Peoples Bancorp of North Carolina (NASDAQ:PEBK) Stock Passes Below 200-Day Moving Average of $28.63

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) shares 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.

Analysts Set New Price Targets

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

Peoples Bancorp of North Carolina Trading Down 0.8 %

The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.13. The firm has a market cap of $149.71 million, a P/E ratio of 9.66 and a beta of 0.58. The company’s 50 day simple moving average is $29.77 and its 200-day simple moving average is $28.64.

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

Peoples Bancorp of North Carolina Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Monday, June 3rd were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 2.69%. The ex-dividend date of this dividend was Monday, June 3rd. Peoples Bancorp of North Carolina’s payout ratio is currently 25.94%.

Insider Activity

In other news, Director James S. Abernethy sold 1,000 shares of Peoples Bancorp of North Carolina stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $29.90, for a total transaction of $29,900.00. Following the completion of the sale, 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 accessible through this hyperlink. Insiders own 17.44% of the company’s stock.

Institutional Trading of Peoples Bancorp of North Carolina

An institutional investor recently raised its position in Peoples Bancorp of North Carolina stock. Empowered Funds LLC boosted its holdings in shares of Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) by 7.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & 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 approximately 0.51% of Peoples Bancorp of North Carolina worth $747,000 as of its most recent SEC filing. Institutional investors own 43.83% of the company’s stock.

Peoples Bancorp of North Carolina Company Profile

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.