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

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) Director James S. Abernethy sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $25.57, for a total transaction of $25,570.00. Following the sale, the director now directly owns 75,976 shares in the company, valued at approximately $1,942,706.32. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Peoples Bancorp of North Carolina Price Performance

Shares of NASDAQ:PEBK opened at $25.99 on Wednesday. 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, Inc. has a twelve month low of $21.54 and a twelve month high of $32.37. The company’s 50 day moving average is $26.51 and its 200 day moving average is $28.52. The company has a market cap of $141.91 million, a PE ratio of 8.81 and a beta of 0.57.

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. The company had revenue of $20.64 million for the quarter. Peoples Bancorp of North Carolina had a net margin of 15.27% and a return on equity of 13.29%.

Peoples Bancorp of North Carolina Announces Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Empowered Funds LLC increased its holdings in shares of Peoples Bancorp of North Carolina by 7.7% during the 1st quarter. Empowered Funds LLC now owns 26,824 shares of the bank’s stock valued at $747,000 after purchasing an additional 1,925 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in Peoples Bancorp of North Carolina during the second quarter valued at $388,000. Rhumbline Advisers purchased a new position in Peoples Bancorp of North Carolina in the second quarter valued at $169,000. Dimensional Fund Advisors LP raised its position in shares of 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 worth $4,281,000 after acquiring an additional 734 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in shares of Peoples Bancorp of North Carolina by 6.8% during the 2nd quarter. Renaissance Technologies LLC now owns 22,012 shares of the bank’s stock worth $643,000 after acquiring an additional 1,400 shares in the last quarter. 43.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Peoples Bancorp of North Carolina from a “buy” rating to a “hold” rating in a report 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.