Insider Selling: Peoples Bancorp of North Carolina (NASDAQ:PEBK) Director Sells $42,890.00 in Stock

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) Director James Abernethy sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $42.89, for a total transaction of $42,890.00. Following the sale, the director owned 67,626 shares of the company’s stock, valued at $2,900,479.14. This trade represents a 1.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Peoples Bancorp of North Carolina Price Performance

Peoples Bancorp of North Carolina stock opened at $43.00 on Friday. Peoples Bancorp of North Carolina, Inc. has a twelve month low of $26.81 and a twelve month high of $45.78. The firm has a 50 day moving average price of $42.81 and a 200-day moving average price of $40.26. The company has a market capitalization of $234.78 million, a P/E ratio of 11.81 and a beta of 0.29. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.10.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last posted its quarterly earnings data on Monday, July 20th. The bank reported $0.96 EPS for the quarter. Peoples Bancorp of North Carolina had a return on equity of 12.88% and a net margin of 17.25%.The business had revenue of $23.11 million for the quarter.

Peoples Bancorp of North Carolina Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Wednesday, June 3rd were issued a $0.21 dividend. The ex-dividend date of this dividend was Wednesday, June 3rd. This represents a $0.84 annualized dividend and a yield of 2.0%. Peoples Bancorp of North Carolina’s dividend payout ratio (DPR) is 23.08%.

Institutional Investors Weigh In On Peoples Bancorp of North Carolina

Institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its holdings in shares of Peoples Bancorp of North Carolina by 4.6% in the first quarter. Dimensional Fund Advisors LP now owns 167,283 shares of the bank’s stock worth $6,551,000 after acquiring an additional 7,404 shares during the period. Fourthstone LLC raised its stake in shares of Peoples Bancorp of North Carolina by 104.4% during the 4th quarter. Fourthstone LLC now owns 154,533 shares of the bank’s stock valued at $5,594,000 after purchasing an additional 78,921 shares during the period. Geode Capital Management LLC lifted its holdings in Peoples Bancorp of North Carolina by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 109,442 shares of the bank’s stock worth $3,962,000 after purchasing an additional 886 shares in the last quarter. Maltese Capital Management LLC lifted its holdings in Peoples Bancorp of North Carolina by 1.2% during the 4th quarter. Maltese Capital Management LLC now owns 49,958 shares of the bank’s stock worth $1,808,000 after purchasing an additional 612 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in Peoples Bancorp of North Carolina by 33.3% during the 1st quarter. Renaissance Technologies LLC now owns 37,614 shares of the bank’s stock worth $1,473,000 after purchasing an additional 9,407 shares in the last quarter. Hedge funds and other institutional investors own 43.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Peoples Bancorp of North Carolina in a report on Tuesday, July 21st. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Peoples Bancorp of North Carolina currently has a consensus rating of “Buy”.

Peoples Bancorp of North Carolina Company Profile

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.