AMG National Trust Bank Sells 2,500 Shares of Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK)

AMG National Trust Bank trimmed its holdings in Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) by 6.7% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 34,745 shares of the bank’s stock after selling 2,500 shares during the quarter. AMG National Trust Bank owned 0.64% of Peoples Bancorp of North Carolina worth $882,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Rhumbline Advisers bought a new stake in Peoples Bancorp of North Carolina in the second quarter worth $169,000. Bank of New York Mellon Corp purchased a new stake in Peoples Bancorp of North Carolina during the 2nd quarter valued at about $388,000. Renaissance Technologies LLC grew its position in Peoples Bancorp of North Carolina by 6.8% during the 2nd quarter. Renaissance Technologies LLC now owns 22,012 shares of the bank’s stock worth $643,000 after acquiring an additional 1,400 shares during the last quarter. Empowered Funds LLC increased its stake in Peoples Bancorp of North Carolina by 5.1% in the 3rd quarter. Empowered Funds LLC now owns 30,278 shares of the bank’s stock worth $769,000 after purchasing an additional 1,474 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in Peoples Bancorp of North Carolina by 0.5% in the second quarter. Dimensional Fund Advisors LP now owns 146,625 shares of the bank’s stock valued at $4,281,000 after purchasing an additional 734 shares during the last quarter. Hedge funds and other institutional investors own 43.83% of the company’s stock.

Analyst Ratings Changes

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

Insider Transactions at Peoples Bancorp of North Carolina

In other news, Director James S. Abernethy sold 1,000 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $28.64, for a total value of $28,640.00. Following the completion of the transaction, the director now owns 74,976 shares of the company’s stock, valued at approximately $2,147,312.64. This represents a 1.32 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders sold 6,500 shares of company stock valued at $184,205. Company insiders own 17.44% of the company’s stock.

Peoples Bancorp of North Carolina Trading Up 1.0 %

NASDAQ PEBK opened at $29.62 on Wednesday. The stock has a market cap of $161.73 million, a P/E ratio of 10.04 and a beta of 0.57. Peoples Bancorp of North Carolina, Inc. has a fifty-two week low of $23.74 and a fifty-two week high of $32.37. The stock has a 50 day simple moving average of $26.38 and a two-hundred day simple moving average of $28.45. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.81 and a current ratio of 0.81.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last announced its quarterly earnings results on Monday, October 21st. The bank reported $0.72 EPS for the quarter. The company had revenue of $20.64 million during the quarter. Peoples Bancorp of North Carolina had a return on equity of 12.92% and a net margin of 15.27%.

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.