Peoples Bancorp of North Carolina (NASDAQ:PEBK) Stock Price Passes Above 200 Day Moving Average – What’s Next?

Shares of Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $28.62 and traded as high as $32.42. Peoples Bancorp of North Carolina shares last traded at $32.01, with a volume of 11,086 shares traded.

Peoples Bancorp of North Carolina Stock Performance

The stock has a market capitalization of $174.77 million, a P/E ratio of 10.85 and a beta of 0.63. The stock’s 50-day simple moving average is $28.28 and its 200 day simple moving average is $28.62. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.81 and a quick ratio of 0.81.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last announced its earnings results on Monday, October 21st. The bank reported $0.72 EPS 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%.

Peoples Bancorp of North Carolina Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Tuesday, December 3rd were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.37%. Peoples Bancorp of North Carolina’s dividend payout ratio (DPR) is currently 25.76%.

Insider Activity at Peoples Bancorp of North Carolina

In related news, Director James S. Abernethy sold 1,000 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $28.64, for a total transaction of $28,640.00. Following the transaction, the director now directly owns 74,976 shares of the company’s stock, valued at approximately $2,147,312.64. This trade represents a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 3,500 shares of company stock worth $100,180 in the last ninety days. 16.94% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Rhumbline Advisers bought a new stake in shares of Peoples Bancorp of North Carolina in the second quarter valued at approximately $169,000. Barclays PLC lifted its position in shares of Peoples Bancorp of North Carolina by 390.6% during the 3rd quarter. Barclays PLC now owns 7,801 shares of the bank’s stock valued at $198,000 after acquiring an additional 6,211 shares during the period. BNP Paribas Financial Markets lifted its position in shares of Peoples Bancorp of North Carolina by 985.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 8,000 shares of the bank’s stock valued at $203,000 after acquiring an additional 7,263 shares during the period. Bank of New York Mellon Corp bought a new position in shares of Peoples Bancorp of North Carolina in the second quarter worth $388,000. Finally, De Lisle Partners LLP acquired a new position in Peoples Bancorp of North Carolina in the third quarter valued at about $545,000. 43.83% of the stock is owned by 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.