Peoples Bancorp of North Carolina (NASDAQ:PEBK) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $29.58 and traded as high as $30.42. Peoples Bancorp of North Carolina shares last traded at $29.65, with a volume of 54,701 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Peoples Bancorp of North Carolina in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Peoples Bancorp of North Carolina has a consensus rating of “Hold”.

Peoples Bancorp of North Carolina Price Performance

The company has a market cap of $161.86 million, a PE ratio of 9.69 and a beta of 0.67. The stock has a fifty day moving average price of $30.59 and a 200-day moving average price of $29.58. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.84 and a quick ratio of 0.84.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last posted its quarterly earnings results on Monday, October 20th. The bank reported $0.67 earnings per share for the quarter. The firm had revenue of $22.25 million for the quarter. Peoples Bancorp of North Carolina had a return on equity of 12.17% and a net margin of 15.11%.

Peoples Bancorp of North Carolina Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Wednesday, September 3rd were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Wednesday, September 3rd. Peoples Bancorp of North Carolina’s dividend payout ratio is 26.14%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its position in Peoples Bancorp of North Carolina by 21.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,684 shares of the bank’s stock worth $113,000 after buying an additional 662 shares in the last quarter. Farther Finance Advisors LLC increased its stake in shares of Peoples Bancorp of North Carolina by 30.4% in the third quarter. Farther Finance Advisors LLC now owns 3,155 shares of the bank’s stock worth $97,000 after acquiring an additional 735 shares during the last quarter. HoldCo Asset Management LP purchased a new stake in shares of Peoples Bancorp of North Carolina during the second quarter worth $729,000. Jane Street Group LLC acquired a new stake in Peoples Bancorp of North Carolina during the second quarter valued at $212,000. Finally, Raymond James Financial Inc. purchased a new position in Peoples Bancorp of North Carolina in the second quarter valued at about $63,000. 43.83% of the stock is owned by hedge funds and other institutional investors.

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.