Peoples Bancorp of North Carolina (NASDAQ:PEBK) Earns "Hold (C)" Rating from Weiss Ratings

Key Points

• Peoples Bancorp of North Carolina's stock has received a "hold (C)" rating from Weiss Ratings, indicating a neutral outlook on its investment potential.
• The company reported earnings per share of $0.95 and a revenue of $22.29 million for its last quarter, showcasing a return on equity of 12.39%.
• Institutional investors hold 43.83% of Peoples Bancorp's stock, with significant increases in holdings from various hedge funds in recent quarters.

Peoples Bancorp of North Carolina (NASDAQ:PEBK - Get Free Report)'s stock had its "hold (c)" rating reissued by research analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Peoples Bancorp of North Carolina Stock Performance

PEBK opened at $30.46 on Wednesday. The business's 50 day moving average is $30.51 and its 200-day moving average is $28.96. The stock has a market cap of $166.31 million, a PE ratio of 9.79 and a beta of 0.63. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.11. Peoples Bancorp of North Carolina has a twelve month low of $23.74 and a twelve month high of $33.90.

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 company 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%.

Institutional Investors Weigh In On Peoples Bancorp of North Carolina

A number of hedge funds have recently made changes to their positions in the business. State of Wyoming raised its holdings in shares of 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 valued at $39,000 after buying an additional 365 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Peoples Bancorp of North Carolina by 0.5% during the second quarter. Geode Capital Management LLC now owns 109,401 shares of the bank's stock valued at $3,157,000 after buying an additional 530 shares during the last quarter. Police & Firemen s Retirement System of New Jersey bought a new stake in Peoples Bancorp of North Carolina during the second quarter worth approximately $29,000. Los Angeles Capital Management LLC raised its holdings in Peoples Bancorp of North Carolina by 14.5% during the second quarter. Los Angeles Capital Management LLC now owns 9,425 shares of the bank's stock worth $272,000 after purchasing an additional 1,190 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in Peoples Bancorp of North Carolina by 35.5% during the fourth quarter. Bank of America Corp DE now owns 4,649 shares of the bank's stock worth $145,000 after purchasing an additional 1,219 shares in the last quarter. Institutional investors own 43.83% of the company's stock.

About Peoples Bancorp of North Carolina

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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