Wellington Management Group LLP Boosts Stake in Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK)

Wellington Management Group LLP raised its holdings in Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK - Free Report) by 606.4% in the 4th quarter, according to its most recent 13F filing with the SEC. 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 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Nuveen Asset Management LLC acquired a new stake in shares of Peoples Bancorp of North Carolina during the 4th quarter worth $277,000. Deutsche Bank AG acquired a new stake in shares of Peoples Bancorp of North Carolina during the 4th quarter worth $82,000. Bank of America Corp DE increased its holdings in shares of Peoples Bancorp of North Carolina by 35.5% during the 4th quarter. Bank of America Corp DE now owns 4,649 shares of the bank's stock worth $145,000 after buying an additional 1,219 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Peoples Bancorp of North Carolina by 41.7% during the 4th quarter. BNP Paribas Financial Markets now owns 11,335 shares of the bank's stock worth $354,000 after buying an additional 3,335 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Peoples Bancorp of North Carolina by 3.2% during the 4th quarter. Northern Trust Corp now owns 39,911 shares of the bank's stock worth $1,247,000 after buying an additional 1,233 shares during the last quarter. 43.83% of the stock is currently owned by institutional investors and hedge funds.

Peoples Bancorp of North Carolina Trading Up 2.8%

Shares of PEBK stock traded up $0.77 on Friday, reaching $28.21. 4,697 shares of the stock were exchanged, compared to its average volume of 19,503. The stock has a market cap of $154.00 million, a P/E ratio of 9.47 and a beta of 0.63. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.11. The firm has a 50 day moving average of $27.56 and a two-hundred day moving average of $28.82. Peoples Bancorp of North Carolina, Inc. has a 1-year low of $23.74 and a 1-year high of $33.31.

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

Peoples Bancorp of North Carolina Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Tuesday, June 3rd will be given a dividend of $0.20 per share. 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 2.84%. Peoples Bancorp of North Carolina's dividend payout ratio (DPR) is 26.23%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Peoples Bancorp of North Carolina from a "hold" rating to a "buy" rating in a report 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.