Rhumbline Advisers Buys New Shares in Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK)

Rhumbline Advisers purchased a new position in shares of Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) in the second quarter, HoldingsChannel reports. The fund purchased 5,778 shares of the bank’s stock, valued at approximately $169,000.

Separately, Bank of New York Mellon Corp purchased a new position in shares of Peoples Bancorp of North Carolina in the second quarter worth about $388,000. Institutional investors own 43.83% of the company’s stock.

Insiders Place Their Bets

In related news, Director Kim Boyd-Leaks sold 8,686 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $28.91, for a total value of $251,112.26. Following the completion of the transaction, the director now directly owns 1,022 shares in the company, valued at approximately $29,546.02. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Kim Boyd-Leaks sold 8,686 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $28.91, for a total transaction of $251,112.26. Following the sale, the director now directly owns 1,022 shares in the company, valued at approximately $29,546.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James S. Abernethy sold 2,500 shares of the company’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $28.73, for a total value of $71,825.00. Following the completion of the transaction, the director now directly owns 76,976 shares of the company’s stock, valued at approximately $2,211,520.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,686 shares of company stock worth $395,507. Corporate insiders own 16.94% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Peoples Bancorp of North Carolina Trading Down 1.5 %

Shares of Peoples Bancorp of North Carolina stock opened at $25.52 on Monday. The stock has a market cap of $139.34 million, a PE ratio of 8.71 and a beta of 0.58. The firm has a fifty day moving average price of $28.74 and a 200 day moving average price of $28.96. Peoples Bancorp of North Carolina, Inc. has a 1 year low of $18.81 and a 1 year high of $32.37. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.81 and a quick ratio of 0.81.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last released its quarterly earnings data on Monday, July 22nd. The bank reported $0.89 earnings per share for the quarter. Peoples Bancorp of North Carolina had a return on equity of 13.85% and a net margin of 15.80%. The business had revenue of $20.94 million during the quarter.

Peoples Bancorp of North Carolina Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Tuesday, September 3rd were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date of this dividend was Tuesday, September 3rd. Peoples Bancorp of North Carolina’s payout ratio is presently 25.94%.

Peoples Bancorp of North Carolina 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.