Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) Stake Lowered by Renaissance Technologies LLC

Renaissance Technologies LLC decreased its stake in Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK - Free Report) by 20.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,407 shares of the bank's stock after selling 10,000 shares during the period. Renaissance Technologies LLC owned approximately 0.72% of Peoples Bancorp of North Carolina worth $1,231,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp raised its holdings in Peoples Bancorp of North Carolina by 7.5% during the third quarter. State Street Corp now owns 54,510 shares of the bank's stock worth $1,384,000 after purchasing an additional 3,791 shares during the last quarter. Barclays PLC boosted its position in shares of Peoples Bancorp of North Carolina by 390.6% in the 3rd quarter. Barclays PLC now owns 7,801 shares of the bank's stock worth $198,000 after buying an additional 6,211 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Peoples Bancorp of North Carolina by 15.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,366 shares of the bank's stock valued at $111,000 after acquiring an additional 576 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of Peoples Bancorp of North Carolina by 4.9% in the fourth quarter. Empowered Funds LLC now owns 31,765 shares of the bank's stock valued at $993,000 after purchasing an additional 1,487 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Peoples Bancorp of North Carolina during the 4th quarter worth approximately $296,000. 43.83% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com raised 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 Up 5.6 %

Shares of NASDAQ PEBK traded up $1.53 during midday trading on Monday, reaching $28.86. 2,599 shares of the stock were exchanged, compared to its average volume of 19,960. The stock has a 50 day moving average price of $26.77 and a 200-day moving average price of $28.57. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $157.52 million, a P/E ratio of 9.68 and a beta of 0.63. Peoples Bancorp of North Carolina, Inc. has a 52-week low of $23.74 and a 52-week high of $33.31.

Peoples Bancorp of North Carolina (NASDAQ:PEBK - Get Free Report) last released 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 firm had revenue of $20.47 million during the quarter.

Peoples Bancorp of North Carolina Increases Dividend

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

Peoples Bancorp of North Carolina 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.