Peoples Bancorp of North Carolina (NASDAQ:PEBK) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $28.58 and traded as low as $25.00. Peoples Bancorp of North Carolina shares last traded at $25.34, with a volume of 9,194 shares.

Wall Street Analyst Weigh In

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

Peoples Bancorp of North Carolina Stock Performance

The firm has a fifty day moving average of $26.77 and a 200 day moving average of $28.58. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market capitalization of $138.36 million, a price-to-earnings ratio of 8.53 and a beta of 0.57.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last issued its quarterly earnings data on Monday, October 21st. The bank reported $0.72 EPS for the quarter. Peoples Bancorp of North Carolina had a net margin of 15.80% and a return on equity of 13.85%. The business had revenue of $20.64 million for the quarter.

Peoples Bancorp of North Carolina Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Tuesday, September 3rd were given a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.00%. Peoples Bancorp of North Carolina’s dividend payout ratio (DPR) is currently 25.59%.

Insider Transactions at Peoples Bancorp of North Carolina

In related news, Director James S. Abernethy sold 2,500 shares of Peoples Bancorp of North Carolina 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 owns 76,976 shares in the company, valued at $2,211,520.48. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Peoples Bancorp of North Carolina news, Director James S. Abernethy sold 1,000 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $29.15, for a total transaction of $29,150.00. Following the completion of the transaction, the director now directly owns 80,086 shares in the company, valued at approximately $2,334,506.90. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director James S. Abernethy sold 2,500 shares of Peoples Bancorp of North Carolina stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $28.73, for a total transaction of $71,825.00. Following the completion of the sale, the director now owns 76,976 shares in the company, valued at approximately $2,211,520.48. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,686 shares of company stock valued at $395,507 in the last ninety days. 16.94% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Empowered Funds LLC increased its stake in Peoples Bancorp of North Carolina by 7.7% during the 1st 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. Rhumbline Advisers acquired a new stake in shares of Peoples Bancorp of North Carolina in the second quarter worth approximately $169,000. Bank of New York Mellon Corp purchased a new stake in shares of Peoples Bancorp of North Carolina during the second quarter worth approximately $388,000. Dimensional Fund Advisors LP raised its stake in Peoples Bancorp of North Carolina by 0.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 146,625 shares of the bank’s stock valued at $4,281,000 after purchasing an additional 734 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in Peoples Bancorp of North Carolina by 6.8% in the 2nd quarter. Renaissance Technologies LLC now owns 22,012 shares of the bank’s stock valued at $643,000 after purchasing an additional 1,400 shares in the last quarter. Institutional investors and hedge funds 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.