Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) Shares Bought by State Street Corp

State Street Corp grew its holdings in Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) by 7.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 54,510 shares of the bank’s stock after purchasing an additional 3,791 shares during the period. State Street Corp owned approximately 1.00% of Peoples Bancorp of North Carolina worth $1,384,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of PEBK. Dimensional Fund Advisors LP raised its holdings 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 buying an additional 734 shares during the period. Renaissance Technologies LLC raised its stake in shares of 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 acquiring an additional 1,400 shares during the period. Empowered Funds LLC raised its stake in shares of Peoples Bancorp of North Carolina by 5.1% in the 3rd quarter. Empowered Funds LLC now owns 30,278 shares of the bank’s stock valued at $769,000 after acquiring an additional 1,474 shares during the period. Rhumbline Advisers acquired a new position in shares of Peoples Bancorp of North Carolina in the 2nd quarter worth approximately $169,000. Finally, BNP Paribas Financial Markets boosted its position in shares of Peoples Bancorp of North Carolina by 985.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 8,000 shares of the bank’s stock worth $203,000 after purchasing an additional 7,263 shares during the period. 43.83% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

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 Friday, November 8th. The shares were sold at an average price of $28.64, for a total transaction of $28,640.00. Following the sale, the director now directly owns 74,976 shares in the company, valued at $2,147,312.64. This represents a 1.32 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last quarter, insiders sold 3,500 shares of company stock valued at $100,180. 17.44% of the stock is currently owned by company insiders.

Peoples Bancorp of North Carolina Stock Down 0.8 %

Shares of NASDAQ PEBK opened at $31.01 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.11. The business’s 50 day moving average is $30.17 and its two-hundred day moving average is $28.80. Peoples Bancorp of North Carolina, Inc. has a 52-week low of $23.74 and a 52-week high of $33.31. The firm has a market cap of $169.25 million, a price-to-earnings ratio of 10.51 and a beta of 0.62.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last posted its quarterly earnings data on Monday, October 21st. The bank reported $0.72 earnings per share (EPS) for the quarter. Peoples Bancorp of North Carolina had a return on equity of 12.92% and a net margin of 15.27%. The firm had revenue of $20.64 million for the quarter.

Peoples Bancorp of North Carolina Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Tuesday, December 3rd were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $0.76 annualized dividend and a dividend yield of 2.45%. Peoples Bancorp of North Carolina’s dividend payout ratio is presently 25.76%.

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.