Ashton Abernethy Sells 950 Shares of Peoples Bancorp of North Carolina (NASDAQ:PEBK) Stock

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) Director Ashton Abernethy sold 950 shares of the stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $42.26, for a total transaction of $40,147.00. Following the completion of the transaction, the director directly owned 43,838 shares of the company’s stock, valued at $1,852,593.88. This trade represents a 2.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Peoples Bancorp of North Carolina Price Performance

Shares of PEBK stock traded up $0.15 on Tuesday, reaching $42.20. The company had a trading volume of 31,589 shares, compared to its average volume of 26,943. The stock has a market capitalization of $230.41 million, a PE ratio of 11.63 and a beta of 0.28. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.10. The business’s 50-day moving average is $39.98 and its 200 day moving average is $37.24. Peoples Bancorp of North Carolina, Inc. has a one year low of $26.81 and a one year high of $43.31.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last issued its quarterly earnings data on Monday, April 20th. The bank reported $0.80 EPS for the quarter. The business had revenue of $21.57 million during the quarter. Peoples Bancorp of North Carolina had a net margin of 17.22% and a return on equity of 13.07%.

Peoples Bancorp of North Carolina Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Wednesday, June 3rd will be paid a $0.21 dividend. The ex-dividend date of this dividend is Wednesday, June 3rd. This represents a $0.84 annualized dividend and a yield of 2.0%. Peoples Bancorp of North Carolina’s dividend payout ratio is presently 23.14%.

Hedge Funds Weigh In On Peoples Bancorp of North Carolina

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Advisory Services Network LLC acquired a new position in Peoples Bancorp of North Carolina in the 3rd quarter valued at approximately $45,000. Russell Investments Group Ltd. increased its position in Peoples Bancorp of North Carolina by 116.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 932 shares of the bank’s stock valued at $29,000 after acquiring an additional 502 shares during the period. First Trust Advisors LP acquired a new position in Peoples Bancorp of North Carolina in the 1st quarter valued at approximately $236,000. Renaissance Technologies LLC increased its position in Peoples Bancorp of North Carolina by 33.3% in the 1st quarter. Renaissance Technologies LLC now owns 37,614 shares of the bank’s stock valued at $1,473,000 after acquiring an additional 9,407 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Peoples Bancorp of North Carolina by 4.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 167,283 shares of the bank’s stock valued at $6,551,000 after acquiring an additional 7,404 shares during the period. Institutional investors own 43.83% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Peoples Bancorp of North Carolina from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, April 24th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy”.

Peoples Bancorp of North Carolina Company Profile

Peoples Bancorp of North Carolina, Inc is a bank holding company headquartered in Hickory, North Carolina, that operates through its wholly owned subsidiary, Peoples Bank. The company provides a comprehensive suite of banking and financial services tailored to individuals, small businesses, and municipal clients in the western region of North Carolina.

Through its community banking network, Peoples Bancorp offers deposit products such as checking, savings, money market accounts and certificates of deposit, alongside consumer and commercial lending solutions.