Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) Shares Purchased by Wellington Management Group LLP

Wellington Management Group LLP boosted its holdings in Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK - Free Report) by 606.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 426,893 shares of the bank's stock after acquiring an additional 366,459 shares during the period. Wellington Management Group LLP owned 7.82% of Peoples Bancorp of North Carolina worth $13,340,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN lifted its holdings in Peoples Bancorp of North Carolina by 27.8% in the 4th quarter. Wells Fargo & Company MN now owns 2,590 shares of the bank's stock valued at $81,000 after purchasing an additional 564 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Peoples Bancorp of North Carolina by 15.2% during the third quarter. JPMorgan Chase & Co. now owns 4,366 shares of the bank's stock worth $111,000 after buying an additional 576 shares in the last quarter. American Century Companies Inc. raised its position in shares of Peoples Bancorp of North Carolina by 3.1% in the fourth quarter. American Century Companies Inc. now owns 23,380 shares of the bank's stock valued at $731,000 after buying an additional 695 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Peoples Bancorp of North Carolina by 35.5% during the fourth quarter. Bank of America Corp DE now owns 4,649 shares of the bank's stock valued at $145,000 after buying an additional 1,219 shares during the period. Finally, Northern Trust Corp lifted its stake in shares of Peoples Bancorp of North Carolina by 3.2% during the fourth quarter. Northern Trust Corp now owns 39,911 shares of the bank's stock valued at $1,247,000 after buying an additional 1,233 shares during the period. 43.83% of the stock is owned by institutional investors and hedge funds.

Peoples Bancorp of North Carolina Trading Down 0.8%

Shares of NASDAQ:PEBK traded down $0.22 during midday trading on Wednesday, reaching $27.55. The company's stock had a trading volume of 5,863 shares, compared to its average volume of 19,537. The firm has a market cap of $150.40 million, a price-to-earnings ratio of 9.24 and a beta of 0.63. The business has a 50 day moving average price of $27.53 and a 200 day moving average price of $28.85. Peoples Bancorp of North Carolina, Inc. has a 1 year low of $23.74 and a 1 year high of $33.31. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.11.

Peoples Bancorp of North Carolina (NASDAQ:PEBK - Get Free Report) last issued its quarterly earnings results on Monday, April 21st. The bank reported $0.79 earnings per share (EPS) for the quarter. The firm had revenue of $20.47 million for the quarter. Peoples Bancorp of North Carolina had a return on equity of 12.85% and a net margin of 15.08%.

Peoples Bancorp of North Carolina Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Tuesday, June 3rd will be issued a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, June 3rd. This represents a $0.80 dividend on an annualized basis and a yield of 2.90%. Peoples Bancorp of North Carolina's payout ratio is 26.23%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Peoples Bancorp of North Carolina from a "hold" rating to a "buy" rating in a research note on Thursday, April 24th.

Peoples Bancorp of North Carolina 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.