Peoples Bancorp of North Carolina (NASDAQ:PEBK) Shares Cross Below Two Hundred Day Moving Average – Time to Sell?

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $28.77 and traded as low as $28.43. Peoples Bancorp of North Carolina shares last traded at $30.00, with a volume of 5,685 shares traded.

Peoples Bancorp of North Carolina Price Performance

The stock has a market capitalization of $163.74 million, a P/E ratio of 10.17 and a beta of 0.60. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.81 and a quick ratio of 0.81. The company’s 50-day simple moving average is $30.48 and its 200-day simple moving average is $28.77.

Peoples Bancorp of North Carolina Announces Dividend

The company also recently announced a special dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be paid a $0.16 dividend. The ex-dividend date of this dividend is Monday, February 3rd. Peoples Bancorp of North Carolina’s dividend payout ratio (DPR) is currently 25.76%.

Insider Buying and Selling

In other Peoples Bancorp of North Carolina news, Director James S. Abernethy sold 1,000 shares of the firm’s stock in a transaction 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 sale, the director now owns 73,976 shares of the company’s stock, valued at $2,220,759.52. This trade represents a 1.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 16.94% of the stock is currently owned by corporate insiders.

Institutional Trading of Peoples Bancorp of North Carolina

Hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. grew its stake in Peoples Bancorp of North Carolina by 15.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,366 shares of the bank’s stock valued at $111,000 after buying an additional 576 shares during the last quarter. Barclays PLC boosted its holdings in shares of Peoples Bancorp of North Carolina by 390.6% during the third quarter. Barclays PLC now owns 7,801 shares of the bank’s stock worth $198,000 after acquiring an additional 6,211 shares during the period. BNP Paribas Financial Markets grew its position in shares of Peoples Bancorp of North Carolina by 985.5% in the third quarter. BNP Paribas Financial Markets now owns 8,000 shares of the bank’s stock valued at $203,000 after purchasing an additional 7,263 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in shares of Peoples Bancorp of North Carolina during the fourth quarter worth approximately $296,000. Finally, De Lisle Partners LLP acquired a new stake in Peoples Bancorp of North Carolina during the 3rd quarter worth approximately $545,000. Institutional investors and hedge funds own 43.83% of the company’s stock.

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.