Empowered Funds LLC Purchases 1,487 Shares of Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK)

Empowered Funds LLC lifted its holdings in Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) by 4.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,765 shares of the bank’s stock after acquiring an additional 1,487 shares during the quarter. Empowered Funds LLC owned approximately 0.58% of Peoples Bancorp of North Carolina worth $993,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of PEBK. JPMorgan Chase & Co. raised its position in Peoples Bancorp of North Carolina by 15.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,366 shares of the bank’s stock valued at $111,000 after purchasing an additional 576 shares during the last quarter. Barclays PLC raised its holdings in shares of Peoples Bancorp of North Carolina by 390.6% in the third quarter. Barclays PLC now owns 7,801 shares of the bank’s stock valued at $198,000 after buying an additional 6,211 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Peoples Bancorp of North Carolina by 985.5% in the third quarter. BNP Paribas Financial Markets now owns 8,000 shares of the bank’s stock valued at $203,000 after buying an additional 7,263 shares during the last quarter. De Lisle Partners LLP acquired a new position in Peoples Bancorp of North Carolina during the 3rd quarter worth about $545,000. Finally, State Street Corp grew its holdings in Peoples Bancorp of North Carolina by 7.5% during the 3rd quarter. State Street Corp now owns 54,510 shares of the bank’s stock worth $1,384,000 after acquiring an additional 3,791 shares during the last quarter. 43.83% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Peoples Bancorp of North Carolina from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th.

Insider Activity at Peoples Bancorp of North Carolina

In related news, Director James S. Abernethy sold 1,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $30.02, for a total value of $30,020.00. Following the completion of the sale, the director now owns 73,976 shares in the company, valued at approximately $2,220,759.52. This represents a 1.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 16.94% of the stock is currently owned by company insiders.

Peoples Bancorp of North Carolina Stock Down 0.3 %

Shares of PEBK opened at $30.16 on Tuesday. The business’s fifty day moving average price is $30.34 and its two-hundred day moving average price is $28.72. The firm has a market capitalization of $164.67 million, a price-to-earnings ratio of 10.22 and a beta of 0.60. Peoples Bancorp of North Carolina, Inc. has a 52 week low of $23.74 and a 52 week high of $33.31. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.81 and a current ratio of 0.81.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last announced its quarterly earnings data on Wednesday, February 12th. The bank reported $0.65 EPS for the quarter. Peoples Bancorp of North Carolina had a return on equity of 12.92% and a net margin of 15.27%.

Peoples Bancorp of North Carolina Dividend Announcement

The firm also recently declared a special dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Monday, February 3rd. Peoples Bancorp of North Carolina’s dividend payout ratio (DPR) is 25.76%.

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.