Key Points
- Director Robert Abernethy sold 5,247 PEBK shares for approximately $227,405 at an average price of $43.34, reducing his holdings by 4.63% to 108,116 shares.
- Peoples Bancorp reported quarterly EPS of $0.96 on $23.11 million in revenue and maintains a quarterly dividend of $0.21, equivalent to an annualized yield of about 2.0%.
- The stock was rated “Buy” by the sole covering analyst, while institutional investors own approximately 43.83% of the company.
Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK - Get Free Report) Director Robert Abernethy sold 5,247 shares of the company's stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $43.34, for a total transaction of $227,404.98. Following the completion of the transaction, the director owned 108,116 shares of the company's stock, valued at $4,685,747.44. This trade represents a 4.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Peoples Bancorp of North Carolina Stock Down 0.9%
Shares of PEBK stock opened at $43.04 on Friday. Peoples Bancorp of North Carolina, Inc. has a 12-month low of $26.81 and a 12-month high of $45.78. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.10. The firm has a fifty day moving average of $42.90 and a 200-day moving average of $40.47. The company has a market capitalization of $235.00 million, a price-to-earnings ratio of 11.82 and a beta of 0.29.
Peoples Bancorp of North Carolina (NASDAQ:PEBK - Get Free Report) last posted its quarterly earnings data on Monday, July 20th. The bank reported $0.96 EPS for the quarter. The business had revenue of $23.11 million for the quarter. Peoples Bancorp of North Carolina had a net margin of 17.25% and a return on equity of 12.75%.
Peoples Bancorp of North Carolina Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Wednesday, June 3rd were paid a $0.21 dividend. The ex-dividend date of this dividend was Wednesday, June 3rd. This represents a $0.84 annualized dividend and a dividend yield of 2.0%. Peoples Bancorp of North Carolina's dividend payout ratio (DPR) is currently 23.08%.
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 report on Tuesday. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, 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 PEBK. BNP Paribas Financial Markets grew its stake in Peoples Bancorp of North Carolina by 28.1% in the third quarter. BNP Paribas Financial Markets now owns 1,600 shares of the bank's stock valued at $49,000 after purchasing an additional 351 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Peoples Bancorp of North Carolina by 116.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 932 shares of the bank's stock worth $29,000 after purchasing an additional 502 shares during the last quarter. Geode Capital Management LLC raised 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 worth $3,157,000 after purchasing an additional 530 shares in the last quarter. Maltese Capital Management LLC raised its stake in shares of Peoples Bancorp of North Carolina by 1.2% during the 4th quarter. Maltese Capital Management LLC now owns 49,958 shares of the bank's stock worth $1,808,000 after purchasing an additional 612 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings 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 valued at $113,000 after buying an additional 662 shares during the last quarter. 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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