Empowered Funds LLC Acquires 1,474 Shares of Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK)

Empowered Funds LLC lifted its holdings in Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) by 5.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,278 shares of the bank’s stock after purchasing an additional 1,474 shares during the quarter. Empowered Funds LLC’s holdings in Peoples Bancorp of North Carolina were worth $769,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Renaissance Technologies LLC grew its stake in shares of Peoples Bancorp of North Carolina by 6.8% in the second quarter. Renaissance Technologies LLC now owns 22,012 shares of the bank’s stock valued at $643,000 after buying an additional 1,400 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Peoples Bancorp of North Carolina by 0.5% in the second quarter. Dimensional Fund Advisors LP now owns 146,625 shares of the bank’s stock valued at $4,281,000 after acquiring an additional 734 shares during the last quarter. Rhumbline Advisers bought a new position in shares of Peoples Bancorp of North Carolina in the 2nd quarter valued at about $169,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Peoples Bancorp of North Carolina during the 2nd quarter worth about $388,000. Institutional investors and hedge funds own 43.83% of the company’s stock.

Peoples Bancorp of North Carolina Stock Up 4.0 %

Shares of PEBK stock opened at $31.47 on Friday. Peoples Bancorp of North Carolina, Inc. has a 52-week low of $23.74 and a 52-week high of $32.37. The stock has a market cap of $171.83 million, a price-to-earnings ratio of 10.67 and a beta of 0.57. The firm’s 50-day moving average is $26.64 and its 200-day moving average is $28.48. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.81 and a current ratio of 0.81.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last issued its quarterly earnings data on Monday, October 21st. The bank reported $0.72 earnings per share (EPS) for the quarter. The company had revenue of $20.64 million during the quarter. Peoples Bancorp of North Carolina had a return on equity of 12.92% and a net margin of 15.27%.

Insider Buying and Selling

In other Peoples Bancorp of North Carolina news, Director James S. Abernethy sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $29.02, for a total transaction of $29,020.00. Following the completion of the transaction, the director now directly owns 40,900 shares in the company, valued at $1,186,918. The trade was a 2.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold 6,500 shares of company stock valued at $184,205 over the last 90 days. 16.94% of the stock is owned by corporate insiders.

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.