Key Points
- Director James Abernethy sold 500 shares of Peoples Bancorp of North Carolina on June 1 at an average price of $42.10, totaling $21,050. After the sale, he still owned 35,900 shares valued at about $1.51 million.
- The bank recently reported quarterly EPS of $0.80 on revenue of $21.57 million, with a return on equity of 13.07% and net margin of 17.22%.
- Peoples Bancorp also declared a quarterly dividend of $0.21 per share, payable June 15, which annualizes to $0.84 per share and a 2.0% yield.
Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK - Get Free Report) Director James Abernethy sold 500 shares of Peoples Bancorp of North Carolina stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $42.10, for a total value of $21,050.00. Following the completion of the transaction, the director directly owned 35,900 shares of the company's stock, valued at approximately $1,511,390. This represents a 1.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Peoples Bancorp of North Carolina Price Performance
PEBK opened at $42.16 on Wednesday. The stock has a 50-day moving average price of $40.42 and a 200-day moving average price of $37.68. 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 firm has a market cap of $230.19 million, a PE ratio of 11.61 and a beta of 0.30. Peoples Bancorp of North Carolina, Inc. has a 1 year low of $26.81 and a 1 year high of $43.31.
Peoples Bancorp of North Carolina (NASDAQ:PEBK - Get Free Report) last posted its quarterly earnings results on Monday, April 20th. The bank reported $0.80 earnings per share (EPS) for the quarter. The firm had revenue of $21.57 million during 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 business also recently declared 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 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 payout ratio is currently 23.14%.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings upgraded Peoples Bancorp of North Carolina from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday, April 24th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Peoples Bancorp of North Carolina currently has an average rating of "Buy".
View Our Latest Analysis on PEBK
Institutional Investors Weigh In On Peoples Bancorp of North Carolina
A number of large investors have recently made changes to their positions in PEBK. Empowered Funds LLC grew its stake in shares of Peoples Bancorp of North Carolina by 7.1% during the 1st quarter. Empowered Funds LLC now owns 34,009 shares of the bank's stock valued at $926,000 after purchasing an additional 2,244 shares during the period. Geode Capital Management LLC grew its stake in shares of Peoples Bancorp of North Carolina by 0.5% during the 2nd quarter. Geode Capital Management LLC now owns 109,401 shares of the bank's stock valued at $3,157,000 after purchasing an additional 530 shares during the period. First Trust Advisors LP grew its stake in shares of Peoples Bancorp of North Carolina by 15.1% during the 2nd quarter. First Trust Advisors LP now owns 21,366 shares of the bank's stock valued at $616,000 after purchasing an additional 2,809 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Peoples Bancorp of North Carolina during the 2nd quarter valued at about $63,000. Finally, Jane Street Group LLC bought a new stake in shares of Peoples Bancorp of North Carolina during the 2nd quarter valued at about $212,000. 43.83% of the stock is currently owned by institutional investors.
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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