James Abernethy Sells 1,000 Shares of Peoples Bancorp of North Carolina (NASDAQ:PEBK) Stock

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) Director James Abernethy sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $42.91, for a total transaction of $42,910.00. Following the transaction, the director owned 66,626 shares of the company’s stock, valued at approximately $2,858,921.66. The trade was a 1.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Peoples Bancorp of North Carolina Price Performance

Shares of NASDAQ PEBK opened at $43.00 on Friday. The company has a market capitalization of $234.78 million, a P/E ratio of 11.81 and a beta of 0.29. Peoples Bancorp of North Carolina, Inc. has a 52-week low of $26.81 and a 52-week high of $45.78. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.85 and a current ratio of 0.85. The company’s 50 day moving average price is $42.81 and its 200-day moving average price is $40.26.

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

Peoples Bancorp of North Carolina Announces Dividend

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

Institutional Trading of Peoples Bancorp of North Carolina

Hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. lifted its position 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 valued at $29,000 after acquiring an additional 502 shares during the period. Advisory Services Network LLC acquired a new stake in Peoples Bancorp of North Carolina in the third quarter worth $45,000. BNP Paribas Financial Markets grew its holdings in Peoples Bancorp of North Carolina by 28.1% in the third quarter. BNP Paribas Financial Markets now owns 1,600 shares of the bank’s stock worth $49,000 after purchasing an additional 351 shares during the period. Raymond James Financial Inc. bought a new stake in Peoples Bancorp of North Carolina in the second quarter valued at $63,000. Finally, MetLife Investment Management LLC bought a new stake in Peoples Bancorp of North Carolina in the fourth quarter valued at $88,000. Institutional investors own 43.83% of the company’s stock.

Analyst Upgrades and Downgrades

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