Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) Director James S. Abernethy Sells 1,000 Shares of Stock

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) Director James S. Abernethy sold 1,000 shares of the business’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $28.00, for a total value of $28,000.00. Following the completion of the sale, the director now owns 58,722 shares in the company, valued at $1,644,216. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Shares of Peoples Bancorp of North Carolina stock opened at $28.54 on Friday. The firm has a market cap of $167.19 million, a price-to-earnings ratio of 12.09 and a beta of 0.78. The stock’s 50-day moving average is $29.90 and its 200-day moving average is $29.48. Peoples Bancorp of North Carolina, Inc. has a one year low of $25.02 and a one year high of $34.32. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.99 and a quick ratio of 0.99.

The company also recently declared a None dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be issued a $0.15 dividend. This is a positive change from Peoples Bancorp of North Carolina’s previous None dividend of $0.10. The ex-dividend date is Friday, January 31st.

Institutional investors have recently modified their holdings of the company. California Public Employees Retirement System raised its holdings in Peoples Bancorp of North Carolina by 4.6% during the fourth quarter. California Public Employees Retirement System now owns 9,147 shares of the bank’s stock worth $300,000 after acquiring an additional 400 shares in the last quarter. Rhumbline Advisers raised its holdings in Peoples Bancorp of North Carolina by 7.3% during the third quarter. Rhumbline Advisers now owns 7,344 shares of the bank’s stock worth $218,000 after acquiring an additional 500 shares in the last quarter. James Investment Research Inc. raised its holdings in Peoples Bancorp of North Carolina by 199.0% during the third quarter. James Investment Research Inc. now owns 2,392 shares of the bank’s stock worth $71,000 after acquiring an additional 1,592 shares in the last quarter. Northern Trust Corp raised its holdings in Peoples Bancorp of North Carolina by 3.4% during the second quarter. Northern Trust Corp now owns 53,771 shares of the bank’s stock worth $1,615,000 after acquiring an additional 1,749 shares in the last quarter. Finally, Barclays PLC raised its holdings in Peoples Bancorp of North Carolina by 67.5% during the fourth quarter. Barclays PLC now owns 5,742 shares of the bank’s stock worth $189,000 after acquiring an additional 2,314 shares in the last quarter. Institutional investors own 33.47% of the company’s stock.

Separately, ValuEngine upgraded Peoples Bancorp of North Carolina from a “sell” rating to a “hold” rating in a report on Friday, January 24th.

Peoples Bancorp of North Carolina Company Profile

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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Insider Buying and Selling by Quarter for Peoples Bancorp of North Carolina (NASDAQ:PEBK)

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