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.
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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