Peoples Bancorp of North Carolina (NASDAQ:PEBK) Stock Passes Below 200 Day Moving Average - Should You Sell?

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $28.71 and traded as low as $27.40. Peoples Bancorp of North Carolina shares last traded at $27.73, with a volume of 11,212 shares.

Analyst Ratings Changes

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 Trading Down 2.1%

The company has a market capitalization of $150.37 million, a PE ratio of 9.03 and a beta of 0.62. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.83 and a quick ratio of 0.83. The company's fifty day moving average is $27.82 and its 200-day moving average is $28.64.

Peoples Bancorp of North Carolina (NASDAQ:PEBK - Get Free Report) last released its quarterly earnings results on Monday, April 21st. The bank reported $0.79 EPS for the quarter. The firm had revenue of $20.47 million during the quarter. Peoples Bancorp of North Carolina had a return on equity of 12.65% and a net margin of 15.35%.

Peoples Bancorp of North Carolina Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Tuesday, June 3rd were issued a $0.20 dividend. The ex-dividend date was Tuesday, June 3rd. This represents a $0.80 dividend on an annualized basis and a yield of 2.90%. Peoples Bancorp of North Carolina's dividend payout ratio is presently 26.23%.

Institutional Trading of Peoples Bancorp of North Carolina

A number of institutional investors have recently modified their holdings of PEBK. State of Wyoming lifted its position 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 valued at $39,000 after acquiring an additional 365 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Peoples Bancorp of North Carolina by 27.8% during the fourth quarter. Wells Fargo & Company MN now owns 2,590 shares of the bank's stock worth $81,000 after purchasing an additional 564 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Peoples Bancorp of North Carolina by 3.1% during the 4th quarter. American Century Companies Inc. now owns 23,380 shares of the bank's stock valued at $731,000 after purchasing an additional 695 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Peoples Bancorp of North Carolina by 35.5% in the 4th 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. Finally, Northern Trust Corp grew its stake 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 last quarter. 43.83% of the stock is currently owned by institutional investors.

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.