Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) Director Sells $29,150.00 in Stock

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) Director James S. Abernethy sold 1,000 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $29.15, for a total value of $29,150.00. Following the completion of the transaction, the director now directly owns 80,086 shares of the company’s stock, valued at $2,334,506.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Peoples Bancorp of North Carolina Stock Performance

Shares of NASDAQ:PEBK opened at $29.05 on Friday. Peoples Bancorp of North Carolina, Inc. has a fifty-two week low of $18.81 and a fifty-two week high of $32.37. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.81 and a quick ratio of 0.81. The business’s fifty day moving average price is $29.54 and its two-hundred day moving average price is $28.76. The stock has a market capitalization of $153.70 million, a price-to-earnings ratio of 9.91 and a beta of 0.58.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last released its quarterly earnings results on Monday, July 22nd. The bank reported $0.89 EPS for the quarter. Peoples Bancorp of North Carolina had a net margin of 15.80% and a return on equity of 13.85%. The firm had revenue of $20.94 million for the quarter.

Peoples Bancorp of North Carolina Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Tuesday, September 3rd will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 2.62%. The ex-dividend date is Tuesday, September 3rd. Peoples Bancorp of North Carolina’s payout ratio is presently 25.94%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rhumbline Advisers bought a new position in shares of Peoples Bancorp of North Carolina in the second quarter worth about $169,000. Bank of New York Mellon Corp acquired a new stake in shares of Peoples Bancorp of North Carolina in the 2nd quarter valued at $388,000. Renaissance Technologies LLC raised its position in shares of Peoples Bancorp of North Carolina by 6.8% during the second quarter. Renaissance Technologies LLC now owns 22,012 shares of the bank’s stock worth $643,000 after acquiring an additional 1,400 shares during the last quarter. Empowered Funds LLC boosted its holdings in Peoples Bancorp of North Carolina by 7.7% in the first quarter. Empowered Funds LLC now owns 26,824 shares of the bank’s stock valued at $747,000 after acquiring an additional 1,925 shares during the last quarter. Finally, AMG National Trust Bank increased its position in Peoples Bancorp of North Carolina by 12.0% in the fourth quarter. AMG National Trust Bank now owns 37,245 shares of the bank’s stock worth $1,124,000 after purchasing an additional 3,993 shares during the period. Institutional investors and hedge funds own 43.83% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Peoples Bancorp of North Carolina from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th.

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.