ValuEngine downgraded shares of Peoples Bancorp of North Carolina (NASDAQ:PEBK) from a sell rating to a strong sell rating in a research report report published on Monday morning, ValuEngine reports.

PEBK opened at $21.69 on Monday. The firm has a market capitalization of $121.24 million, a P/E ratio of 9.19 and a beta of 0.81. The stock’s 50 day moving average price is $25.74 and its two-hundred day moving average price is $29.00. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.14. Peoples Bancorp of North Carolina has a 12-month low of $16.75 and a 12-month high of $34.32.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last issued its quarterly earnings data on Thursday, January 23rd. The bank reported $0.50 earnings per share (EPS) for the quarter. Peoples Bancorp of North Carolina had a return on equity of 10.75% and a net margin of 20.89%. The firm had revenue of $15.91 million during the quarter.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Tuesday, March 3rd were given a $0.15 dividend. This is an increase from Peoples Bancorp of North Carolina’s previous quarterly dividend of $0.10. The ex-dividend date was Monday, March 2nd. This represents a $0.60 annualized dividend and a yield of 2.77%.

In other Peoples Bancorp of North Carolina news, Director James S. Abernethy sold 1,000 shares of Peoples Bancorp of North Carolina stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $28.00, for a total value of $28,000.00. Following the completion of the transaction, 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 is available at the SEC website. In the last quarter, insiders acquired 580 shares of company stock valued at $15,620. Corporate insiders own 11.28% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Barclays PLC increased its stake in shares of Peoples Bancorp of North Carolina by 67.5% in the 4th quarter. Barclays PLC now owns 5,742 shares of the bank’s stock valued at $189,000 after buying an additional 2,314 shares during the period. Rhumbline Advisers grew its stake in shares of Peoples Bancorp of North Carolina by 7.3% during the third quarter. Rhumbline Advisers now owns 7,344 shares of the bank’s stock worth $218,000 after purchasing an additional 500 shares during the period. UBS Group AG grew its stake in shares of Peoples Bancorp of North Carolina by 69.6% during the fourth quarter. UBS Group AG now owns 8,596 shares of the bank’s stock worth $283,000 after purchasing an additional 3,529 shares during the period. California Public Employees Retirement System grew its stake in shares of Peoples Bancorp of North Carolina by 4.6% during the fourth quarter. California Public Employees Retirement System now owns 9,147 shares of the bank’s stock worth $300,000 after purchasing an additional 400 shares during the period. Finally, Bank of America Corp DE grew its stake in shares of Peoples Bancorp of North Carolina by 5.2% during the fourth quarter. Bank of America Corp DE now owns 9,523 shares of the bank’s stock worth $313,000 after purchasing an additional 468 shares during the period. 32.41% of the stock is owned by institutional investors.

Peoples Bancorp of North Carolina Company Profile

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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