Peoples Bancorp of North Carolina (NASDAQ:PEBK) Share Price Crosses Below 200 Day Moving Average - Here's What Happened

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK - Get Free Report) shares 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 trading hands.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded 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 Stock Down 1.1%

The company has a market capitalization of $152.25 million, a PE ratio of 9.36 and a beta of 0.63. 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 company's 50 day moving average is $27.54 and its two-hundred day moving average is $28.88.

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

Peoples Bancorp of North Carolina Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Tuesday, June 3rd will be given a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, June 3rd. This represents a $0.80 annualized dividend and a yield of 2.87%. Peoples Bancorp of North Carolina's dividend payout ratio is currently 26.23%.

Hedge Funds Weigh In On Peoples Bancorp of North Carolina

Several large investors have recently modified their holdings of the stock. State of Wyoming boosted its stake 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 worth $39,000 after buying an additional 365 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of Peoples Bancorp of North Carolina by 27.8% in the 4th quarter. Wells Fargo & Company MN now owns 2,590 shares of the bank's stock worth $81,000 after acquiring an additional 564 shares during the last quarter. 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 bought a new position in shares of Peoples Bancorp of North Carolina during the fourth quarter valued at approximately $85,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of Peoples Bancorp of North Carolina by 15.2% in the third quarter. JPMorgan Chase & Co. now owns 4,366 shares of the bank's stock worth $111,000 after purchasing an additional 576 shares during the last quarter. Institutional investors own 43.83% of the company's stock.

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.