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

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) Director James S. Abernethy sold 1,000 shares of Peoples Bancorp of North Carolina stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $30.02, for a total value of $30,020.00. Following the completion of the transaction, the director now directly owns 73,976 shares in the company, valued at $2,220,759.52. This represents a 1.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Peoples Bancorp of North Carolina Trading Down 0.1 %

PEBK traded down $0.04 during trading on Monday, hitting $31.43. 63,615 shares of the company’s stock were exchanged, compared to its average volume of 18,691. The stock has a 50 day moving average price of $26.64 and a 200 day moving average price of $28.45. Peoples Bancorp of North Carolina, Inc. has a 1 year low of $23.74 and a 1 year high of $32.37. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.11. The firm has a market cap of $171.61 million, a P/E ratio of 10.67 and a beta of 0.57.

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

Hedge Funds Weigh In On Peoples Bancorp of North Carolina

A number of hedge funds have recently bought and sold shares of PEBK. 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. State Street Corp raised its holdings in shares of Peoples Bancorp of North Carolina by 7.5% during the third quarter. State Street Corp now owns 54,510 shares of the bank’s stock worth $1,384,000 after purchasing an additional 3,791 shares during the period. Empowered Funds LLC raised its holdings in shares of Peoples Bancorp of North Carolina by 5.1% during the third quarter. Empowered Funds LLC now owns 30,278 shares of the bank’s stock worth $769,000 after purchasing an additional 1,474 shares during the period. Renaissance Technologies LLC lifted its position in shares of Peoples Bancorp of North Carolina by 6.8% in 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. Finally, De Lisle Partners LLP bought a new position in shares of Peoples Bancorp of North Carolina in the 3rd quarter worth about $545,000. 43.83% of the stock is currently owned by institutional investors and hedge funds.

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.