Key Points
- Director Robert Abernethy, Jr. sold 950 PEBK shares at an average price of $42.33, generating $40,213.50. His remaining stake was 58,766 shares, representing a 1.59% reduction.
- Peoples Bancorp reported quarterly earnings of $0.96 per share on $23.11 million in revenue, with a 17.25% net margin and 12.75% return on equity.
- The company pays a quarterly dividend of $0.21, or $0.84 annually, yielding about 2.0%. Institutional investors own 43.83% of the stock, while the consensus analyst rating remains “Buy.”
Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK - Get Free Report) Director Robert Abernethy, Jr. sold 950 shares of the company's stock in a transaction on Friday, August 7th. The stock was sold at an average price of $42.33, for a total transaction of $40,213.50. Following the completion of the sale, the director owned 58,766 shares of the company's stock, valued at approximately $2,487,564.78. The trade was a 1.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Peoples Bancorp of North Carolina Stock Performance
Shares of PEBK stock opened at $43.05 on Friday. The firm has a 50-day moving average of $42.92 and a 200-day moving average of $40.49. The company has a market cap of $235.05 million, a P/E ratio of 11.83 and a beta of 0.29. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.86 and a quick ratio of 0.85. Peoples Bancorp of North Carolina, Inc. has a one year low of $27.33 and a one year high of $45.78.
Peoples Bancorp of North Carolina (NASDAQ:PEBK - Get Free Report) last released its quarterly earnings results on Monday, July 20th. The bank reported $0.96 earnings per share for the quarter. Peoples Bancorp of North Carolina had a net margin of 17.25% and a return on equity of 12.75%. The business had revenue of $23.11 million for the quarter.
Peoples Bancorp of North Carolina Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Wednesday, June 3rd were issued 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 is currently 23.08%.
Hedge Funds Weigh In On Peoples Bancorp of North Carolina
Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in Peoples Bancorp of North Carolina during the second quarter worth about $17,249,000. Dimensional Fund Advisors LP raised its position in Peoples Bancorp of North Carolina by 4.6% in the first quarter. Dimensional Fund Advisors LP now owns 167,283 shares of the bank's stock worth $6,551,000 after acquiring an additional 7,404 shares during the period. Fourthstone LLC boosted its stake in Peoples Bancorp of North Carolina by 104.4% in the fourth quarter. Fourthstone LLC now owns 154,533 shares of the bank's stock valued at $5,594,000 after acquiring an additional 78,921 shares during the last quarter. Geode Capital Management LLC boosted its stake in Peoples Bancorp of North Carolina by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 109,442 shares of the bank's stock valued at $3,962,000 after acquiring an additional 886 shares during the last quarter. Finally, Maltese Capital Management LLC grew its position 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 valued at $1,808,000 after acquiring an additional 612 shares during the period. Institutional investors own 43.83% of the company's stock.
Analysts Set New Price Targets
Separately, Weiss Ratings upgraded Peoples Bancorp of North Carolina from a "buy (b)" rating to a "buy (b+)" rating in a report on Tuesday. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Peoples Bancorp of North Carolina presently has a consensus rating of "Buy".
Check Out Our Latest Research 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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