Key Points
- Director James Abernethy sold 1,000 PEBK shares at an average price of $43.11, generating $43,110 and reducing his holdings by 1.5% to 65,626 shares.
- Peoples Bancorp reported quarterly EPS of $0.96 on $23.11 million in revenue, with a 12.75% return on equity and a 17.25% net margin.
- The company announced a quarterly dividend of $0.21 per share, equivalent to $0.84 annually and a 1.9% yield; analysts maintain a consensus “Buy” rating, while institutional investors own 43.83% of the stock.
Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK - Get Free Report) Director Billy Dr Price, Jr. purchased 400 shares of the stock in a transaction on Thursday, August 27th. The stock was acquired at an average price of $43.00 per share, with a total value of $17,200.00. Following the completion of the acquisition, the director directly owned 15,244 shares of the company's stock, valued at approximately $655,492. This represents a 2.69% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Peoples Bancorp of North Carolina Trading Up 1.1%
NASDAQ PEBK opened at $43.80 on Friday. Peoples Bancorp of North Carolina, Inc. has a one year low of $27.33 and a one year high of $45.78. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.86 and a quick ratio of 0.86. The firm has a market cap of $239.15 million, a P/E ratio of 12.03 and a beta of 0.29. The stock's 50-day moving average is $43.31 and its 200-day moving average is $41.27.
Peoples Bancorp of North Carolina (NASDAQ:PEBK - Get Free Report) last issued its quarterly earnings data on Monday, July 20th. The bank reported $0.96 earnings per share (EPS) for the quarter. Peoples Bancorp of North Carolina had a return on equity of 12.75% and a net margin of 17.25%.The business had revenue of $23.11 million during the quarter.
Peoples Bancorp of North Carolina Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Thursday, September 3rd will be paid a $0.21 dividend. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $0.84 dividend on an annualized basis and a yield of 1.9%. Peoples Bancorp of North Carolina's payout ratio is presently 23.08%.
Analysts Set New Price Targets
Separately, Weiss Ratings raised shares of Peoples Bancorp of North Carolina from a "buy (b)" rating to a "buy (b+)" rating in a research report on Tuesday, August 4th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of "Buy".
Get Our Latest Stock Analysis on PEBK
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the company. Russell Investments Group Ltd. raised its position in Peoples Bancorp of North Carolina by 116.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 932 shares of the bank's stock valued at $29,000 after buying an additional 502 shares during the last quarter. Advisory Services Network LLC acquired a new position in Peoples Bancorp of North Carolina during the 3rd quarter worth approximately $45,000. BNP Paribas Financial Markets lifted its position in shares of 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 worth $49,000 after purchasing an additional 351 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Peoples Bancorp of North Carolina during the second quarter worth $63,000. Finally, MetLife Investment Management LLC bought a new position in Peoples Bancorp of North Carolina in the fourth quarter valued at $88,000. 43.83% of the stock is currently owned by institutional investors.
Peoples Bancorp of North Carolina Company Profile
(
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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