Peoples Bancorp of North Carolina (NASDAQ:PEBK) Stock Price Passes Below 200 Day Moving Average - What's Next?

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK - Get Free Report) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $28.50 and traded as low as $26.50. Peoples Bancorp of North Carolina shares last traded at $26.72, with a volume of 5,066 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com raised 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 Up 5.5 %

The company has a market cap of $157.44 million, a PE ratio of 9.68 and a beta of 0.63. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.81 and a current ratio of 0.81. The company has a 50 day simple moving average of $26.77 and a two-hundred day simple moving average of $28.55.

Peoples Bancorp of North Carolina (NASDAQ:PEBK - Get Free Report) last released its earnings results on Monday, April 21st. The bank reported $0.79 earnings per share (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 company had revenue of $20.47 million during the quarter.

Peoples Bancorp of North Carolina Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were paid a $0.20 dividend. This is a boost from Peoples Bancorp of North Carolina's previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.80 annualized dividend and a dividend yield of 2.77%. Peoples Bancorp of North Carolina's payout ratio is presently 26.23%.

Hedge Funds Weigh In On Peoples Bancorp of North Carolina

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN increased 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 last quarter. Deutsche Bank AG acquired a new position in Peoples Bancorp of North Carolina during the fourth quarter worth $82,000. MetLife Investment Management LLC bought a new position in Peoples Bancorp of North Carolina during the fourth quarter valued at about $85,000. JPMorgan Chase & Co. lifted its position 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 buying an additional 576 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Peoples Bancorp of North Carolina by 35.5% in the fourth 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 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.