Peoples Bancorp of North Carolina (NASDAQ:PEBK) Issues Quarterly Earnings Results

Peoples Bancorp of North Carolina (NASDAQ:PEBK) issued its quarterly earnings results on Monday. The bank reported $0.72 earnings per share for the quarter, reports. Peoples Bancorp of North Carolina had a return on equity of 13.85% and a net margin of 15.80%. The business had revenue of $20.64 million for the quarter.

Peoples Bancorp of North Carolina Stock Up 0.2 %

Peoples Bancorp of North Carolina stock opened at $25.28 on Wednesday. The business’s 50-day simple moving average is $26.83 and its two-hundred day simple moving average is $28.61. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market cap of $138.03 million, a PE ratio of 8.51 and a beta of 0.57. Peoples Bancorp of North Carolina has a fifty-two week low of $18.81 and a fifty-two week high of $32.37.

Peoples Bancorp of North Carolina Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Tuesday, September 3rd were given a dividend of $0.19 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $0.76 dividend on an annualized basis and a yield of 3.01%. Peoples Bancorp of North Carolina’s dividend payout ratio is currently 25.59%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Peoples Bancorp of North Carolina from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th.

Insider Transactions at Peoples Bancorp of North Carolina

In related news, Director James S. Abernethy sold 1,000 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $29.15, for a total value of $29,150.00. Following the transaction, the director now owns 80,086 shares in the company, valued at approximately $2,334,506.90. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director James S. Abernethy sold 2,500 shares of the business’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $28.73, for a total value of $71,825.00. Following the completion of the transaction, the director now owns 76,976 shares of the company’s stock, valued at $2,211,520.48. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director James S. Abernethy sold 1,000 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $29.15, for a total value of $29,150.00. Following the sale, the director now directly owns 80,086 shares in the company, valued at approximately $2,334,506.90. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,686 shares of company stock worth $395,507 over the last three months. 16.94% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Peoples Bancorp of North Carolina

Several hedge funds have recently bought and sold shares of PEBK. Empowered Funds LLC increased its holdings in shares of Peoples Bancorp of North Carolina by 7.7% during the 1st quarter. Empowered Funds LLC now owns 26,824 shares of the bank’s stock valued at $747,000 after purchasing an additional 1,925 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in Peoples Bancorp of North Carolina in the second quarter valued at $388,000. Rhumbline Advisers purchased a new position in Peoples Bancorp of North Carolina in the second quarter valued at $169,000. Dimensional Fund Advisors LP raised its position in shares of Peoples Bancorp of North Carolina by 0.5% in the second quarter. Dimensional Fund Advisors LP now owns 146,625 shares of the bank’s stock worth $4,281,000 after acquiring an additional 734 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in shares of Peoples Bancorp of North Carolina by 6.8% during the 2nd quarter. Renaissance Technologies LLC now owns 22,012 shares of the bank’s stock worth $643,000 after acquiring an additional 1,400 shares in the last quarter. Hedge funds and other 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.