James S. Abernethy Sells 1,000 Shares of Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) Stock

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) Director James S. Abernethy sold 1,000 shares of the stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $29.02, for a total value of $29,020.00. Following the completion of the transaction, the director now directly owns 40,900 shares in the company, valued at approximately $1,186,918. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Peoples Bancorp of North Carolina Stock Down 1.7 %

Shares of Peoples Bancorp of North Carolina stock opened at $28.39 on Thursday. Peoples Bancorp of North Carolina, Inc. has a 1 year low of $18.81 and a 1 year high of $32.37. The business has a 50-day moving average of $29.53 and a two-hundred day moving average of $28.91. The company has a market capitalization of $155.01 million, a P/E ratio of 9.69 and a beta of 0.58. 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 announced its quarterly earnings results on Monday, July 22nd. The bank reported $0.89 earnings per share (EPS) for the quarter. Peoples Bancorp of North Carolina had a return on equity of 13.85% and a net margin of 15.80%. The company had revenue of $20.94 million during the quarter.

Peoples Bancorp of North Carolina Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Tuesday, September 3rd will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.68%. Peoples Bancorp of North Carolina’s payout ratio is presently 25.94%.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC grew its holdings in shares of Peoples Bancorp of North Carolina by 6.8% during the second quarter. Renaissance Technologies LLC now owns 22,012 shares of the bank’s stock worth $643,000 after buying an additional 1,400 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of 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 buying an additional 734 shares in the last quarter. Rhumbline Advisers bought a new position in shares of Peoples Bancorp of North Carolina during the second quarter worth about $169,000. Bank of New York Mellon Corp bought a new position in shares of Peoples Bancorp of North Carolina during the second quarter worth about $388,000. Finally, Empowered Funds LLC grew its holdings in shares of Peoples Bancorp of North Carolina by 7.7% during the first quarter. Empowered Funds LLC now owns 26,824 shares of the bank’s stock worth $747,000 after buying an additional 1,925 shares in the last quarter. 43.83% of the stock is currently 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.