Peoples Bancorp of North Carolina (NASDAQ:PEBK) Shares Pass Below Two Hundred Day Moving Average of $28.63

Shares of Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $28.63 and traded as low as $27.91. Peoples Bancorp of North Carolina shares last traded at $28.51, with a volume of 54,831 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Peoples Bancorp of North Carolina from a “hold” rating to a “buy” rating in a research report on Saturday, June 22nd.

Peoples Bancorp of North Carolina Price Performance

The stock has a market capitalization of $150.82 million, a P/E ratio of 9.73 and a beta of 0.58. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.13. The company has a fifty day simple moving average of $29.76 and a two-hundred day simple moving average of $28.63.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last posted its quarterly earnings results on Monday, April 22nd. The bank reported $0.72 earnings per share for the quarter. Peoples Bancorp of North Carolina had a net margin of 16.29% and a return on equity of 14.14%. The business had revenue of $19.34 million during the quarter.

Peoples Bancorp of North Carolina Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Monday, June 3rd were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date was Monday, June 3rd. Peoples Bancorp of North Carolina’s dividend payout ratio (DPR) is currently 25.94%.

Insider Buying and Selling

In other Peoples Bancorp of North Carolina news, Director James S. Abernethy sold 1,000 shares of the stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $29.90, for a total value of $29,900.00. Following the transaction, the director now owns 82,206 shares of the company’s stock, valued at $2,457,959.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 17.44% of the stock is owned by insiders.

Institutional Investors Weigh In On Peoples Bancorp of North Carolina

A hedge fund recently raised its stake in Peoples Bancorp of North Carolina stock. Empowered Funds LLC increased its holdings in shares of Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) by 7.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 26,824 shares of the bank’s stock after buying an additional 1,925 shares during the quarter. Empowered Funds LLC owned 0.51% of Peoples Bancorp of North Carolina worth $747,000 as of its most recent SEC filing. Institutional investors and hedge funds own 43.83% of the company’s stock.

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.