Key Points
- Director Robert Abernethy, Jr. sold 1,200 shares of Peoples Bancorp of North Carolina on June 1 at an average price of $41.61, totaling about $49,932. His remaining stake was 55,058 shares, a 2.13% reduction in ownership.
- PEBK shares were trading near their yearly highs, opening at $41.51 and sitting above both the 50-day and 200-day moving averages. The stock has ranged from $26.81 to $43.31 over the past year.
- The company continues to show solid fundamentals and shareholder returns, reporting $0.80 EPS last quarter and announcing a quarterly dividend of $0.21 per share, implying a 2.0% annualized yield.
Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK - Get Free Report) Director Robert Abernethy, Jr. sold 1,200 shares of Peoples Bancorp of North Carolina stock in a transaction on Monday, June 1st. The stock was sold at an average price of $41.61, for a total transaction of $49,932.00. Following the transaction, the director directly owned 55,058 shares of the company's stock, valued at approximately $2,290,963.38. This trade represents a 2.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Peoples Bancorp of North Carolina Trading Down 1.4%
PEBK stock opened at $41.51 on Tuesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.85 and a quick ratio of 0.85. The company has a fifty day moving average price of $40.42 and a two-hundred day moving average price of $37.68. Peoples Bancorp of North Carolina, Inc. has a one year low of $26.81 and a one year high of $43.31. The stock has a market cap of $226.73 million, a price-to-earnings ratio of 11.44 and a beta of 0.28.
Peoples Bancorp of North Carolina (NASDAQ:PEBK - Get Free Report) last released its quarterly earnings data on Monday, April 20th. The bank reported $0.80 EPS for the quarter. The firm 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 Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Wednesday, June 3rd will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Wednesday, June 3rd. Peoples Bancorp of North Carolina's payout ratio is presently 23.14%.
Wall Street Analysts Forecast Growth
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, According to MarketBeat.com, the stock currently has a consensus rating of "Buy".
Check Out Our Latest Stock Analysis on Peoples Bancorp of North Carolina
Hedge Funds Weigh In On Peoples Bancorp of North Carolina
Hedge funds have recently bought and sold shares of the company. Russell Investments Group Ltd. raised its stake in Peoples Bancorp of North Carolina by 116.7% during the third 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. Advisory Services Network LLC bought a new position in shares of Peoples Bancorp of North Carolina in the 3rd quarter worth $45,000. BNP Paribas Financial Markets lifted its holdings 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 purchasing an additional 351 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Peoples Bancorp of North Carolina in the 2nd quarter worth $63,000. Finally, MetLife Investment Management LLC purchased a new stake in Peoples Bancorp of North Carolina in the 4th quarter valued at $88,000. Institutional investors 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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