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

Peoples Bancorp of North Carolina Trading Up 1.8%

Shares of NASDAQ PEBK traded up $0.50 during trading on Friday, reaching $28.45. The stock had a trading volume of 1,431 shares, compared to its average volume of 8,182. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.83 and a current ratio of 0.84. The company has a market cap of $155.34 million, a P/E ratio of 9.15 and a beta of 0.65. Peoples Bancorp of North Carolina, Inc. has a fifty-two week low of $23.74 and a fifty-two week high of $33.31. The business's 50-day moving average price is $28.75 and its 200-day moving average price is $28.14.

Peoples Bancorp of North Carolina (NASDAQ:PEBK - Get Free Report) last announced its earnings results on Monday, July 21st. The bank reported $0.95 EPS for the quarter. The company had revenue of $22.29 million during 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 Dividend Announcement

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

Institutional Investors Weigh In On Peoples Bancorp of North Carolina

A number of hedge funds have recently added to or reduced their stakes in PEBK. American Century Companies Inc. increased its position in shares of Peoples Bancorp of North Carolina by 3.1% during the fourth quarter. American Century Companies Inc. now owns 23,380 shares of the bank's stock worth $731,000 after acquiring an additional 695 shares during the period. JPMorgan Chase & Co. grew its stake in Peoples Bancorp of North Carolina by 116.0% during the 4th quarter. JPMorgan Chase & Co. now owns 9,429 shares of the bank's stock worth $295,000 after purchasing an additional 5,063 shares in the last quarter. Wellington Management Group LLP increased its holdings in Peoples Bancorp of North Carolina by 606.4% during the 4th quarter. Wellington Management Group LLP now owns 426,893 shares of the bank's stock worth $13,340,000 after purchasing an additional 366,459 shares during the period. Wells Fargo & Company MN increased its holdings in 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. Finally, Barclays PLC raised its position in Peoples Bancorp of North Carolina by 32.7% in the 4th quarter. Barclays PLC now owns 10,351 shares of the bank's stock valued at $323,000 after purchasing an additional 2,550 shares in the last quarter. 43.83% of the stock is currently owned by institutional investors and hedge funds.

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 report on Thursday, April 24th.

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.