Key Points
- Director James Abernethy sold 1,000 PEBK shares at an average price of $43.79, generating $43,790. After the transaction, he retained 64,626 shares, a 1.52% reduction in his position.
- Peoples Bancorp reported quarterly earnings of $1.05 per share on $23.38 million in revenue, with an 18.93% net margin and 13.84% return on equity.
- The stock opened at $44.60, near its 52-week high of $45.78, while the company maintains a $0.21 quarterly dividend, equivalent to a 1.9% yield. The sole analyst rating cited was “Strong Buy,” and Weiss Ratings upgraded the stock to “buy (a-).”
Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK - Get Free Report) Director James Abernethy sold 1,000 shares of the firm's stock in a transaction dated Wednesday, October 28th. The shares were sold at an average price of $43.79, for a total value of $43,790.00. Following the sale, the director directly owned 64,626 shares in the company, valued at approximately $2,829,972.54. The trade was a 1.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Peoples Bancorp of North Carolina Stock Performance
Shares of Peoples Bancorp of North Carolina stock opened at $44.60 on Friday. The company has a market capitalization of $243.61 million, a PE ratio of 11.09 and a beta of 0.30. The company has a 50-day simple moving average of $43.82 and a two-hundred day simple moving average of $41.38. 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 quick ratio of 0.86 and a current ratio of 0.86.
Peoples Bancorp of North Carolina (NASDAQ:PEBK - Get Free Report) last released its quarterly earnings results on Monday, October 19th. The bank reported $1.05 earnings per share for the quarter. Peoples Bancorp of North Carolina had a net margin of 18.93% and a return on equity of 13.84%. The business had revenue of $23.38 million for the quarter.
Peoples Bancorp of North Carolina Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Thursday, September 3rd were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Thursday, September 3rd. Peoples Bancorp of North Carolina's payout ratio is 20.90%.
Institutional Trading of Peoples Bancorp of North Carolina
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. GTS Securities LLC purchased a new stake in Peoples Bancorp of North Carolina during the 2nd quarter valued at about $219,000. Empowered Funds LLC increased its holdings in shares of Peoples Bancorp of North Carolina by 3.3% in the first quarter. Empowered Funds LLC now owns 35,324 shares of the bank's stock valued at $1,383,000 after purchasing an additional 1,112 shares during the period. Renaissance Technologies LLC raised its stake in shares of Peoples Bancorp of North Carolina by 33.3% in the first quarter. Renaissance Technologies LLC now owns 37,614 shares of the bank's stock worth $1,473,000 after purchasing an additional 9,407 shares during the last quarter. First Trust Advisors LP purchased a new position in shares of Peoples Bancorp of North Carolina in the first quarter worth about $236,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of 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 purchasing an additional 7,404 shares during the last quarter. Institutional investors and hedge funds own 43.83% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings raised shares of Peoples Bancorp of North Carolina from a "buy (b+)" rating to a "buy (a-)" rating in a report on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating. According to MarketBeat.com, Peoples Bancorp of North Carolina currently has an average rating of "Strong Buy".
Check Out Our Latest Research Report on Peoples Bancorp of North Carolina
Peoples Bancorp of North Carolina Company Profile
(
Get Free Report)
Peoples Bancorp of North Carolina, Inc is the bank holding company for Peoples Bank, a community banking institution headquartered in Newton, North Carolina. Through its banking subsidiary, the company provides financial services to individuals, families, businesses and nonprofit organizations.
Peoples Bank offers deposit products, including checking, savings, money market and certificate of deposit accounts, along with consumer, residential mortgage, commercial and real estate lending.
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