Barclays PLC Boosts Stock Position in Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK)

Barclays PLC raised its holdings in Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) by 390.6% during the third quarter, Holdings Channel reports. The institutional investor owned 7,801 shares of the bank’s stock after buying an additional 6,211 shares during the period. Barclays PLC’s holdings in Peoples Bancorp of North Carolina were worth $198,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp acquired a new stake in shares of Peoples Bancorp of North Carolina during the 2nd quarter worth about $388,000. Rhumbline Advisers purchased a new position in Peoples Bancorp of North Carolina in the second quarter valued at approximately $169,000. Dimensional Fund Advisors LP raised its holdings in Peoples Bancorp of North Carolina by 0.5% during the second 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 in the last quarter. Renaissance Technologies LLC lifted its position in shares of Peoples Bancorp of North Carolina by 6.8% during the 2nd quarter. Renaissance Technologies LLC now owns 22,012 shares of the bank’s stock worth $643,000 after buying an additional 1,400 shares during the last quarter. Finally, Empowered Funds LLC boosted its holdings in shares of 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 buying an additional 1,474 shares in the last quarter. 43.83% of the stock is owned by hedge funds and other institutional investors.

Peoples Bancorp of North Carolina Price Performance

Shares of NASDAQ:PEBK opened at $30.82 on Tuesday. Peoples Bancorp of North Carolina, Inc. has a 12 month low of $23.74 and a 12 month high of $33.31. The firm has a market capitalization of $168.22 million, a P/E ratio of 10.45 and a beta of 0.62. 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 fifty day moving average price is $30.38 and its 200 day moving average price is $28.81.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last posted its earnings results on Monday, October 21st. The bank reported $0.72 EPS for the quarter. The business had revenue of $20.64 million for the quarter. Peoples Bancorp of North Carolina had a return on equity of 12.92% and a net margin of 15.27%.

Peoples Bancorp of North Carolina Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Tuesday, December 3rd were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 2.47%. The ex-dividend date of this dividend was Tuesday, December 3rd. Peoples Bancorp of North Carolina’s payout ratio is currently 25.76%.

Insider Transactions at Peoples Bancorp of North Carolina

In other news, Director James S. Abernethy sold 1,000 shares of the stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $25.57, for a total transaction of $25,570.00. Following the completion of the sale, the director now owns 75,976 shares in the company, valued at approximately $1,942,706.32. This represents a 1.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders have sold 3,500 shares of company stock worth $100,180. Insiders own 16.94% 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.