Peoples Bancorp of North Carolina (NASDAQ:PEBK) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of Peoples Bancorp of North Carolina (NASDAQ:PEBKGet Rating) in a research report released on Monday morning. The firm issued a buy rating on the bank’s stock.

Peoples Bancorp of North Carolina Stock Up 0.1 %

NASDAQ:PEBK opened at $28.99 on Monday. The firm has a market capitalization of $164.08 million, a P/E ratio of 10.98 and a beta of 0.68. Peoples Bancorp of North Carolina has a 1-year low of $24.42 and a 1-year high of $30.00. The company’s fifty day moving average price is $26.60 and its 200-day moving average price is $26.53. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.77 and a quick ratio of 0.76.

Peoples Bancorp of North Carolina Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Friday, December 2nd will be paid a $0.18 dividend. The ex-dividend date of this dividend is Thursday, December 1st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.48%. Peoples Bancorp of North Carolina’s payout ratio is currently 27.27%.

Insider Transactions at Peoples Bancorp of North Carolina

In other news, Director James S. Abernethy sold 3,200 shares of the stock in a transaction on Friday, October 28th. The shares were sold at an average price of $27.50, for a total value of $88,000.00. Following the sale, the director now owns 43,620 shares in the company, valued at $1,199,550. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 18.61% of the company’s stock.

Institutional Trading of Peoples Bancorp of North Carolina

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PEBK. State Street Corp grew its position in Peoples Bancorp of North Carolina by 6.2% during the first quarter. State Street Corp now owns 12,327 shares of the bank’s stock valued at $354,000 after buying an additional 724 shares during the period. BlackRock Inc. grew its position in Peoples Bancorp of North Carolina by 4.7% during the first quarter. BlackRock Inc. now owns 13,487 shares of the bank’s stock valued at $387,000 after buying an additional 607 shares during the period. Vanguard Group Inc. grew its position in Peoples Bancorp of North Carolina by 27.7% during the first quarter. Vanguard Group Inc. now owns 157,506 shares of the bank’s stock valued at $4,520,000 after buying an additional 34,178 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Peoples Bancorp of North Carolina by 0.9% during the first quarter. Dimensional Fund Advisors LP now owns 163,408 shares of the bank’s stock valued at $4,690,000 after purchasing an additional 1,419 shares in the last quarter. Finally, Fourthstone LLC lifted its holdings in Peoples Bancorp of North Carolina by 1.3% during the first quarter. Fourthstone LLC now owns 251,828 shares of the bank’s stock valued at $7,227,000 after purchasing an additional 3,234 shares in the last quarter. Institutional investors and hedge funds own 34.33% of the company’s stock.

About Peoples Bancorp of North Carolina

(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.

Further Reading

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