Peoples Bancorp of North Carolina (NASDAQ:PEBK) Stock Passes Below 200 Day Moving Average of $0.00

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.00 and traded as low as $27.07. Peoples Bancorp of North Carolina shares last traded at $27.07, with a volume of 25 shares.

Separately, ValuEngine upgraded shares of Peoples Bancorp of North Carolina from a “sell” rating to a “hold” rating in a research note on Friday, May 3rd.

The company has a fifty day moving average price of $27.85. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $164.82 million, a P/E ratio of 12.18 and a beta of 0.75.



In related news, Director James S. Abernethy sold 1,500 shares of the business’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $27.77, for a total value of $41,655.00. Following the transaction, the director now directly owns 62,797 shares of the company’s stock, valued at approximately $1,743,872.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director James S. Abernethy sold 1,000 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $27.50, for a total transaction of $27,500.00. Following the completion of the transaction, the director now directly owns 61,697 shares in the company, valued at $1,696,667.50. The disclosure for this sale can be found here. Insiders sold a total of 3,000 shares of company stock worth $82,900 over the last three months. 11.28% of the stock is owned by insiders.

Several large investors have recently modified their holdings of the stock. Morgan Stanley raised its holdings in shares of Peoples Bancorp of North Carolina by 44.5% in the second quarter. Morgan Stanley now owns 12,784 shares of the bank’s stock valued at $385,000 after purchasing an additional 3,934 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Peoples Bancorp of North Carolina by 5.6% in the second quarter. BlackRock Inc. now owns 218,571 shares of the bank’s stock valued at $6,568,000 after purchasing an additional 11,518 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Peoples Bancorp of North Carolina by 3.4% in the second quarter. Northern Trust Corp now owns 53,771 shares of the bank’s stock valued at $1,615,000 after purchasing an additional 1,749 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Peoples Bancorp of North Carolina by 19.1% in the second quarter. Renaissance Technologies LLC now owns 45,592 shares of the bank’s stock valued at $1,370,000 after purchasing an additional 7,300 shares during the last quarter. Finally, Southside Capital LLC raised its holdings in shares of Peoples Bancorp of North Carolina by 176.4% in the second quarter. Southside Capital LLC now owns 15,669 shares of the bank’s stock valued at $471,000 after purchasing an additional 10,000 shares during the last quarter. 32.81% of the stock is currently owned by institutional investors.

About Peoples Bancorp of North Carolina (NASDAQ:PEBK)

Peoples Bancorp of North Carolina, Inc operates as a bank holding company for Peoples Bank that provides various banking products and services to individuals and small to medium-sized businesses. It offers various deposit products. The company's loan products comprise commercial real estate, commercial, construction and land development, single-family residential, residential mortgage, individual taxpayer identification number mortgage loans, as well as agricultural loans.

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