Peoples Bancorp of North Carolina (NASDAQ:PEBK) Issues Earnings Results

Peoples Bancorp of North Carolina (NASDAQ:PEBK) announced its quarterly earnings data on Monday. The bank reported $0.72 EPS for the quarter, reports. Peoples Bancorp of North Carolina had a return on equity of 13.85% and a net margin of 15.80%. The firm had revenue of $20.64 million for the quarter.

Peoples Bancorp of North Carolina Price Performance

PEBK stock opened at $25.34 on Thursday. The business has a fifty day moving average of $26.77 and a two-hundred day moving average of $28.58. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.12. The stock has a market cap of $138.36 million, a price-to-earnings ratio of 8.53 and a beta of 0.57. Peoples Bancorp of North Carolina has a 52-week low of $18.81 and a 52-week high of $32.37.

Peoples Bancorp of North Carolina Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Tuesday, September 3rd were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $0.76 annualized dividend and a yield of 3.00%. Peoples Bancorp of North Carolina’s dividend payout ratio (DPR) is 25.59%.

Analyst Ratings Changes

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

Insiders Place Their Bets

In related news, Director James S. Abernethy sold 2,500 shares of the business’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $28.73, for a total transaction of $71,825.00. Following the completion of the transaction, the director now directly owns 76,976 shares of the company’s stock, valued at $2,211,520.48. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Peoples Bancorp of North Carolina news, Director Kim Boyd-Leaks sold 8,686 shares of Peoples Bancorp of North Carolina stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $28.91, for a total transaction of $251,112.26. Following the completion of the sale, the director now directly owns 1,022 shares of the company’s stock, valued at $29,546.02. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director James S. Abernethy sold 2,500 shares of Peoples Bancorp of North Carolina stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $28.73, for a total value of $71,825.00. Following the sale, the director now directly owns 76,976 shares of the company’s stock, valued at $2,211,520.48. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,686 shares of company stock valued at $395,507 over the last quarter. 16.94% of the stock is owned by insiders.

Institutional Trading of Peoples Bancorp of North Carolina

A number of institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC lifted its holdings in Peoples Bancorp of North Carolina by 6.8% during the 2nd quarter. Renaissance Technologies LLC now owns 22,012 shares of the bank’s stock worth $643,000 after buying an additional 1,400 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Peoples Bancorp of North Carolina by 0.5% during 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 last quarter. Rhumbline Advisers purchased a new stake in Peoples Bancorp of North Carolina during the 2nd quarter worth about $169,000. Bank of New York Mellon Corp purchased a new stake in shares of Peoples Bancorp of North Carolina in the 2nd quarter valued at about $388,000. Finally, Empowered Funds LLC lifted its holdings in shares of Peoples Bancorp of North Carolina by 7.7% in the 1st quarter. Empowered Funds LLC now owns 26,824 shares of the bank’s stock valued at $747,000 after purchasing an additional 1,925 shares during the last quarter. 43.83% of the stock is owned by hedge funds and other institutional investors.

About Peoples Bancorp of North Carolina

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.