Peoples Bancorp of North Carolina (NASDAQ:PEBK) Cut to “Hold” at StockNews.com

StockNews.com cut shares of Peoples Bancorp of North Carolina (NASDAQ:PEBK) from a buy rating to a hold rating in a research note issued to investors on Saturday.

Peoples Bancorp of North Carolina Stock Down 0.6 %

PEBK stock opened at $27.24 on Friday. Peoples Bancorp of North Carolina has a 52 week low of $23.74 and a 52 week high of $33.31. The business has a 50-day simple moving average of $28.08 and a 200 day simple moving average of $28.45. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.11. The company has a market cap of $148.62 million, a PE ratio of 9.14 and a beta of 0.60.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last issued its earnings results on Wednesday, February 12th. The bank reported $0.65 EPS for the quarter. Peoples Bancorp of North Carolina had a net margin of 15.08% and a return on equity of 12.85%.

Peoples Bancorp of North Carolina Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were paid a $0.20 dividend. This is a positive change from Peoples Bancorp of North Carolina’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.80 annualized dividend and a dividend yield of 2.94%. Peoples Bancorp of North Carolina’s dividend payout ratio (DPR) is presently 26.85%.

Institutional Trading of Peoples Bancorp of North Carolina

Large investors have recently bought and sold shares of the business. Wellington Management Group LLP lifted its holdings in shares of Peoples Bancorp of North Carolina by 606.4% in the fourth quarter. Wellington Management Group LLP now owns 426,893 shares of the bank’s stock worth $13,340,000 after acquiring an additional 366,459 shares during the last quarter. Nuveen Asset Management LLC bought a new position in Peoples Bancorp of North Carolina in the 4th quarter valued at approximately $277,000. Deutsche Bank AG acquired a new stake in Peoples Bancorp of North Carolina in the fourth quarter valued at approximately $82,000. Bank of America Corp DE increased its holdings in shares of Peoples Bancorp of North Carolina by 35.5% during the fourth quarter. Bank of America Corp DE now owns 4,649 shares of the bank’s stock worth $145,000 after buying an additional 1,219 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in shares of Peoples Bancorp of North Carolina by 41.7% in the 4th quarter. BNP Paribas Financial Markets now owns 11,335 shares of the bank’s stock valued at $354,000 after acquiring an additional 3,335 shares during the last quarter. 43.83% of the stock is owned by institutional investors and hedge funds.

Peoples Bancorp of North Carolina Company Profile

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.