Peoples Bancorp of North Carolina (NASDAQ:PEBK) Now Covered by StockNews.com

Equities researchers at StockNews.com started coverage on shares of Peoples Bancorp of North Carolina (NASDAQ:PEBK – Get Rating) in a report released on Wednesday. The firm set a “buy” rating on the bank’s stock.

Shares of PEBK stock opened at $26.42 on Wednesday. Peoples Bancorp of North Carolina has a 1 year low of $24.78 and a 1 year high of $30.00. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.80 and a quick ratio of 0.80. The stock’s 50 day simple moving average is $26.77 and its two-hundred day simple moving average is $27.72. The company has a market cap of $149.43 million, a PE ratio of 10.44 and a beta of 0.77.

Peoples Bancorp of North Carolina (NASDAQ:PEBK – Get Rating) last issued its quarterly earnings data on Monday, April 25th. The bank reported $0.61 earnings per share (EPS) for the quarter. Peoples Bancorp of North Carolina had a return on equity of 10.39% and a net margin of 19.90%. The business had revenue of $17.71 million for the quarter.

In related news, COO William D. Cable sold 7,700 shares of the stock in a transaction that occurred on Tuesday, May 17th. The stock was sold at an average price of $26.05, for a total value of $200,585.00. Following the transaction, the chief operating officer now owns 19,914 shares of the company’s stock, valued at $518,759.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director James S. Abernethy sold 4,000 shares of the stock in a transaction that occurred on Friday, May 20th. The stock was sold at an average price of $26.35, for a total value of $105,400.00. Following the completion of the transaction, the director now directly owns 46,820 shares in the company, valued at approximately $1,233,707. The disclosure for this sale can be found here. Corporate insiders own 18.61% of the company’s stock.

A number of large investors have recently made changes to their positions in PEBK. River Oaks Capital LLC bought a new position in Peoples Bancorp of North Carolina in the fourth quarter worth approximately $2,035,000. Strategic Value Bank Partners LLC bought a new position in Peoples Bancorp of North Carolina in the fourth quarter worth approximately $8,543,000. Wellington Management Group LLP bought a new position in Peoples Bancorp of North Carolina in the third quarter worth approximately $4,211,000. Vanguard Group Inc. grew its stake in Peoples Bancorp of North Carolina by 27.7% in the first quarter. Vanguard Group Inc. now owns 157,506 shares of the bank’s stock worth $4,520,000 after purchasing an additional 34,178 shares in the last quarter. Finally, Petiole USA ltd bought a new position in Peoples Bancorp of North Carolina in the fourth quarter worth approximately $525,000. 49.09% of the stock is currently owned by institutional investors.

Peoples Bancorp of North Carolina Company Profile (Get Rating)

Peoples Bancorp of North Carolina, Inc operates as the bank holding company for Peoples Bank that provides various commercial and consumer banking products and services to individuals and small to medium-sized businesses. It offers checking, savings, money market, and time deposits; demand deposits; and certificates of deposit, as well as borrowed funds.

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