James S. Abernethy Sells 500 Shares of Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) Stock

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) Director James S. Abernethy sold 500 shares of Peoples Bancorp of North Carolina stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $31.90, for a total transaction of $15,950.00. Following the transaction, the director now directly owns 73,476 shares in the company, valued at approximately $2,343,884.40. This represents a 0.68 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Peoples Bancorp of North Carolina Stock Performance

Shares of PEBK opened at $31.17 on Friday. Peoples Bancorp of North Carolina, Inc. has a 52-week low of $23.74 and a 52-week high of $32.43. The stock’s 50-day simple moving average is $27.56 and its 200 day simple moving average is $28.55. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a market capitalization of $170.19 million, a price-to-earnings ratio of 10.57 and a beta of 0.63.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last issued its earnings results on Monday, October 21st. The bank reported $0.72 EPS for the quarter. Peoples Bancorp of North Carolina had a net margin of 15.27% and a return on equity of 12.92%. The company had revenue of $20.64 million for the quarter.

Peoples Bancorp of North Carolina Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Tuesday, December 3rd will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 2.44%. The ex-dividend date is Tuesday, December 3rd. Peoples Bancorp of North Carolina’s dividend payout ratio (DPR) is currently 25.76%.

Hedge Funds Weigh In On Peoples Bancorp of North Carolina

Several hedge funds and other institutional investors have recently modified their holdings of the company. De Lisle Partners LLP purchased a new stake in Peoples Bancorp of North Carolina in the third quarter worth about $545,000. Rhumbline Advisers bought a new position in shares of Peoples Bancorp of North Carolina in the second quarter worth approximately $169,000. Bank of New York Mellon Corp purchased a new position in shares of Peoples Bancorp of North Carolina during the 2nd quarter valued at $388,000. Dimensional Fund Advisors LP boosted its holdings in Peoples Bancorp of North Carolina by 0.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 146,625 shares of the bank’s stock worth $4,281,000 after buying an additional 734 shares during the period. Finally, Empowered Funds LLC lifted its position in shares of Peoples Bancorp of North Carolina by 5.1% in the third quarter. Empowered Funds LLC now owns 30,278 shares of the bank’s stock valued at $769,000 after acquiring an additional 1,474 shares in the last quarter. 43.83% of the stock is owned by institutional investors.

Peoples Bancorp of North Carolina Company Profile

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.