Peoples Bancorp of North Carolina (NASDAQ:PEBK) Downgraded by StockNews.com to Hold

Peoples Bancorp of North Carolina (NASDAQ:PEBK) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

Peoples Bancorp of North Carolina Trading Down 4.7 %

Peoples Bancorp of North Carolina stock opened at $27.41 on Friday. Peoples Bancorp of North Carolina has a 12-month low of $23.74 and a 12-month high of $33.31. The firm has a market capitalization of $149.55 million, a price-to-earnings ratio of 9.20 and a beta of 0.60. The firm has a 50 day moving average of $28.12 and a 200 day moving average of $28.41. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.11.

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

Institutional Trading of Peoples Bancorp of North Carolina

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wellington Management Group LLP boosted its stake in Peoples Bancorp of North Carolina by 606.4% in the 4th quarter. Wellington Management Group LLP now owns 426,893 shares of the bank’s stock worth $13,340,000 after purchasing an additional 366,459 shares during the period. Fourthstone LLC lifted its holdings in shares of Peoples Bancorp of North Carolina by 203.6% in the fourth quarter. Fourthstone LLC now owns 61,243 shares of the bank’s stock worth $1,914,000 after buying an additional 41,069 shares in 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 $296,000. Nuveen Asset Management LLC bought a new position in shares of Peoples Bancorp of North Carolina during the fourth quarter worth $277,000. Finally, BNP Paribas Financial Markets grew its stake in Peoples Bancorp of North Carolina by 985.5% during the third quarter. BNP Paribas Financial Markets now owns 8,000 shares of the bank’s stock valued at $203,000 after acquiring an additional 7,263 shares in the last quarter. Institutional investors 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.