Peoples Bancorp of North Carolina (NASDAQ:PEBK) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

by · The Cerbat Gem

Shares of Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK – Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $36.36 and traded as high as $41.65. Peoples Bancorp of North Carolina shares last traded at $41.31, with a volume of 23,353 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Peoples Bancorp of North Carolina from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, April 24th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Peoples Bancorp of North Carolina has a consensus rating of “Buy”.

View Our Latest Analysis on PEBK

Peoples Bancorp of North Carolina Stock Up 0.3%

The company has a market capitalization of $225.55 million, a P/E ratio of 11.38 and a beta of 0.28. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.10. The firm has a fifty day simple moving average of $39.34 and a 200-day simple moving average of $36.36.

Peoples Bancorp of North Carolina (NASDAQ:PEBK – Get Free Report) last released its quarterly earnings data on Monday, April 20th. The bank reported $0.80 earnings per share for the quarter. Peoples Bancorp of North Carolina had a return on equity of 13.24% and a net margin of 17.22%.The business had revenue of $21.57 million for the quarter.

Peoples Bancorp of North Carolina Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Wednesday, March 4th were paid a $0.21 dividend. The ex-dividend date of this dividend was Wednesday, March 4th. This is an increase from Peoples Bancorp of North Carolina’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 2.0%. Peoples Bancorp of North Carolina’s payout ratio is presently 23.14%.

Insider Buying and Selling at Peoples Bancorp of North Carolina

In other news, Director James S. Abernethy sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $38.34, for a total value of $38,340.00. Following the completion of the transaction, the director owned 72,526 shares in the company, valued at $2,780,646.84. This represents a 1.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 3,323 shares of company stock valued at $129,232 in the last ninety days. 14.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Peoples Bancorp of North Carolina

Several institutional investors have recently added to or reduced their stakes in PEBK. Dimensional Fund Advisors LP raised its holdings in shares of Peoples Bancorp of North Carolina by 4.6% in the first quarter. Dimensional Fund Advisors LP now owns 167,283 shares of the bank’s stock valued at $6,551,000 after purchasing an additional 7,404 shares during the last quarter. Fourthstone LLC boosted its stake in shares of Peoples Bancorp of North Carolina by 104.4% during the 4th quarter. Fourthstone LLC now owns 154,533 shares of the bank’s stock worth $5,594,000 after buying an additional 78,921 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Peoples Bancorp of North Carolina by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 109,442 shares of the bank’s stock worth $3,962,000 after buying an additional 886 shares during the last quarter. Maltese Capital Management LLC grew its holdings in shares of Peoples Bancorp of North Carolina by 1.2% in the 4th quarter. Maltese Capital Management LLC now owns 49,958 shares of the bank’s stock valued at $1,808,000 after acquiring an additional 612 shares in the last quarter. Finally, Empowered Funds LLC grew its holdings in shares of Peoples Bancorp of North Carolina by 7.1% in the 1st quarter. Empowered Funds LLC now owns 34,009 shares of the bank’s stock valued at $926,000 after acquiring an additional 2,244 shares in the last quarter. 43.83% of the stock is owned by institutional investors.

About Peoples Bancorp of North Carolina

(Get Free Report)

Peoples Bancorp of North Carolina, Inc is a bank holding company headquartered in Hickory, North Carolina, that operates through its wholly owned subsidiary, Peoples Bank. The company provides a comprehensive suite of banking and financial services tailored to individuals, small businesses, and municipal clients in the western region of North Carolina.

Through its community banking network, Peoples Bancorp offers deposit products such as checking, savings, money market accounts and certificates of deposit, alongside consumer and commercial lending solutions.

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