Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK - Get Free Report) Director James Abernethy sold 600 shares of the firm's stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $39.35, for a total value of $23,610.00. Following the completion of the transaction, the director owned 69,226 shares of the company's stock, valued at approximately $2,724,043.10. This represents a 0.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Peoples Bancorp of North Carolina Stock Up 1.9%
Shares of NASDAQ PEBK opened at $40.18 on Friday. Peoples Bancorp of North Carolina, Inc. has a 52 week low of $26.81 and a 52 week high of $42.63. The business has a 50-day simple moving average of $39.23 and a two-hundred day simple moving average of $36.03. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.10. The company has a market cap of $219.46 million, a P/E ratio of 11.07 and a beta of 0.30.
Peoples Bancorp of North Carolina (NASDAQ:PEBK - Get Free Report) last issued its earnings results on Monday, April 20th. The bank reported $0.80 EPS for the quarter. The business had revenue of $21.57 million during the quarter. Peoples Bancorp of North Carolina had a return on equity of 13.24% and a net margin of 17.22%.
Peoples Bancorp of North Carolina Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Wednesday, March 4th were paid a $0.21 dividend. This is an increase from Peoples Bancorp of North Carolina's previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Wednesday, March 4th. 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 presently 23.14%.
Wall Street Analyst Weigh In
Separately, Weiss Ratings raised Peoples Bancorp of North Carolina from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, April 24th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy".
Read Our Latest Stock Report on PEBK
Institutional Trading of Peoples Bancorp of North Carolina
A number of institutional investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets grew its position in shares of Peoples Bancorp of North Carolina by 28.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,600 shares of the bank's stock worth $49,000 after buying an additional 351 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of Peoples Bancorp of North Carolina by 116.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 932 shares of the bank's stock worth $29,000 after buying an additional 502 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Peoples Bancorp of North Carolina by 0.5% in the 2nd quarter. Geode Capital Management LLC now owns 109,401 shares of the bank's stock worth $3,157,000 after buying an additional 530 shares during the last quarter. Maltese Capital Management LLC grew its position in shares of Peoples Bancorp of North Carolina by 1.2% in the 4th quarter. Maltese Capital Management LLC now owns 49,958 shares of the bank's stock worth $1,808,000 after buying an additional 612 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Peoples Bancorp of North Carolina by 21.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,684 shares of the bank's stock worth $113,000 after buying an additional 662 shares during the last quarter. Hedge funds and other institutional investors own 43.83% of the company's stock.
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
