Renaissance Technologies LLC Has $643,000 Holdings in Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK)

Renaissance Technologies LLC lifted its stake in shares of Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) by 6.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,012 shares of the bank’s stock after acquiring an additional 1,400 shares during the period. Renaissance Technologies LLC owned approximately 0.42% of Peoples Bancorp of North Carolina worth $643,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Rhumbline Advisers bought a new stake in Peoples Bancorp of North Carolina during the 2nd quarter worth about $169,000. Bank of New York Mellon Corp bought a new stake in Peoples Bancorp of North Carolina during the second quarter worth about $388,000. Empowered Funds LLC boosted its position in 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 valued at $747,000 after purchasing an additional 1,925 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Peoples Bancorp of North Carolina by 0.5% in the second 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 in the last quarter. 43.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Peoples Bancorp of North Carolina

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

Peoples Bancorp of North Carolina Stock Up 0.7 %

PEBK opened at $24.00 on Wednesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a fifty day moving average of $27.70 and a 200-day moving average of $28.80. Peoples Bancorp of North Carolina, Inc. has a fifty-two week low of $18.81 and a fifty-two week high of $32.37. The company has a market capitalization of $126.98 million, a P/E ratio of 8.19 and a beta of 0.57.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last released its 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 for the quarter.

Peoples Bancorp of North Carolina Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Tuesday, September 3rd were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 3.17%. The ex-dividend date was Tuesday, September 3rd. Peoples Bancorp of North Carolina’s dividend payout ratio is currently 25.94%.

Analysts Set New Price Targets

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

Peoples Bancorp of North Carolina 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.