Peoples Bancorp of North Carolina (NASDAQ:PEBK) Stock Crosses Below 200 Day Moving Average of $27.73

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBKGet Rating)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $27.73 and traded as low as $26.06. Peoples Bancorp of North Carolina shares last traded at $26.19, with a volume of 6,079 shares trading hands.

Separately, StockNews.com assumed coverage on Peoples Bancorp of North Carolina in a report on Wednesday. They set a “buy” rating for the company.

The company has a market capitalization of $148.13 million, a P/E ratio of 10.35 and a beta of 0.77. The company has a fifty day moving average price of $26.84 and a 200 day moving average price of $27.73. 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 (NASDAQ:PEBKGet Rating) last issued its quarterly earnings data on Monday, April 25th. The bank reported $0.61 earnings per share (EPS) for the quarter. Peoples Bancorp of North Carolina had a return on equity of 10.06% and a net margin of 19.90%. The business had revenue of $17.71 million during the quarter.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 15th. Investors of record on Friday, June 3rd were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date of this dividend was Thursday, June 2nd. Peoples Bancorp of North Carolina’s dividend payout ratio (DPR) is 28.46%.

In other Peoples Bancorp of North Carolina news, COO William D. Cable sold 7,700 shares of the company’s stock in a transaction that occurred on Tuesday, May 17th. The stock was sold at an average price of $26.05, for a total value of $200,585.00. Following the completion of 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James S. Abernethy sold 4,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director now owns 46,820 shares of the company’s stock, valued at $1,233,707. The disclosure for this sale can be found here. Corporate insiders own 18.61% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PEBK. Millennium Management LLC acquired a new stake in Peoples Bancorp of North Carolina in the second quarter worth approximately $530,000. Geode Capital Management LLC lifted its position in Peoples Bancorp of North Carolina by 8.0% in the third quarter. Geode Capital Management LLC now owns 45,863 shares of the bank’s stock worth $1,302,000 after purchasing an additional 3,398 shares during the period. Dimensional Fund Advisors LP lifted its position in Peoples Bancorp of North Carolina by 1.1% in the third quarter. Dimensional Fund Advisors LP now owns 164,323 shares of the bank’s stock worth $4,665,000 after purchasing an additional 1,816 shares during the period. Wellington Management Group LLP acquired a new stake in shares of Peoples Bancorp of North Carolina during the 3rd quarter valued at $4,211,000. Finally, River Oaks Capital LLC acquired a new stake in shares of Peoples Bancorp of North Carolina during the 4th quarter valued at $2,035,000. Hedge funds and other institutional investors own 49.09% of the company’s stock.

About Peoples Bancorp of North Carolina (NASDAQ:PEBK)

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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