Peoples Bancorp of North Carolina (NASDAQ:PEBK) Director Billy Dr Price, Jr. Buys 400 Shares

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) Director Billy Dr Price, Jr. purchased 400 shares of the stock in a transaction dated Thursday, August 27th. The shares were acquired at an average price of $43.00 per share, with a total value of $17,200.00. Following the transaction, the director owned 15,244 shares in the company, valued at $655,492. This trade represents a 2.69% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Peoples Bancorp of North Carolina Trading Up 1.1%

PEBK opened at $43.80 on Friday. 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 company has a market cap of $239.15 million, a price-to-earnings ratio of 12.03 and a beta of 0.29. The firm has a 50 day simple moving average of $43.31 and a 200 day simple moving average of $41.27. Peoples Bancorp of North Carolina, Inc. has a fifty-two week low of $27.33 and a fifty-two week high of $45.78.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last announced 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 net margin of 17.25% and a return on equity of 12.75%. The firm had revenue of $23.11 million for the quarter.

Peoples Bancorp of North Carolina Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders 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 dividend yield of 1.9%. Peoples Bancorp of North Carolina’s dividend payout ratio is 23.08%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of PEBK. GTS Securities LLC bought a new stake in Peoples Bancorp of North Carolina in the second quarter valued at approximately $219,000. Empowered Funds LLC acquired a new stake in Peoples Bancorp of North Carolina in the second quarter worth $527,000. Bank of America Corp DE bought a new position in shares of Peoples Bancorp of North Carolina during the second quarter worth $602,000. BlackRock Inc. bought a new position in shares of Peoples Bancorp of North Carolina during the second quarter worth $17,249,000. Finally, Deutsche Bank AG acquired a new position in shares of Peoples Bancorp of North Carolina in the 2nd quarter valued at $230,000. Institutional investors own 43.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Peoples Bancorp of North Carolina from a “buy (b)” rating to a “buy (b+)” rating in a research note on Tuesday, August 4th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy”.

Peoples Bancorp of North Carolina Company Profile

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.