AMG National Trust Bank Lowers Stake in Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK)

AMG National Trust Bank lowered its holdings in shares of Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) by 6.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 34,745 shares of the bank’s stock after selling 2,500 shares during the period. AMG National Trust Bank’s holdings in Peoples Bancorp of North Carolina were worth $882,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of PEBK. Rhumbline Advisers bought a new stake in shares of Peoples Bancorp of North Carolina in the 2nd quarter worth approximately $169,000. Bank of New York Mellon Corp bought a new stake in Peoples Bancorp of North Carolina in the second quarter worth $388,000. Renaissance Technologies LLC grew its stake in shares of Peoples Bancorp of North Carolina by 6.8% in the second quarter. Renaissance Technologies LLC now owns 22,012 shares of the bank’s stock worth $643,000 after acquiring an additional 1,400 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of Peoples Bancorp of North Carolina by 5.1% during the third 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 in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of 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 worth $4,281,000 after purchasing an additional 734 shares during the last quarter. Hedge funds and other institutional investors own 43.83% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered 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 Price Performance

Shares of NASDAQ PEBK opened at $29.62 on Wednesday. The firm has a market cap of $161.73 million, a P/E ratio of 10.04 and a beta of 0.57. Peoples Bancorp of North Carolina, Inc. has a twelve month low of $23.74 and a twelve month high of $32.37. 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 company has a 50 day moving average of $26.38 and a 200 day moving average of $28.45.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last posted its quarterly earnings results on Monday, October 21st. The bank reported $0.72 earnings per share 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 during the quarter.

Insider Buying and Selling 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 that occurred on Monday, August 26th. The shares were sold at an average price of $29.15, for a total value of $29,150.00. Following the completion of the sale, the director now owns 80,086 shares of the company’s stock, valued at approximately $2,334,506.90. The trade was a 1.23 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders have sold 6,500 shares of company stock worth $184,205. Company insiders own 17.44% of the company’s stock.

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.