Peoples Bancorp of North Carolina, Inc. $PEBK Position Boosted by Wellington Management Group LLP

Key Points

• Wellington Management Group LLP increased its holdings in Peoples Bancorp of North Carolina by 17.9%, owning approximately 9.22% of the company valued at about $13.7 million after acquiring additional shares.
• Peoples Bancorp announced a quarterly dividend of $0.20 per share, with a payout ratio of 25.72%, reflecting an annualized yield of 2.5%.
• The stock's market capitalization stands at $171.77 million, with a recent trading price of $31.46, and a price-to-earnings ratio of 10.12.

Wellington Management Group LLP raised its position in shares of Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK - Free Report) by 17.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 503,124 shares of the bank's stock after buying an additional 76,231 shares during the quarter. Wellington Management Group LLP owned about 9.22% of Peoples Bancorp of North Carolina worth $13,705,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of PEBK. JPMorgan Chase & Co. raised its stake in Peoples Bancorp of North Carolina by 116.0% during the fourth quarter. JPMorgan Chase & Co. now owns 9,429 shares of the bank's stock valued at $295,000 after buying an additional 5,063 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Peoples Bancorp of North Carolina by 27.8% during the 4th quarter. Wells Fargo & Company MN now owns 2,590 shares of the bank's stock worth $81,000 after purchasing an additional 564 shares during the period. Barclays PLC raised its position in shares of Peoples Bancorp of North Carolina by 32.7% during the 4th quarter. Barclays PLC now owns 10,351 shares of the bank's stock worth $323,000 after purchasing an additional 2,550 shares during the period. First Trust Advisors LP raised its position in shares of Peoples Bancorp of North Carolina by 12.1% during the 4th quarter. First Trust Advisors LP now owns 18,688 shares of the bank's stock worth $584,000 after purchasing an additional 2,014 shares during the period. Finally, MetLife Investment Management LLC acquired a new stake in shares of Peoples Bancorp of North Carolina during the 4th quarter worth approximately $85,000. Institutional investors and hedge funds own 43.83% of the company's stock.

Peoples Bancorp of North Carolina Stock Performance

Shares of Peoples Bancorp of North Carolina stock traded up $0.16 on Friday, reaching $31.68. 2,796 shares of the company were exchanged, compared to its average volume of 8,923. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.84 and a current ratio of 0.84. The company's 50-day moving average is $29.49 and its two-hundred day moving average is $28.25. The firm has a market cap of $172.97 million, a price-to-earnings ratio of 10.19 and a beta of 0.65. 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, July 21st. The bank reported $0.95 earnings per share for the quarter. The business had revenue of $22.29 million for the quarter. Peoples Bancorp of North Carolina had a return on equity of 12.39% and a net margin of 15.49%.

Peoples Bancorp of North Carolina Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Wednesday, September 3rd will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Wednesday, September 3rd. Peoples Bancorp of North Carolina's dividend payout ratio is 25.72%.

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.