James S. Abernethy Sells 1,000 Shares of Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) Stock

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) Director James S. Abernethy sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $30.02, for a total transaction of $30,020.00. Following the completion of the transaction, the director now owns 73,976 shares in the company, valued at $2,220,759.52. This represents a 1.33 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Peoples Bancorp of North Carolina Trading Down 0.1 %

Shares of PEBK opened at $31.40 on Wednesday. The stock has a market capitalization of $171.38 million, a P/E ratio of 10.64 and a beta of 0.57. Peoples Bancorp of North Carolina, Inc. has a twelve month low of $23.74 and a twelve month high of $32.37. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.11. The firm has a fifty day simple moving average of $26.73 and a two-hundred day simple moving average of $28.45.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last posted its 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 firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Tuesday, December 3rd will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $0.76 annualized dividend and a dividend yield of 2.42%. Peoples Bancorp of North Carolina’s dividend payout ratio (DPR) is presently 25.76%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Rhumbline Advisers purchased a new position in shares of Peoples Bancorp of North Carolina during the second quarter valued at about $169,000. Barclays PLC grew its position in shares of 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 period. BNP Paribas Financial Markets lifted its position in 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 valued at $203,000 after acquiring an additional 7,263 shares during the period. Bank of New York Mellon Corp bought a new position in shares of Peoples Bancorp of North Carolina during the second quarter valued at approximately $388,000. Finally, De Lisle Partners LLP bought a new position in Peoples Bancorp of North Carolina during the 3rd quarter valued at approximately $545,000. 43.83% of the stock is owned by hedge funds and other institutional investors.

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.