James S. Abernethy Sells 1,000 Shares of Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) Stock

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) Director James S. Abernethy sold 1,000 shares of Peoples Bancorp of North Carolina stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $30.02, for a total value of $30,020.00. Following the sale, the director now directly owns 73,976 shares in the company, valued at $2,220,759.52. The trade was a 1.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Peoples Bancorp of North Carolina Stock Up 0.1 %

Shares of NASDAQ PEBK opened at $31.44 on Thursday. Peoples Bancorp of North Carolina, Inc. has a 52-week low of $23.74 and a 52-week high of $32.37. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.81 and a current ratio of 0.81. The business has a fifty day moving average of $26.80 and a two-hundred day moving average of $28.46. The stock has a market cap of $171.66 million, a PE ratio of 10.64 and a beta of 0.57.

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

Peoples Bancorp of North Carolina Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Tuesday, December 3rd will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 2.42%. The ex-dividend date of this dividend is Tuesday, December 3rd. Peoples Bancorp of North Carolina’s payout ratio is presently 25.76%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Rhumbline Advisers bought a new position in shares of Peoples Bancorp of North Carolina in the second quarter worth about $169,000. Barclays PLC lifted its holdings in Peoples Bancorp of North Carolina by 390.6% during the 3rd quarter. Barclays PLC now owns 7,801 shares of the bank’s stock worth $198,000 after buying an additional 6,211 shares in the last quarter. BNP Paribas Financial Markets boosted its position in Peoples Bancorp of North Carolina by 985.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 8,000 shares of the bank’s stock valued at $203,000 after buying an additional 7,263 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Peoples Bancorp of North Carolina in the 2nd quarter valued at $388,000. Finally, De Lisle Partners LLP bought a new stake in shares of Peoples Bancorp of North Carolina during the third quarter worth $545,000. 43.83% of the stock is owned by institutional investors.

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.