Peoples Bancorp of North Carolina (NASDAQ:PEBK) Rating Increased to Buy at StockNews.com

Peoples Bancorp of North Carolina (NASDAQ:PEBK) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Friday.

Peoples Bancorp of North Carolina Stock Down 0.9 %

Shares of PEBK opened at $27.42 on Friday. Peoples Bancorp of North Carolina has a 52 week low of $23.74 and a 52 week high of $33.31. The stock has a market capitalization of $149.60 million, a price-to-earnings ratio of 9.20 and a beta of 0.60. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a fifty day moving average of $28.31 and a 200-day moving average of $28.40.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last announced its earnings results on Wednesday, February 12th. The bank reported $0.65 earnings per share (EPS) for the quarter. Peoples Bancorp of North Carolina had a return on equity of 12.85% and a net margin of 15.08%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Barclays PLC raised its position in Peoples Bancorp of North Carolina by 390.6% during the 3rd quarter. Barclays PLC now owns 7,801 shares of the bank’s stock worth $198,000 after purchasing an additional 6,211 shares during the last quarter. State Street Corp raised its position in Peoples Bancorp of North Carolina by 7.5% during the 3rd quarter. State Street Corp now owns 54,510 shares of the bank’s stock worth $1,384,000 after purchasing an additional 3,791 shares during the last quarter. BNP Paribas Financial Markets grew its holdings 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 worth $203,000 after acquiring an additional 7,263 shares during the period. JPMorgan Chase & Co. grew its holdings in Peoples Bancorp of North Carolina by 15.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,366 shares of the bank’s stock worth $111,000 after acquiring an additional 576 shares during the period. Finally, De Lisle Partners LLP acquired a new stake in Peoples Bancorp of North Carolina during the 3rd quarter worth about $545,000. 43.83% of the stock is owned by 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.