James Abernethy Sells 500 Shares of Peoples Bancorp of North Carolina (NASDAQ:PEBK) Stock

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) Director James Abernethy sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $43.50, for a total value of $21,750.00. Following the transaction, the director owned 34,900 shares in the company, valued at $1,518,150. This represents a 1.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Peoples Bancorp of North Carolina Price Performance

Shares of NASDAQ PEBK opened at $43.31 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.10. Peoples Bancorp of North Carolina, Inc. has a twelve month low of $27.33 and a twelve month high of $45.78. The stock has a 50 day moving average of $43.30 and a two-hundred day moving average of $41.42. The stock has a market cap of $236.47 million, a P/E ratio of 11.90 and a beta of 0.29.

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

Peoples Bancorp of North Carolina Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Thursday, September 3rd will be paid 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 is currently 23.08%.

Institutional Trading of Peoples Bancorp of North Carolina

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fourthstone LLC grew its stake in shares of Peoples Bancorp of North Carolina by 104.4% in 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 last quarter. Renaissance Technologies LLC raised its stake in shares of Peoples Bancorp of North Carolina by 33.3% during the first 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 during the last quarter. Hsbc Holdings PLC purchased a new stake in shares of Peoples Bancorp of North Carolina during the first quarter worth approximately $369,000. O Shaughnessy Asset Management LLC acquired a new stake in shares of Peoples Bancorp of North Carolina during the fourth quarter worth $304,000. Finally, Flywheel Private Wealth LLC acquired a new stake in shares of Peoples Bancorp of North Carolina during the first quarter worth $305,000. 43.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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