Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) Director Sells $16,806.00 in Stock

Key Points

• James S. Abernethy, a director at Peoples Bancorp of North Carolina, sold 600 shares for a total of $16,806, reducing his holdings to 71,676 shares.
• Peoples Bancorp's stock has dipped 1.5%, trading at $27.93, with a market capitalization of $152.50 million.
• The company recently announced a quarterly dividend of $0.20 per share, representing an annualized dividend yield of 2.9%.

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK - Get Free Report) Director James S. Abernethy sold 600 shares of the company's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $28.01, for a total transaction of $16,806.00. Following the completion of the transaction, the director owned 71,676 shares of the company's stock, valued at approximately $2,007,644.76. This trade represents a 0.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Peoples Bancorp of North Carolina Price Performance

Shares of NASDAQ:PEBK traded up $0.30 during midday trading on Friday, reaching $28.25. 3,103 shares of the company's stock traded hands, compared to its average volume of 6,963. The company has a fifty day simple moving average of $28.76 and a two-hundred day simple moving average of $28.13. 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 market cap of $154.25 million, a P/E ratio of 9.08 and a beta of 0.65. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.83 and a current ratio of 0.84.

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 earnings per share for the quarter. The firm had revenue of $22.29 million during 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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Tuesday, June 3rd were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Tuesday, June 3rd. Peoples Bancorp of North Carolina's dividend payout ratio (DPR) is currently 25.72%.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Peoples Bancorp of North Carolina

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of Peoples Bancorp of North Carolina during the 2nd quarter worth approximately $29,000. State of Wyoming boosted its stake in Peoples Bancorp of North Carolina by 34.1% during the first quarter. State of Wyoming now owns 1,435 shares of the bank's stock worth $39,000 after buying an additional 365 shares during the last quarter. Farther Finance Advisors LLC purchased a new stake in Peoples Bancorp of North Carolina in the 2nd quarter valued at $70,000. Wells Fargo & Company MN increased its stake in shares of 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 worth $81,000 after acquiring an additional 564 shares during the last quarter. Finally, Deutsche Bank AG acquired a new position in shares of Peoples Bancorp of North Carolina during the 4th quarter valued at about $82,000. 43.83% of the stock is currently owned by institutional investors and hedge funds.

Peoples Bancorp of North Carolina Company 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.