Peoples Bancorp of North Carolina (NASDAQ:PEBK) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $28.90 and traded as high as $29.38. Peoples Bancorp of North Carolina shares last traded at $28.91, with a volume of 4,006 shares trading hands.

Peoples Bancorp of North Carolina Price Performance

The company has a 50 day simple moving average of $30.81 and a 200-day simple moving average of $28.90. The stock has a market cap of $157.79 million, a price-to-earnings ratio of 9.80 and a beta of 0.62. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.11.

Peoples Bancorp of North Carolina Announces Dividend

The business also recently announced a special dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Monday, February 3rd. Peoples Bancorp of North Carolina’s dividend payout ratio (DPR) is presently 25.76%.

Insider Activity

In other Peoples Bancorp of North Carolina news, Director James S. Abernethy sold 1,000 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $30.02, for a total transaction of $30,020.00. Following the completion of the transaction, the director now directly owns 73,976 shares of the company’s stock, valued at approximately $2,220,759.52. This trade represents a 1.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders sold 2,500 shares of company stock valued at $74,610. 16.94% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Peoples Bancorp of North Carolina

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its position in shares of 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 valued at $111,000 after acquiring an additional 576 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Peoples Bancorp of North Carolina by 0.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 146,625 shares of the bank’s stock valued at $4,281,000 after acquiring an additional 734 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of Peoples Bancorp of North Carolina by 6.8% during the 2nd quarter. Renaissance Technologies LLC now owns 22,012 shares of the bank’s stock valued at $643,000 after acquiring an additional 1,400 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of Peoples Bancorp of North Carolina by 5.1% in the third quarter. Empowered Funds LLC now owns 30,278 shares of the bank’s stock valued at $769,000 after purchasing an additional 1,474 shares in the last quarter. Finally, State Street Corp lifted its holdings in shares of Peoples Bancorp of North Carolina by 7.5% in the third quarter. State Street Corp now owns 54,510 shares of the bank’s stock valued at $1,384,000 after purchasing an additional 3,791 shares in the last quarter. 43.83% of the stock is owned by institutional investors.

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.