Peoples Bancorp of North Carolina (NASDAQ:PEBK) Stock Crosses Below 200-Day Moving Average – Here’s Why

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $28.89 and traded as low as $28.65. Peoples Bancorp of North Carolina shares last traded at $28.67, with a volume of 8,557 shares changing hands.

Analyst Upgrades and Downgrades

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

Peoples Bancorp of North Carolina Trading Down 2.0%

The firm has a market cap of $156.51 million, a P/E ratio of 9.62 and a beta of 0.63. The company has a 50 day moving average of $27.52 and a 200 day moving average of $28.89. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.81 and a current ratio of 0.81.

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

Peoples Bancorp of North Carolina Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Tuesday, June 3rd will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, June 3rd. This represents a $0.80 dividend on an annualized basis and a yield of 2.79%. Peoples Bancorp of North Carolina’s payout ratio is currently 26.23%.

Institutional Investors Weigh In On Peoples Bancorp of North Carolina

Large investors have recently added to or reduced their stakes in the stock. State of Wyoming boosted its position in Peoples Bancorp of North Carolina by 34.1% during the first quarter. State of Wyoming now owns 1,435 shares of the bank’s stock worth $39,000 after purchasing an additional 365 shares during the period. Wells Fargo & Company MN boosted its position in Peoples Bancorp of North Carolina by 27.8% during the fourth quarter. Wells Fargo & Company MN now owns 2,590 shares of the bank’s stock worth $81,000 after purchasing an additional 564 shares during the period. Deutsche Bank AG bought a new stake in Peoples Bancorp of North Carolina during the fourth quarter worth approximately $82,000. MetLife Investment Management LLC bought a new stake in Peoples Bancorp of North Carolina during the fourth quarter worth approximately $85,000. Finally, JPMorgan Chase & Co. boosted its position in Peoples Bancorp of North Carolina by 15.2% during the third quarter. JPMorgan Chase & Co. now owns 4,366 shares of the bank’s stock worth $111,000 after purchasing an additional 576 shares during the period. Institutional investors own 43.83% 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 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.