Peoples Bancorp of North Carolina (NASDAQ:PEBK) Cut to Hold at StockNews.com

Peoples Bancorp of North Carolina (NASDAQ:PEBK) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

Peoples Bancorp of North Carolina Trading Down 0.3 %

Shares of NASDAQ:PEBK traded down $0.08 during trading on Tuesday, reaching $26.84. The company’s stock had a trading volume of 8,083 shares, compared to its average volume of 10,222. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $146.49 million, a PE ratio of 9.01 and a beta of 0.60. Peoples Bancorp of North Carolina has a 12 month low of $23.74 and a 12 month high of $33.31. The firm’s 50 day simple moving average is $29.83 and its two-hundred day simple moving average is $28.66.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last announced its quarterly earnings data on Wednesday, February 12th. The bank reported $0.65 earnings per share (EPS) for the quarter. Peoples Bancorp of North Carolina had a net margin of 15.08% and a return on equity of 12.85%.

Institutional Trading of Peoples Bancorp of North Carolina

Several institutional investors have recently added to or reduced their stakes in PEBK. Wellington Management Group LLP raised its stake in shares of Peoples Bancorp of North Carolina by 606.4% during the fourth quarter. Wellington Management Group LLP now owns 426,893 shares of the bank’s stock valued at $13,340,000 after acquiring an additional 366,459 shares in the last quarter. Fourthstone LLC raised its stake in shares of Peoples Bancorp of North Carolina by 203.6% during the fourth quarter. Fourthstone LLC now owns 61,243 shares of the bank’s stock valued at $1,914,000 after acquiring an additional 41,069 shares in the last quarter. State Street Corp raised its stake 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 valued at $1,384,000 after acquiring an additional 3,791 shares in the last quarter. Northern Trust Corp raised its stake in shares of Peoples Bancorp of North Carolina by 3.2% during the fourth quarter. Northern Trust Corp now owns 39,911 shares of the bank’s stock valued at $1,247,000 after acquiring an additional 1,233 shares in the last quarter. Finally, Empowered Funds LLC raised its stake in shares of Peoples Bancorp of North Carolina by 4.9% during the fourth quarter. Empowered Funds LLC now owns 31,765 shares of the bank’s stock valued at $993,000 after acquiring an additional 1,487 shares in the last quarter. Institutional investors own 43.83% 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.