Key Points
- Director James Abernethy sold 800 shares of Peoples Bancorp at an average price of $29.05, totaling $23,240, which decreased his ownership by 1.18%.
- The company recently reported $0.67 EPS for the quarter with a return on equity of 12.17% and a revenue of $22.25 million.
- Peoples Bancorp declared a quarterly dividend of $0.20 per share, representing an annual yield of 2.8% and a dividend payout ratio of 26.14%.
Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK - Get Free Report) Director James Abernethy sold 800 shares of the firm's stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $29.05, for a total value of $23,240.00. Following the completion of the transaction, the director directly owned 67,226 shares in the company, valued at approximately $1,952,915.30. This represents a 1.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Peoples Bancorp of North Carolina Price Performance
Shares of Peoples Bancorp of North Carolina stock opened at $29.02 on Wednesday. Peoples Bancorp of North Carolina, Inc. has a one year low of $23.74 and a one year high of $33.90. The stock's fifty day moving average is $30.78 and its 200 day moving average is $29.47. The stock has a market cap of $158.42 million, a P/E ratio of 9.48 and a beta of 0.63. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.84 and a current ratio of 0.84.
Peoples Bancorp of North Carolina (NASDAQ:PEBK - Get Free Report) last announced its earnings results on Monday, October 20th. The bank reported $0.67 EPS for the quarter. Peoples Bancorp of North Carolina had a return on equity of 12.17% and a net margin of 15.11%.The company had revenue of $22.25 million for the quarter.
Peoples Bancorp of North Carolina Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Wednesday, September 3rd were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, September 3rd. This represents a $0.80 dividend on an annualized basis and a yield of 2.8%. Peoples Bancorp of North Carolina's dividend payout ratio (DPR) is currently 26.14%.
Analyst Ratings Changes
Separately, Weiss Ratings reissued a "hold (c)" rating on shares of Peoples Bancorp of North Carolina in a report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of "Hold".
View Our Latest Analysis on PEBK
Institutional Investors Weigh In On Peoples Bancorp of North Carolina
Several large investors have recently made changes to their positions in PEBK. NorthRock Partners LLC bought a new stake in shares of Peoples Bancorp of North Carolina in the first quarter worth about $431,000. Wellington Management Group LLP grew its position in Peoples Bancorp of North Carolina by 17.9% in the first quarter. Wellington Management Group LLP now owns 503,124 shares of the bank's stock worth $13,705,000 after acquiring an additional 76,231 shares in the last quarter. State of Wyoming grew its position in Peoples Bancorp of North Carolina by 34.1% in the first quarter. State of Wyoming now owns 1,435 shares of the bank's stock worth $39,000 after acquiring an additional 365 shares in the last quarter. Empowered Funds LLC grew its position in Peoples Bancorp of North Carolina by 7.1% in the first quarter. Empowered Funds LLC now owns 34,009 shares of the bank's stock worth $926,000 after acquiring an additional 2,244 shares in the last quarter. Finally, Farther Finance Advisors LLC purchased a new position in Peoples Bancorp of North Carolina in the second quarter worth about $70,000. 43.83% of the stock is owned by institutional investors.
About Peoples Bancorp of North Carolina
(
Get Free Report)
Peoples Bancorp of North Carolina, Inc operates as the bank holding company for Peoples Bank that provides various banking products and services for individuals and small-to medium-sized businesses. It offers checking, savings, money market, and retirement accounts; certificates of deposits; and credit and debit cards.
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