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

Analysts at StockNews.com started coverage on shares of Peoples Bancorp of North Carolina (NASDAQ:PEBK) in a research note issued to investors on Monday. The brokerage set a “hold” rating on the bank’s stock.

Separately, TheStreet upgraded Peoples Bancorp of North Carolina from a “c+” rating to a “b-” rating in a research report on Friday, September 29th.

Peoples Bancorp of North Carolina Stock Up 4.4 %

Peoples Bancorp of North Carolina stock opened at $24.50 on Monday. The stock’s fifty day moving average is $21.73 and its two-hundred day moving average is $20.93. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.79 and a quick ratio of 0.79. Peoples Bancorp of North Carolina has a 1-year low of $16.35 and a 1-year high of $34.88. The stock has a market cap of $136.96 million, a PE ratio of 7.95 and a beta of 0.63.

Hedge Funds Weigh In On Peoples Bancorp of North Carolina

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. purchased a new stake in Peoples Bancorp of North Carolina in the 2nd quarter worth approximately $308,000. Fourthstone LLC increased its stake in Peoples Bancorp of North Carolina by 8.1% in the second quarter. Fourthstone LLC now owns 561,806 shares of the bank’s stock valued at $10,208,000 after acquiring an additional 41,918 shares during the period. EA Series Trust bought a new stake in Peoples Bancorp of North Carolina during the second quarter worth about $410,000. BlackRock Inc. grew its stake in Peoples Bancorp of North Carolina by 4.7% during the first quarter. BlackRock Inc. now owns 13,487 shares of the bank’s stock worth $387,000 after buying an additional 607 shares during the last quarter. Finally, HRT Financial LP bought a new stake in Peoples Bancorp of North Carolina during the first quarter worth about $356,000. Institutional investors and hedge funds own 37.71% 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 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.