Insider Selling: Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) Director Sells $28,640.00 in 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 on Friday, November 8th. The stock was sold at an average price of $28.64, for a total transaction of $28,640.00. Following the sale, the director now owns 74,976 shares in the company, 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 filing with the SEC, which is accessible through this hyperlink.

Peoples Bancorp of North Carolina Price Performance

Shares of NASDAQ PEBK opened at $28.85 on Friday. The firm has a market capitalization of $157.52 million, a P/E ratio of 9.78 and a beta of 0.57. Peoples Bancorp of North Carolina, Inc. has a one year low of $23.74 and a one year high of $32.37. The company’s fifty day moving average is $26.22 and its two-hundred day moving average is $28.50. 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 (NASDAQ:PEBK) last released its quarterly earnings data 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 business had revenue of $20.64 million for the quarter.

Institutional Investors Weigh In On Peoples Bancorp of North Carolina

Several institutional investors and hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its position in shares of Peoples Bancorp of North Carolina by 0.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 146,625 shares of the bank’s stock worth $4,281,000 after buying an additional 734 shares in the last quarter. Empowered Funds LLC raised its stake in Peoples Bancorp of North Carolina by 5.1% in the 3rd quarter. Empowered Funds LLC now owns 30,278 shares of the bank’s stock valued at $769,000 after purchasing an additional 1,474 shares during the last quarter. Renaissance Technologies LLC raised its stake in Peoples Bancorp of North Carolina by 6.8% in the 2nd quarter. Renaissance Technologies LLC now owns 22,012 shares of the bank’s stock valued at $643,000 after purchasing an additional 1,400 shares during the last quarter. De Lisle Partners LLP acquired a new position in Peoples Bancorp of North Carolina in the 3rd quarter valued at about $545,000. Finally, Bank of New York Mellon Corp acquired a new position in Peoples Bancorp of North Carolina in the 2nd quarter valued at about $388,000. 43.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

About Peoples Bancorp of North Carolina

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.