Peoples Bancorp of North Carolina (NASDAQ:PEBK) Stock Price Crosses Below Two Hundred Day Moving Average - Should You Sell?

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $28.89 and traded as low as $28.65. Peoples Bancorp of North Carolina shares last traded at $28.67, with a volume of 8,557 shares changing hands.

Analyst Ratings Changes

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

Peoples Bancorp of North Carolina Trading Down 1.0%

The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.11. The stock's fifty day moving average price is $27.56 and its 200 day moving average price is $28.86. The stock has a market cap of $152.42 million, a PE ratio of 9.37 and a beta of 0.63.

Peoples Bancorp of North Carolina (NASDAQ:PEBK - Get Free Report) last posted its earnings results on Monday, April 21st. The bank reported $0.79 EPS for the quarter. Peoples Bancorp of North Carolina had a net margin of 15.08% and a return on equity of 12.85%. The business had revenue of $20.47 million during the quarter.

Peoples Bancorp of North Carolina Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Tuesday, June 3rd will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date is Tuesday, June 3rd. Peoples Bancorp of North Carolina's dividend payout ratio is 26.23%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of PEBK. State of Wyoming raised its position in shares of Peoples Bancorp of North Carolina by 34.1% during the 1st quarter. State of Wyoming now owns 1,435 shares of the bank's stock valued at $39,000 after purchasing an additional 365 shares during the period. Wells Fargo & Company MN boosted its stake in shares of 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. Deutsche Bank AG purchased a new position in shares of Peoples Bancorp of North Carolina during the 4th quarter worth about $82,000. MetLife Investment Management LLC purchased a new stake in Peoples Bancorp of North Carolina in the 4th quarter valued at about $85,000. Finally, JPMorgan Chase & Co. boosted its position in Peoples Bancorp of North Carolina by 15.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,366 shares of the bank's stock valued at $111,000 after buying an additional 576 shares during the period. 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.