Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) Director James S. Abernethy sold 1,000 shares of the company’s stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $30.34, for a total transaction of $30,340.00. Following the completion of the sale, the director now directly owns 65,997 shares of the company’s stock, valued at $2,002,348.98. The sale was disclosed in a filing with the SEC, which is accessible through this link.

PEBK stock traded down $0.35 during trading on Friday, reaching $30.32. The stock had a trading volume of 5 shares, compared to its average volume of 3,688. Peoples Bancorp of North Carolina, Inc. has a one year low of $26.32 and a one year high of $38.00. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.89 and a current ratio of 0.89. The company has a market capitalization of $182.20 million, a price-to-earnings ratio of 15.32 and a beta of 0.42.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last issued its quarterly earnings data on Monday, July 30th. The bank reported $0.53 earnings per share (EPS) for the quarter. Peoples Bancorp of North Carolina had a net margin of 20.33% and a return on equity of 10.55%.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 14th. Shareholders of record on Tuesday, September 4th will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date is Friday, August 31st.

A number of hedge funds have recently modified their holdings of the business. Bessemer Group Inc. bought a new stake in Peoples Bancorp of North Carolina in the 2nd quarter worth about $109,000. Renaissance Technologies LLC grew its position in shares of Peoples Bancorp of North Carolina by 32.0% during the 4th quarter. Renaissance Technologies LLC now owns 18,218 shares of the bank’s stock valued at $559,000 after acquiring an additional 4,418 shares during the period. BlackRock Inc. grew its position in shares of Peoples Bancorp of North Carolina by 2.2% during the 2nd quarter. BlackRock Inc. now owns 207,761 shares of the bank’s stock valued at $6,655,000 after acquiring an additional 4,483 shares during the period. Wells Fargo & Company MN grew its position in shares of Peoples Bancorp of North Carolina by 73.2% during the 4th quarter. Wells Fargo & Company MN now owns 15,996 shares of the bank’s stock valued at $491,000 after acquiring an additional 6,761 shares during the period. Finally, Deutsche Bank AG grew its position in shares of Peoples Bancorp of North Carolina by 51.3% during the 4th quarter. Deutsche Bank AG now owns 24,241 shares of the bank’s stock valued at $743,000 after acquiring an additional 8,223 shares during the period. 32.31% of the stock is owned by institutional investors and hedge funds.

About Peoples Bancorp of North Carolina

Peoples Bancorp of North Carolina, Inc operates as the holding company for Peoples Bank that provides various banking products and services to individuals and small to medium-sized businesses. It offers various deposit products. The company's loan products comprise commercial real estate, commercial, construction and land development, single-family residential, residential mortgage, individual taxpayer identification number mortgage loans, and consumer loans, as well as agricultural loans.

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