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

Equities researchers at StockNews.com started coverage on shares of Peoples Bancorp of North Carolina (NASDAQ:PEBK) in a research report issued on Tuesday. The firm set a “hold” rating on the bank’s stock.

Separately, TheStreet raised shares of 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 Performance

Shares of Peoples Bancorp of North Carolina stock opened at $26.40 on Tuesday. The firm has a market capitalization of $147.58 million, a P/E ratio of 9.13 and a beta of 0.63. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.14. The company has a 50 day moving average price of $22.28 and a 200 day moving average price of $20.78. Peoples Bancorp of North Carolina has a 52 week low of $16.35 and a 52 week high of $34.88.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. BlackRock Inc. grew its position in shares of 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 in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Peoples Bancorp of North Carolina by 0.9% during the first quarter. Dimensional Fund Advisors LP now owns 163,408 shares of the bank’s stock worth $4,690,000 after purchasing an additional 1,419 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Peoples Bancorp of North Carolina by 27.7% during the first quarter. Vanguard Group Inc. now owns 157,506 shares of the bank’s stock worth $4,520,000 after purchasing an additional 34,178 shares during the last quarter. Fourthstone LLC raised its stake in shares of Peoples Bancorp of North Carolina by 1.3% during the first quarter. Fourthstone LLC now owns 251,828 shares of the bank’s stock worth $7,227,000 after purchasing an additional 3,234 shares during the last quarter. Finally, State Street Corp raised its stake in shares of Peoples Bancorp of North Carolina by 6.2% during the first quarter. State Street Corp now owns 12,327 shares of the bank’s stock worth $354,000 after purchasing an additional 724 shares during the last quarter. Hedge funds and other institutional investors own 37.71% of the company’s stock.

Peoples Bancorp of North Carolina Company Profile

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.