Peoples Bancorp of North Carolina (NASDAQ:PEBK) Share Price Crosses Below 200-Day Moving Average – What’s Next?

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $28.58 and traded as low as $25.00. Peoples Bancorp of North Carolina shares last traded at $25.34, with a volume of 9,194 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Peoples Bancorp of North Carolina from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th.

Peoples Bancorp of North Carolina Price Performance

The company has a 50-day moving average of $26.70 and a 200-day moving average of $28.56. The stock has a market capitalization of $138.68 million, a price-to-earnings ratio of 8.61 and a beta of 0.57. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.81 and a current ratio of 0.81.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last issued its quarterly earnings data on Monday, October 21st. The bank reported $0.72 earnings per share (EPS) for the quarter. The business had revenue of $20.64 million for the quarter. Peoples Bancorp of North Carolina had a return on equity of 13.29% and a net margin of 15.27%.

Peoples Bancorp of North Carolina Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Tuesday, September 3rd were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 2.99%. The ex-dividend date was Tuesday, September 3rd. Peoples Bancorp of North Carolina’s payout ratio is 25.76%.

Insider Buying and Selling at Peoples Bancorp of North Carolina

In other Peoples Bancorp of North Carolina news, Director Kim Boyd-Leaks sold 8,686 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $28.91, for a total value of $251,112.26. Following the sale, the director now directly owns 1,022 shares of the company’s stock, valued at approximately $29,546.02. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Peoples Bancorp of North Carolina news, Director Kim Boyd-Leaks sold 8,686 shares of the stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $28.91, for a total transaction of $251,112.26. Following the transaction, the director now owns 1,022 shares of the company’s stock, valued at $29,546.02. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director James S. Abernethy sold 1,000 shares of Peoples Bancorp of North Carolina stock in a transaction on Friday, August 30th. The shares were sold at an average price of $29.02, for a total transaction of $29,020.00. Following the completion of the transaction, the director now owns 40,900 shares in the company, valued at approximately $1,186,918. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 13,686 shares of company stock worth $395,507. Insiders own 16.94% of the company’s stock.

Hedge Funds Weigh In On Peoples Bancorp of North Carolina

Several hedge funds and other institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC boosted its position in shares of Peoples Bancorp of North Carolina by 6.8% in the second quarter. Renaissance Technologies LLC now owns 22,012 shares of the bank’s stock worth $643,000 after buying an additional 1,400 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Peoples Bancorp of North Carolina by 0.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 146,625 shares of the bank’s stock worth $4,281,000 after acquiring an additional 734 shares during the period. Rhumbline Advisers acquired a new stake in Peoples Bancorp of North Carolina in the second quarter valued at approximately $169,000. Bank of New York Mellon Corp purchased a new stake in shares of Peoples Bancorp of North Carolina during the second quarter valued at approximately $388,000. Finally, Empowered Funds LLC lifted its position in shares of Peoples Bancorp of North Carolina by 7.7% during the first quarter. Empowered Funds LLC now owns 26,824 shares of the bank’s stock worth $747,000 after purchasing an additional 1,925 shares in the last quarter. 43.83% of the stock is owned by institutional investors and hedge funds.

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.