Wellington Management Group LLP Acquires 76,231 Shares of Peoples Bancorp of North Carolina, Inc. $PEBK

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 grew its holdings in Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK - Free Report) by 17.9% in 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 acquiring an additional 76,231 shares during the period. Wellington Management Group LLP owned 9.22% of Peoples Bancorp of North Carolina worth $13,705,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in PEBK. NorthRock Partners LLC bought a new position in shares of Peoples Bancorp of North Carolina in the first quarter valued at approximately $431,000. Nuveen Asset Management LLC bought a new position in shares of Peoples Bancorp of North Carolina in the fourth quarter valued at approximately $277,000. Deutsche Bank AG bought a new position in shares of Peoples Bancorp of North Carolina in the fourth quarter valued at approximately $82,000. Bank of America Corp DE raised its position in shares of Peoples Bancorp of North Carolina by 35.5% in the fourth quarter. Bank of America Corp DE now owns 4,649 shares of the bank's stock valued at $145,000 after purchasing an additional 1,219 shares during the period. Finally, BNP Paribas Financial Markets raised its position in shares of Peoples Bancorp of North Carolina by 41.7% in the fourth quarter. BNP Paribas Financial Markets now owns 11,335 shares of the bank's stock valued at $354,000 after purchasing an additional 3,335 shares during the period. 43.83% of the stock is owned by institutional investors.

Peoples Bancorp of North Carolina Stock Performance

Shares of NASDAQ:PEBK traded up $0.16 during trading on Monday, reaching $31.68. The stock had a trading volume of 2,796 shares, compared to its average volume of 7,664. Peoples Bancorp of North Carolina, Inc. has a 52 week low of $23.74 and a 52 week high of $33.31. The firm has a market capitalization of $172.97 million, a price-to-earnings ratio of 10.19 and a beta of 0.67. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.11. The stock has a fifty day simple moving average of $29.56 and a two-hundred day simple moving average of $28.23.

Peoples Bancorp of North Carolina (NASDAQ:PEBK - Get Free Report) last released its quarterly earnings results on Monday, July 21st. The bank reported $0.95 EPS for the quarter. The company had revenue of $22.29 million for the quarter. Peoples Bancorp of North Carolina had a net margin of 15.49% and a return on equity of 12.39%.

Peoples Bancorp of North Carolina Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Wednesday, September 3rd will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend 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 currently 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.