Peoples Bancorp of North Carolina (NASDAQ:PEBK) Shares Cross Below Two Hundred Day Moving Average of $28.97

Shares of Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $28.97 and traded as low as $27.57. Peoples Bancorp of North Carolina shares last traded at $28.13, with a volume of 83,587 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com cut 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 Trading Down 1.4 %

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 company has a market capitalization of $153.59 million, a price-to-earnings ratio of 9.60 and a beta of 0.58. The business’s 50-day simple moving average is $29.22 and its 200-day simple moving average is $28.97.

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 for the quarter. The business had revenue of $20.94 million for the quarter. Peoples Bancorp of North Carolina had a net margin of 15.80% and a return on equity of 13.85%.

Peoples Bancorp of North Carolina Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors 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 2.70%. Peoples Bancorp of North Carolina’s dividend payout ratio is 25.94%.

Insider Activity at Peoples Bancorp of North Carolina

In related 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 completion of the sale, the director now directly owns 80,086 shares of the company’s stock, valued at approximately $2,334,506.90. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Kim Boyd-Leaks sold 8,686 shares of the stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $28.91, for a total transaction of $251,112.26. Following the completion of the sale, the director now directly owns 1,022 shares of the company’s stock, valued at approximately $29,546.02. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 value of $29,150.00. Following the sale, the director now directly owns 80,086 shares of the company’s stock, valued at $2,334,506.90. The disclosure for this sale can be found here. Insiders have sold 13,686 shares of company stock worth $395,507 in the last ninety days. Company insiders own 16.94% of the company’s stock.

Hedge Funds Weigh In On Peoples Bancorp of North Carolina

Hedge funds have recently made changes to their positions in the business. Rhumbline Advisers bought a new position in shares of Peoples Bancorp of North Carolina during the 2nd quarter worth approximately $169,000. Bank of New York Mellon Corp bought a new position in shares of Peoples Bancorp of North Carolina during the 2nd quarter worth approximately $388,000. Renaissance Technologies LLC grew its stake 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 worth $643,000 after acquiring an additional 1,400 shares in the last quarter. Empowered Funds LLC grew its stake in shares of 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 acquiring an additional 1,925 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake 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 worth $4,281,000 after acquiring an additional 734 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.