. The bank reported $0.80 earnings per share for the quarter. Peoples Bancorp of North Carolina had a net margin of 17.22% and a return on equity of 13.07%. The firm had revenue of $21.57 million for the quarter.

Peoples Bancorp of North Carolina Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Wednesday, June 3rd will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Wednesday, June 3rd. Peoples Bancorp of North Carolina’s dividend payout ratio is presently 23.14%.

Institutional Investors Weigh In On Peoples Bancorp of North Carolina

A number of large investors have recently modified their holdings of PEBK. Fourthstone LLC increased its position in shares of Peoples Bancorp of North Carolina by 104.4% in the 4th quarter. Fourthstone LLC now owns 154,533 shares of the bank’s stock valued at $5,594,000 after purchasing an additional 78,921 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Peoples Bancorp of North Carolina by 33.3% in the 1st 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 last quarter. Hsbc Holdings PLC purchased a new stake in shares of Peoples Bancorp of North Carolina in the 1st quarter valued at approximately $369,000. O Shaughnessy Asset Management LLC purchased a new stake in shares of Peoples Bancorp of North Carolina in the 4th quarter valued at approximately $304,000. Finally, Flywheel Private Wealth LLC purchased a new stake in shares of Peoples Bancorp of North Carolina in the 1st quarter valued at approximately $305,000. 43.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Peoples Bancorp of North Carolina from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, April 24th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy”.

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.