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 that occurred on Friday, November 22nd. The shares were sold at an average price of $30.02, for a total value of $30,020.00. Following the completion of the transaction, the director now directly owns 73,976 shares in the company, valued at approximately $2,220,759.52. The trade was a 1.33 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Peoples Bancorp of North Carolina Stock Performance

PEBK traded down $0.04 during trading on Monday, hitting $31.43. The stock had a trading volume of 63,615 shares, compared to its average volume of 18,691. The firm has a market capitalization of $171.61 million, a P/E ratio of 10.67 and a beta of 0.57. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.81 and a current ratio of 0.81. Peoples Bancorp of North Carolina, Inc. has a twelve month low of $23.74 and a twelve month high of $32.37. The company’s 50-day moving average price is $26.64 and its 200 day moving average price is $28.45.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last issued its earnings results on Monday, October 21st. The bank reported $0.72 EPS 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 for the quarter.

Institutional Investors Weigh In On Peoples Bancorp of North Carolina

Institutional investors have recently modified their holdings of the company. Rhumbline Advisers purchased a new stake in Peoples Bancorp of North Carolina in the 2nd quarter worth approximately $169,000. Barclays PLC boosted its stake in Peoples Bancorp of North Carolina by 390.6% in the 3rd quarter. Barclays PLC now owns 7,801 shares of the bank’s stock worth $198,000 after buying an additional 6,211 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in Peoples Bancorp of North Carolina by 985.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 8,000 shares of the bank’s stock valued at $203,000 after buying an additional 7,263 shares during the period. Bank of New York Mellon Corp purchased a new position in shares of Peoples Bancorp of North Carolina during the 2nd quarter worth about $388,000. Finally, De Lisle Partners LLP purchased a new stake in Peoples Bancorp of North Carolina in the third quarter valued at approximately $545,000. 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.