Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) Director James S. Abernethy Sells 500 Shares

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) Director James S. Abernethy sold 500 shares of the business’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $31.90, for a total value of $15,950.00. Following the transaction, the director now directly owns 73,476 shares in the company, valued at $2,343,884.40. This trade represents a 0.68 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Peoples Bancorp of North Carolina Price Performance

NASDAQ PEBK opened at $31.73 on Friday. The business’s fifty day simple moving average is $27.44 and its 200-day simple moving average is $28.54. 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 market cap of $173.25 million, a PE ratio of 10.76 and a beta of 0.63. Peoples Bancorp of North Carolina, Inc. has a 52 week low of $23.74 and a 52 week high of $32.43.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last released its quarterly earnings data on Monday, October 21st. The bank reported $0.72 earnings per share (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 firm had revenue of $20.64 million during the quarter.

Peoples Bancorp of North Carolina Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Tuesday, December 3rd will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.40%. Peoples Bancorp of North Carolina’s dividend payout ratio is currently 25.76%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. De Lisle Partners LLP purchased a new position in Peoples Bancorp of North Carolina in the third quarter worth approximately $545,000. Rhumbline Advisers acquired a new position in shares of Peoples Bancorp of North Carolina in the 2nd quarter valued at $169,000. Bank of New York Mellon Corp acquired a new position in shares of Peoples Bancorp of North Carolina in the 2nd quarter valued at $388,000. Dimensional Fund Advisors LP grew its holdings in shares of Peoples Bancorp of North Carolina by 0.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 146,625 shares of the bank’s stock worth $4,281,000 after purchasing an additional 734 shares during the period. Finally, Empowered Funds LLC increased its position in shares of Peoples Bancorp of North Carolina by 5.1% during the 3rd quarter. Empowered Funds LLC now owns 30,278 shares of the bank’s stock worth $769,000 after purchasing an additional 1,474 shares during the last quarter. 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.