AMG National Trust Bank Reduces Stock Position in Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK)

AMG National Trust Bank cut its stake in Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) by 2.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 33,745 shares of the bank’s stock after selling 1,000 shares during the quarter. AMG National Trust Bank’s holdings in Peoples Bancorp of North Carolina were worth $1,055,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Barclays PLC increased its holdings in Peoples Bancorp of North Carolina by 390.6% in the third quarter. Barclays PLC now owns 7,801 shares of the bank’s stock valued at $198,000 after buying an additional 6,211 shares in the last quarter. State Street Corp increased its holdings in Peoples Bancorp of North Carolina by 7.5% in the third quarter. State Street Corp now owns 54,510 shares of the bank’s stock valued at $1,384,000 after buying an additional 3,791 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in Peoples Bancorp of North Carolina by 985.5% in the third quarter. BNP Paribas Financial Markets now owns 8,000 shares of the bank’s stock valued at $203,000 after buying an additional 7,263 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Peoples Bancorp of North Carolina by 15.2% in the third quarter. JPMorgan Chase & Co. now owns 4,366 shares of the bank’s stock valued at $111,000 after buying an additional 576 shares in the last quarter. Finally, De Lisle Partners LLP purchased 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 hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Peoples Bancorp of North Carolina from a “hold” rating to a “buy” rating in a report on Wednesday.

Peoples Bancorp of North Carolina Stock Down 0.0 %

PEBK stock opened at $26.80 on Friday. The company’s 50 day simple moving average is $29.00 and its 200-day simple moving average is $28.54. The firm has a market capitalization of $146.27 million, a PE ratio of 8.99 and a beta of 0.60. Peoples Bancorp of North Carolina, Inc. has a 12 month low of $23.74 and a 12 month high of $33.31. 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 released its quarterly earnings results on Wednesday, February 12th. The bank reported $0.65 EPS for the quarter. Peoples Bancorp of North Carolina had a net margin of 15.08% and a return on equity of 12.85%.

Peoples Bancorp of North Carolina Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be given a $0.20 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This is a positive change from Peoples Bancorp of North Carolina’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a dividend yield of 2.99%. Peoples Bancorp of North Carolina’s dividend payout ratio is currently 26.85%.

Peoples Bancorp of North Carolina 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.