Key Points
- Director Ashton Abernethy sold 950 shares of Peoples Bancorp of North Carolina (NASDAQ: PEBK) on May 26 at an average price of $42.26, totaling about $40,147. The sale reduced the director’s ownership by 2.12%.
- The stock was trading around $42.20, near its 12-month high of $43.31, and has gained above both its 50-day and 200-day moving averages. The company has a market value of about $230.5 million and a low debt-to-equity ratio of 0.10.
- Peoples Bancorp recently reported Q1 EPS of $0.80 on revenue of $21.57 million and announced a quarterly dividend of $0.21 per share, or $0.84 annualized. Weiss Ratings also upgraded the stock to a buy (b) rating.
Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK - Get Free Report) Director Ashton Abernethy sold 950 shares of the firm's stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $42.26, for a total value of $40,147.00. Following the sale, the director directly owned 43,838 shares of the company's stock, valued at $1,852,593.88. This trade represents a 2.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Peoples Bancorp of North Carolina Stock Up 0.4%
Shares of PEBK stock opened at $42.20 on Wednesday. The stock's 50 day simple moving average is $40.08 and its 200 day simple moving average is $37.33. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.85 and a current ratio of 0.85. Peoples Bancorp of North Carolina, Inc. has a twelve month low of $26.81 and a twelve month high of $43.31. The company has a market capitalization of $230.50 million, a price-to-earnings ratio of 11.63 and a beta of 0.28.
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 EPS for the quarter. The company had revenue of $21.57 million for the quarter. Peoples Bancorp of North Carolina had a return on equity of 13.07% and a net margin of 17.22%.
Peoples Bancorp of North Carolina Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Wednesday, June 3rd will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Wednesday, June 3rd. Peoples Bancorp of North Carolina's dividend payout ratio (DPR) is presently 23.14%.
Institutional Investors Weigh In On Peoples Bancorp of North Carolina
Institutional investors and hedge funds have recently made changes to their positions in the company. Empowered Funds LLC increased its holdings in Peoples Bancorp of North Carolina by 3.3% in the first quarter. Empowered Funds LLC now owns 35,324 shares of the bank's stock valued at $1,383,000 after purchasing an additional 1,112 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Peoples Bancorp of North Carolina by 33.3% during the first quarter. Renaissance Technologies LLC now owns 37,614 shares of the bank's stock worth $1,473,000 after buying an additional 9,407 shares during the period. First Trust Advisors LP acquired a new position in shares of Peoples Bancorp of North Carolina during the first quarter worth about $236,000. Dimensional Fund Advisors LP boosted its position in Peoples Bancorp of North Carolina by 4.6% during the first quarter. Dimensional Fund Advisors LP now owns 167,283 shares of the bank's stock valued at $6,551,000 after purchasing an additional 7,404 shares during the last quarter. Finally, Hsbc Holdings PLC acquired a new position in Peoples Bancorp of North Carolina during the first quarter valued at approximately $369,000. Institutional investors own 43.83% of the company's stock.
Analyst Ratings Changes
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 research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Peoples Bancorp of North Carolina has a consensus rating of "Buy".
View Our Latest Report on PEBK
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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