Key Points
- Director James Abernethy sold 600 shares of Peoples Bancorp of North Carolina (PEBK) on April 23 at an average price of $40.06 for $24,036, lowering his stake by 1.62% to 36,400 shares (~$1.46M); the trade was disclosed in an SEC filing.
- Peoples Bancorp reported quarterly EPS of $0.80 on $21.57 million in revenue with a 17.22% net margin and 13.24% ROE, and it raised the quarterly dividend to $0.21 (annualized $0.84, ~2.1% yield).
Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK - Get Free Report) Director James Abernethy sold 600 shares of the stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $40.06, for a total transaction of $24,036.00. Following the sale, the director directly owned 36,400 shares in the company, valued at $1,458,184. This trade represents a 1.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Peoples Bancorp of North Carolina Price Performance
Shares of PEBK stock opened at $39.31 on Friday. Peoples Bancorp of North Carolina, Inc. has a 52-week low of $25.98 and a 52-week high of $42.63. The stock has a market cap of $214.63 million, a PE ratio of 10.83 and a beta of 0.30. 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 firm's 50 day moving average price is $39.24 and its two-hundred day moving average price is $35.77.
Peoples Bancorp of North Carolina (NASDAQ:PEBK - Get Free Report) last announced its quarterly earnings data on Monday, April 20th. The bank reported $0.80 earnings per share (EPS) for the quarter. Peoples Bancorp of North Carolina had a net margin of 17.22% and a return on equity of 13.24%. The firm had revenue of $21.57 million for the quarter.
Peoples Bancorp of North Carolina Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Wednesday, March 4th were paid a $0.21 dividend. The ex-dividend date of this dividend was Wednesday, March 4th. This is a boost from Peoples Bancorp of North Carolina's previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 2.1%. Peoples Bancorp of North Carolina's payout ratio is 23.14%.
Institutional Investors Weigh In On Peoples Bancorp of North Carolina
Several hedge funds have recently bought and sold shares of PEBK. Russell Investments Group Ltd. raised its holdings in Peoples Bancorp of North Carolina by 116.7% in the third quarter. Russell Investments Group Ltd. now owns 932 shares of the bank's stock worth $29,000 after purchasing an additional 502 shares during the period. Advisory Services Network LLC acquired a new stake in Peoples Bancorp of North Carolina in the third quarter worth $45,000. BNP Paribas Financial Markets raised its holdings in Peoples Bancorp of North Carolina by 28.1% in the third quarter. BNP Paribas Financial Markets now owns 1,600 shares of the bank's stock worth $49,000 after purchasing an additional 351 shares during the period. Raymond James Financial Inc. acquired a new stake in Peoples Bancorp of North Carolina in the second quarter worth $63,000. Finally, MetLife Investment Management LLC acquired a new stake in Peoples Bancorp of North Carolina in the fourth quarter worth $88,000. 43.83% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings upgraded shares of Peoples Bancorp of North Carolina from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, March 11th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Peoples Bancorp of North Carolina has a consensus rating of "Buy".
View Our Latest Stock Analysis on Peoples Bancorp of North Carolina
Peoples Bancorp of North Carolina Company Profile
(
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.
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