Peoples Bancorp of North Carolina (NASDAQ:PEBK) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $28.62 and traded as high as $32.42. Peoples Bancorp of North Carolina shares last traded at $32.01, with a volume of 11,086 shares changing hands.

Peoples Bancorp of North Carolina Price Performance

The firm has a market capitalization of $174.77 million, a PE ratio of 10.85 and a beta of 0.63. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a fifty day moving average price of $28.28 and a 200-day moving average price of $28.61.

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

Peoples Bancorp of North Carolina Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Tuesday, December 3rd were issued 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 2.37%. Peoples Bancorp of North Carolina’s dividend payout ratio is presently 25.76%.

Insider Buying and Selling

In other Peoples Bancorp of North Carolina news, Director James S. Abernethy sold 1,000 shares of the firm’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $25.57, for a total value of $25,570.00. Following the completion of the transaction, the director now owns 75,976 shares of the company’s stock, valued at approximately $1,942,706.32. This trade represents a 1.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have sold a total of 3,500 shares of company stock worth $100,180 in the last ninety days. 16.94% of the stock is owned by insiders.

Hedge Funds Weigh In On Peoples Bancorp of North Carolina

Hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP increased 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 worth $4,281,000 after buying an additional 734 shares during the period. Renaissance Technologies LLC boosted its holdings 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 last quarter. Empowered Funds LLC increased its stake 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 worth $769,000 after acquiring an additional 1,474 shares during the period. State Street Corp raised its holdings in shares of Peoples Bancorp of North Carolina by 7.5% during the third quarter. State Street Corp now owns 54,510 shares of the bank’s stock worth $1,384,000 after purchasing an additional 3,791 shares during the last quarter. Finally, Rhumbline Advisers purchased a new position in shares of Peoples Bancorp of North Carolina during the second quarter worth $169,000. 43.83% of the stock is owned by institutional investors and hedge funds.

Peoples Bancorp of North Carolina Company 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.