Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK)’s share price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $29.47 and traded as low as $28.00. Peoples Bancorp of North Carolina shares last traded at $28.28, with a volume of 2,413 shares trading hands.

Separately, ValuEngine upgraded Peoples Bancorp of North Carolina from a “sell” rating to a “hold” rating in a research report on Friday, January 24th.

The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.71. The firm has a 50-day moving average of $29.90 and a 200 day moving average of $29.48. The company has a market cap of $167.19 million, a P/E ratio of 12.22 and a beta of 0.78.

The firm also recently announced a None dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be given a dividend of $0.15 per share. This is a positive change from Peoples Bancorp of North Carolina’s previous None dividend of $0.10. The ex-dividend date is Friday, January 31st.

In related news, Director James S. Abernethy sold 1,000 shares of the company’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $28.00, for a total transaction of $28,000.00. Following the sale, the director now owns 58,722 shares in the company, valued at approximately $1,644,216. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 11.28% of the stock is owned by corporate insiders.

Large investors have recently made changes to their positions in the business. BlackRock Inc. boosted its holdings in Peoples Bancorp of North Carolina by 5.6% in the second quarter. BlackRock Inc. now owns 218,571 shares of the bank’s stock worth $6,568,000 after acquiring an additional 11,518 shares in the last quarter. Rhumbline Advisers boosted its holdings in Peoples Bancorp of North Carolina by 7.3% in the third quarter. Rhumbline Advisers now owns 7,344 shares of the bank’s stock worth $218,000 after acquiring an additional 500 shares in the last quarter. James Investment Research Inc. boosted its holdings in Peoples Bancorp of North Carolina by 199.0% in the third quarter. James Investment Research Inc. now owns 2,392 shares of the bank’s stock worth $71,000 after acquiring an additional 1,592 shares in the last quarter. Morgan Stanley boosted its holdings in Peoples Bancorp of North Carolina by 44.5% in the second quarter. Morgan Stanley now owns 12,784 shares of the bank’s stock worth $385,000 after acquiring an additional 3,934 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in Peoples Bancorp of North Carolina by 3.4% in the second quarter. Northern Trust Corp now owns 53,771 shares of the bank’s stock worth $1,615,000 after acquiring an additional 1,749 shares in the last quarter. Institutional investors and hedge funds own 33.47% of the company’s stock.

About Peoples Bancorp of North Carolina (NASDAQ:PEBK)

Peoples Bancorp of North Carolina, Inc operates as a bank 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, as well as agricultural loans.

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