Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its holdings in Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) by 116.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,429 shares of the bank’s stock after buying an additional 5,063 shares during the period. JPMorgan Chase & Co. owned about 0.17% of Peoples Bancorp of North Carolina worth $295,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Barclays PLC lifted its holdings in shares of Peoples Bancorp of North Carolina by 390.6% in the third quarter. Barclays PLC now owns 7,801 shares of the bank’s stock valued at $198,000 after purchasing an additional 6,211 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in Peoples Bancorp of North Carolina in the 4th quarter valued at approximately $296,000. American Century Companies Inc. grew its holdings in Peoples Bancorp of North Carolina by 3.1% during the 4th quarter. American Century Companies Inc. now owns 23,380 shares of the bank’s stock valued at $731,000 after buying an additional 695 shares during the last quarter. Empowered Funds LLC increased its position in Peoples Bancorp of North Carolina by 4.9% during the fourth quarter. Empowered Funds LLC now owns 31,765 shares of the bank’s stock worth $993,000 after buying an additional 1,487 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of Peoples Bancorp of North Carolina by 7.5% in the third quarter. State Street Corp now owns 54,510 shares of the bank’s stock worth $1,384,000 after acquiring an additional 3,791 shares during the last quarter. 43.83% of the stock is owned by institutional investors and hedge funds.

Peoples Bancorp of North Carolina Stock Performance

Shares of NASDAQ PEBK opened at $28.84 on Friday. The company has a 50-day simple moving average of $26.77 and a 200-day simple moving average of $28.53. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market cap of $157.44 million, a PE ratio of 9.68 and a beta of 0.44. Peoples Bancorp of North Carolina, Inc. has a 12 month low of $23.74 and a 12 month high of $33.31.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last released its earnings results on Monday, April 21st. The bank reported $0.79 EPS for the quarter. The firm had revenue of $20.47 million during the quarter. Peoples Bancorp of North Carolina had a net margin of 15.08% and a return on equity of 12.85%.

Peoples Bancorp of North Carolina Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.77%. This is a positive change from Peoples Bancorp of North Carolina’s previous quarterly dividend of $0.19. The ex-dividend date was Monday, March 3rd. Peoples Bancorp of North Carolina’s dividend payout ratio (DPR) is presently 26.23%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Peoples Bancorp of North Carolina from a “hold” rating to a “buy” rating in a research note on Thursday, April 24th.

About Peoples Bancorp of North Carolina

Peoples Bancorp of North Carolina, Inc operates as the bank holding company for Peoples Bank that provides various banking products and services for individuals and small-to medium-sized businesses. It offers checking, savings, money market, and retirement accounts; certificates of deposits; and credit and debit cards.