Peoples Bancorp of North Carolina (NASDAQ:PEBK) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of Peoples Bancorp of North Carolina (NASDAQ:PEBKGet Rating) in a research report issued to clients and investors on Sunday. The firm set a “buy” rating on the bank’s stock.

Peoples Bancorp of North Carolina stock opened at $26.16 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.80 and a quick ratio of 0.80. Peoples Bancorp of North Carolina has a 1-year low of $24.50 and a 1-year high of $30.00. The company has a market cap of $147.96 million, a PE ratio of 10.34 and a beta of 0.76. The stock’s 50 day moving average price is $27.69 and its 200 day moving average price is $28.02.

In other Peoples Bancorp of North Carolina news, COO William D. Cable sold 7,700 shares of the business’s stock in a transaction on Tuesday, May 17th. The stock was sold at an average price of $26.05, for a total transaction of $200,585.00. Following the sale, the chief operating officer now directly owns 19,914 shares in the company, valued at $518,759.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director James S. Abernethy sold 4,000 shares of the business’s stock in a transaction on Friday, May 20th. The stock was sold at an average price of $26.35, for a total value of $105,400.00. Following the sale, the director now owns 46,820 shares in the company, valued at $1,233,707. The disclosure for this sale can be found here. 18.61% of the stock is owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Salem Investment Counselors Inc. boosted its position in Peoples Bancorp of North Carolina by 100.0% during the fourth quarter. Salem Investment Counselors Inc. now owns 2,200 shares of the bank’s stock worth $61,000 after purchasing an additional 1,100 shares in the last quarter. State Street Corp raised its holdings in shares of Peoples Bancorp of North Carolina by 6.2% in the first quarter. State Street Corp now owns 12,327 shares of the bank’s stock worth $354,000 after acquiring an additional 724 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Peoples Bancorp of North Carolina by 4.7% in the fourth quarter. BlackRock Inc. now owns 12,880 shares of the bank’s stock worth $355,000 after acquiring an additional 578 shares during the last quarter. Greenwich Investment Management Inc. acquired a new position in shares of Peoples Bancorp of North Carolina in the fourth quarter worth $466,000. Finally, Petiole USA ltd acquired a new position in shares of Peoples Bancorp of North Carolina in the fourth quarter worth $525,000. Institutional investors own 49.09% of the company’s stock.

About Peoples Bancorp of North Carolina (Get Rating)

Peoples Bancorp of North Carolina, Inc operates as the bank holding company for Peoples Bank that provides various commercial and consumer banking products and services to individuals and small to medium-sized businesses. It offers checking, savings, money market, and time deposits; demand deposits; and certificates of deposit, as well as borrowed funds.

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