Peoples Bancorp of North Carolina (NASDAQ:PEBK) Director Buys $17,200.00 in Stock

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) Director Billy Dr Price, Jr. bought 400 shares of the stock in a transaction on Thursday, August 27th. The shares were acquired at an average cost of $43.00 per share, with a total value of $17,200.00. Following the acquisition, the director directly owned 15,244 shares in the company, valued at approximately $655,492. This trade represents a 2.69% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Peoples Bancorp of North Carolina Stock Performance

Shares of Peoples Bancorp of North Carolina stock opened at $43.80 on Monday. The firm has a fifty day moving average of $43.31 and a two-hundred day moving average of $41.29. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.86 and a current ratio of 0.86. The stock has a market capitalization of $239.15 million, a price-to-earnings ratio of 12.03 and a beta of 0.29. Peoples Bancorp of North Carolina, Inc. has a 52 week low of $27.33 and a 52 week high of $45.78.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last posted its quarterly earnings results on Monday, July 20th. The bank reported $0.96 earnings per share (EPS) for the quarter. Peoples Bancorp of North Carolina had a return on equity of 12.75% and a net margin of 17.25%.The business had revenue of $23.11 million for the quarter.

Peoples Bancorp of North Carolina Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Thursday, September 3rd will be issued a dividend of $0.21 per share. The ex-dividend date is Thursday, September 3rd. This represents a $0.84 dividend on an annualized basis and a yield of 1.9%. Peoples Bancorp of North Carolina’s dividend payout ratio (DPR) is 23.08%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Peoples Bancorp of North Carolina from a “buy (b)” rating to a “buy (b+)” rating in a research note on Tuesday, August 4th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy”.

Hedge Funds Weigh In On Peoples Bancorp of North Carolina

Several institutional investors and hedge funds have recently made changes to their positions in PEBK. GTS Securities LLC acquired a new stake in Peoples Bancorp of North Carolina during the 2nd quarter worth $219,000. Empowered Funds LLC acquired a new position in Peoples Bancorp of North Carolina in the second quarter valued at about $527,000. Bank of America Corp DE acquired a new position in Peoples Bancorp of North Carolina in the second quarter valued at about $602,000. BlackRock Inc. bought a new stake in shares of Peoples Bancorp of North Carolina in the second quarter worth about $17,249,000. Finally, Deutsche Bank AG bought a new stake in shares of Peoples Bancorp of North Carolina in the second quarter worth about $230,000. Institutional investors and hedge funds own 43.83% of the company’s stock.

About Peoples Bancorp of North Carolina

Peoples Bancorp of North Carolina, Inc is a bank holding company headquartered in Hickory, North Carolina, that operates through its wholly owned subsidiary, Peoples Bank. The company provides a comprehensive suite of banking and financial services tailored to individuals, small businesses, and municipal clients in the western region of North Carolina.

Through its community banking network, Peoples Bancorp offers deposit products such as checking, savings, money market accounts and certificates of deposit, alongside consumer and commercial lending solutions.