Peoples Bancorp of North Carolina (NASDAQ:PEBK) Receives New Coverage from Analysts at StockNews.com

Stock analysts at StockNews.com started coverage on shares of Peoples Bancorp of North Carolina (NASDAQ:PEBKGet Rating) in a research report issued on Monday. The brokerage set a “buy” rating on the bank’s stock.

Peoples Bancorp of North Carolina Stock Performance

PEBK stock opened at $28.50 on Monday. The business’s 50-day moving average price is $26.32 and its two-hundred day moving average price is $26.47. The company has a current ratio of 0.77, a quick ratio of 0.76 and a debt-to-equity ratio of 0.15. The firm has a market cap of $161.20 million, a PE ratio of 10.80 and a beta of 0.68. Peoples Bancorp of North Carolina has a 1-year low of $24.42 and a 1-year high of $30.00.

Insiders Place Their Bets

In other Peoples Bancorp of North Carolina news, Director James S. Abernethy sold 3,200 shares of Peoples Bancorp of North Carolina stock in a transaction dated Friday, October 28th. The stock was sold at an average price of $27.50, for a total transaction of $88,000.00. Following the transaction, the director now directly owns 43,620 shares in the company, valued at $1,199,550. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 18.61% of the company’s stock.

Institutional Trading of Peoples Bancorp of North Carolina

Institutional investors have recently modified their holdings of the company. Fourthstone LLC lifted its holdings in shares of Peoples Bancorp of North Carolina by 1.3% in the first quarter. Fourthstone LLC now owns 251,828 shares of the bank’s stock valued at $7,227,000 after purchasing an additional 3,234 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Peoples Bancorp of North Carolina by 0.9% in the first quarter. Dimensional Fund Advisors LP now owns 163,408 shares of the bank’s stock valued at $4,690,000 after purchasing an additional 1,419 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Peoples Bancorp of North Carolina by 27.7% in the first quarter. Vanguard Group Inc. now owns 157,506 shares of the bank’s stock valued at $4,520,000 after purchasing an additional 34,178 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Peoples Bancorp of North Carolina by 271.7% in the third quarter. BlackRock Inc. now owns 45,146 shares of the bank’s stock valued at $1,120,000 after purchasing an additional 32,999 shares in the last quarter. Finally, State Street Corp lifted 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 valued at $354,000 after purchasing an additional 724 shares in the last quarter. 34.33% of the stock is currently owned by institutional investors.

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.

Further Reading

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