Peoples Bancorp of North Carolina (NASDAQ:PEBK) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $28.62 and traded as high as $32.42. Peoples Bancorp of North Carolina shares last traded at $32.01, with a volume of 11,086 shares traded.

Peoples Bancorp of North Carolina Price Performance

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 fifty day moving average price of $28.28 and a two-hundred day moving average price of $28.62. The firm has a market cap of $174.77 million, a P/E ratio of 10.85 and a beta of 0.63.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last released its quarterly earnings results on Monday, October 21st. The bank reported $0.72 earnings per share for the quarter. Peoples Bancorp of North Carolina had a net margin of 15.27% and a return on equity of 12.92%. The company had revenue of $20.64 million during the quarter.

Peoples Bancorp of North Carolina Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Tuesday, December 3rd were issued a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.37%. Peoples Bancorp of North Carolina’s dividend payout ratio (DPR) is 25.76%.

Insider Transactions at Peoples Bancorp of North Carolina

In other news, Director James S. Abernethy sold 1,000 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $28.64, for a total value of $28,640.00. Following the sale, the director now owns 74,976 shares of the company’s stock, valued at $2,147,312.64. The trade was a 1.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders sold 3,500 shares of company stock valued at $100,180 over the last three months. Company insiders own 16.94% of the company’s stock.

Institutional Investors Weigh In On Peoples Bancorp of North Carolina

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PEBK. Rhumbline Advisers bought a new position in shares of Peoples Bancorp of North Carolina in the 2nd quarter valued at about $169,000. Barclays PLC grew its stake in Peoples Bancorp of North Carolina by 390.6% in the third quarter. Barclays PLC now owns 7,801 shares of the bank’s stock valued at $198,000 after purchasing an additional 6,211 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of Peoples Bancorp of North Carolina by 985.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 8,000 shares of the bank’s stock worth $203,000 after purchasing an additional 7,263 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Peoples Bancorp of North Carolina during the 2nd quarter worth approximately $388,000. Finally, De Lisle Partners LLP acquired a new stake in shares of Peoples Bancorp of North Carolina in the 3rd quarter valued at approximately $545,000. 43.83% of the stock is currently owned by institutional investors and hedge funds.

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.