Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) Short Interest Update

Key Points

• Short Interest Growth: Peoples Bancorp of North Carolina saw a significant increase in short interest, with a total of 37,300 shares reported as of August 15th, reflecting a growth of 28.6% from the previous month.
• Institutional Investment Activity: Several institutional investors increased their stakes in the company during the 4th quarter, with notable increases from BNP Paribas Financial Markets and Wells Fargo, indicating growing confidence in the bank's performance.
• Upcoming Dividend Payment: The company announced a quarterly dividend of $0.20 per share, which will be paid on September 15th, providing a yield of 2.5% and reflecting a payout ratio of 25.72%.

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK - Get Free Report) saw a large growth in short interest in August. As of August 15th, there was short interest totaling 37,300 shares, agrowthof28.6% from the July 31st total of 29,000 shares. Based on an average daily trading volume, of 9,100 shares, the short-interest ratio is currently 4.1 days. Currently,0.8% of the shares of the stock are short sold. Currently,0.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 9,100 shares, the short-interest ratio is currently 4.1 days.

Institutional Investors Weigh In On Peoples Bancorp of North Carolina

Hedge funds and other institutional investors have recently bought and sold shares of the company. Wells Fargo & Company MN lifted 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 buying an additional 564 shares during the period. Northern Trust Corp lifted its holdings in 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 period. BNP Paribas Financial Markets lifted its holdings in 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 period. Bank of America Corp DE lifted its holdings in 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 period. Finally, Deutsche Bank AG acquired a new position in shares of Peoples Bancorp of North Carolina in the 4th quarter valued at about $82,000. Institutional investors own 43.83% of the company's stock.

Peoples Bancorp of North Carolina Price Performance

Peoples Bancorp of North Carolina stock opened at $31.59 on Tuesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.84 and a current ratio of 0.84. Peoples Bancorp of North Carolina has a 52 week low of $23.74 and a 52 week high of $33.31. The stock has a market capitalization of $172.48 million, a P/E ratio of 10.16 and a beta of 0.67. The stock has a fifty day moving average of $29.85 and a 200-day moving average of $28.34.

Peoples Bancorp of North Carolina (NASDAQ:PEBK - Get Free Report) last issued its quarterly earnings data 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 Dividend Announcement

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

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.

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