Key Points
- Director James Abernethy sold 1,000 shares on Feb. 9 at an average price of $38.34 for $38,340, reducing his stake by 1.36% to 72,526 shares (valued at ~$2.78M).
- The company declared an annual dividend of $0.17 per share (record date Feb. 4, payable Feb. 13), which the article reports as a 46.0% yield and a 22.10% payout ratio.
- Recent fundamentals: Q4 EPS was $1.21, return on equity 13.77% and net margin 17.30%, with a market cap of about $210.8M and a P/E of 10.67.
Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK - Get Free Report) Director James Abernethy sold 1,000 shares of the stock in a transaction on Monday, February 9th. The shares were sold at an average price of $38.34, for a total transaction of $38,340.00. Following the transaction, the director owned 72,526 shares in the company, valued at $2,780,646.84. This trade represents a 1.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Peoples Bancorp of North Carolina Price Performance
PEBK opened at $38.61 on Tuesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.84 and a current ratio of 0.84. The company has a market capitalization of $210.81 million, a P/E ratio of 10.67 and a beta of 0.34. Peoples Bancorp of North Carolina, Inc. has a 1-year low of $23.74 and a 1-year high of $39.46. The company has a 50-day moving average of $36.33 and a 200-day moving average of $32.49.
Peoples Bancorp of North Carolina (NASDAQ:PEBK - Get Free Report) last announced its quarterly earnings data on Monday, January 26th. The bank reported $1.21 earnings per share (EPS) for the quarter. Peoples Bancorp of North Carolina had a return on equity of 13.77% and a net margin of 17.30%.The firm had revenue of $24.99 million for the quarter.
Peoples Bancorp of North Carolina Dividend Announcement
The firm also recently disclosed an annual dividend, which will be paid on Friday, February 13th. Investors of record on Wednesday, February 4th will be given a dividend of $0.17 per share. This represents a dividend yield of 46.0%. The ex-dividend date of this dividend is Wednesday, February 4th. Peoples Bancorp of North Carolina's dividend payout ratio is currently 22.10%.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in PEBK. Geode Capital Management LLC grew its stake in Peoples Bancorp of North Carolina by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 109,442 shares of the bank's stock valued at $3,962,000 after buying an additional 886 shares during the last quarter. Ritholtz Wealth Management acquired a new stake in Peoples Bancorp of North Carolina during the fourth quarter worth $215,000. JPMorgan Chase & Co. boosted its position in shares of Peoples Bancorp of North Carolina by 21.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,684 shares of the bank's stock valued at $113,000 after acquiring an additional 662 shares in the last quarter. Advisory Services Network LLC acquired a new stake in Peoples Bancorp of North Carolina during the third quarter valued at approximately $45,000. Finally, Maltese Capital Management LLC boosted its stake in Peoples Bancorp of North Carolina by 9.7% in the 3rd quarter. Maltese Capital Management LLC now owns 49,346 shares of the bank's stock valued at $1,513,000 after buying an additional 4,346 shares in the last quarter. 43.83% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several analysts recently weighed in on PEBK shares. Wall Street Zen upgraded shares of Peoples Bancorp of North Carolina to a "hold" rating in a research report on Saturday, December 20th. Weiss Ratings raised Peoples Bancorp of North Carolina from a "hold (c)" rating to a "buy (b-)" rating in a research report on Thursday. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of "Buy".
View Our Latest Analysis on Peoples Bancorp of North Carolina
About Peoples Bancorp of North Carolina
(
Get Free Report)
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.
Further Reading
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