Key Points
- Director James Abernethy sold 600 shares of Peoples Bancorp of North Carolina stock at an average price of $40.20, for a total of $24,120. His ownership fell by 0.87% to 68,626 shares.
- The company recently reported quarterly earnings of $0.80 per share on revenue of $21.57 million, with a net margin of 17.22% and return on equity of 13.07%.
- Peoples Bancorp also raised its quarterly dividend to $0.21 per share from $0.20, giving it an annualized yield of 2.1% and a payout ratio of 23.14%.
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 that occurred on Thursday, May 14th. The stock was sold at an average price of $40.20, for a total transaction of $24,120.00. Following the transaction, the director directly owned 68,626 shares of the company's stock, valued at $2,758,765.20. This represents a 0.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Peoples Bancorp of North Carolina Price Performance
Shares of PEBK opened at $40.27 on Friday. The stock has a market capitalization of $219.87 million, a P/E ratio of 11.09 and a beta of 0.28. Peoples Bancorp of North Carolina, Inc. has a twelve month low of $26.81 and a twelve month high of $42.63. The company has a 50 day moving average of $39.49 and a 200-day moving average of $36.68. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.10.
Peoples Bancorp of North Carolina (NASDAQ:PEBK - Get Free Report) last issued its quarterly earnings results on Monday, April 20th. The bank reported $0.80 earnings per share for the quarter. The company had revenue of $21.57 million during the quarter. Peoples Bancorp of North Carolina had a net margin of 17.22% and a return on equity of 13.07%.
Peoples Bancorp of North Carolina Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Wednesday, March 4th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Wednesday, March 4th. This represents a $0.84 annualized dividend and a dividend yield of 2.1%. This is an increase from Peoples Bancorp of North Carolina's previous quarterly dividend of $0.20. Peoples Bancorp of North Carolina's dividend payout ratio (DPR) is 23.14%.
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 note on Friday, April 24th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy".
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 the stock. Renaissance Technologies LLC boosted its holdings in shares of Peoples Bancorp of North Carolina by 33.3% in the 1st quarter. Renaissance Technologies LLC now owns 37,614 shares of the bank's stock valued at $1,473,000 after buying an additional 9,407 shares during the last quarter. First Trust Advisors LP acquired a new stake in shares of Peoples Bancorp of North Carolina in the 1st quarter valued at approximately $236,000. Dimensional Fund Advisors LP boosted its holdings in shares of Peoples Bancorp of North Carolina by 4.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 167,283 shares of the bank's stock valued at $6,551,000 after buying an additional 7,404 shares during the last quarter. Hsbc Holdings PLC acquired a new stake in shares of Peoples Bancorp of North Carolina in the 1st quarter valued at approximately $369,000. Finally, Ritholtz Wealth Management boosted its holdings in shares of Peoples Bancorp of North Carolina by 19.9% in the 1st quarter. Ritholtz Wealth Management now owns 7,136 shares of the bank's stock valued at $279,000 after buying an additional 1,184 shares during the last quarter. Institutional investors and hedge funds own 43.83% of the company's stock.
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.
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