Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) Director James S. Abernethy Sells 1,000 Shares

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) Director James S. Abernethy sold 1,000 shares of the company’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $25.57, for a total transaction of $25,570.00. Following the completion of the transaction, the director now owns 75,976 shares in the company, valued at $1,942,706.32. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Peoples Bancorp of North Carolina Stock Performance

Shares of Peoples Bancorp of North Carolina stock opened at $25.99 on Wednesday. Peoples Bancorp of North Carolina, Inc. has a 12 month low of $21.54 and a 12 month high of $32.37. The stock’s fifty day moving average price is $26.51 and its 200-day moving average price is $28.52. The firm has a market cap of $141.91 million, a P/E ratio of 8.81 and a beta of 0.57. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.12.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last posted its quarterly earnings results on Monday, October 21st. The bank reported $0.72 EPS for the quarter. Peoples Bancorp of North Carolina had a net margin of 15.27% and a return on equity of 13.29%. The business had revenue of $20.64 million during the quarter.

Peoples Bancorp of North Carolina Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Tuesday, September 3rd were given a dividend of $0.19 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $0.76 annualized dividend and a yield of 2.92%. Peoples Bancorp of North Carolina’s dividend payout ratio (DPR) is presently 25.76%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in PEBK. Rhumbline Advisers purchased a new stake in shares of Peoples Bancorp of North Carolina during the second quarter valued at about $169,000. Bank of New York Mellon Corp bought a new position in shares of Peoples Bancorp of North Carolina during the 2nd quarter worth approximately $388,000. Renaissance Technologies LLC lifted its position in Peoples Bancorp of North Carolina by 6.8% during the second quarter. Renaissance Technologies LLC now owns 22,012 shares of the bank’s stock valued at $643,000 after acquiring an additional 1,400 shares during the last quarter. Empowered Funds LLC boosted its stake in Peoples Bancorp of North Carolina by 7.7% in the first quarter. Empowered Funds LLC now owns 26,824 shares of the bank’s stock valued at $747,000 after acquiring an additional 1,925 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Peoples Bancorp of North Carolina by 0.5% during the second quarter. Dimensional Fund Advisors LP now owns 146,625 shares of the bank’s stock worth $4,281,000 after purchasing an additional 734 shares in the last quarter. 43.83% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com cut Peoples Bancorp of North Carolina from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th.

About Peoples Bancorp of North Carolina

Peoples Bancorp of North Carolina, Inc operates as the bank holding company for Peoples Bank that provides various banking products and services for individuals and small-to medium-sized businesses. It offers checking, savings, money market, and retirement accounts; certificates of deposits; and credit and debit cards.