Citadel Advisors LLC Sells 13,664 Shares of Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK)

Citadel Advisors LLC lowered its position in Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) by 41.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,075 shares of the bank’s stock after selling 13,664 shares during the quarter. Citadel Advisors LLC owned about 0.35% of Peoples Bancorp of North Carolina worth $596,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in Peoples Bancorp of North Carolina by 15.2% in the third quarter. JPMorgan Chase & Co. now owns 4,366 shares of the bank’s stock valued at $111,000 after acquiring an additional 576 shares during the last quarter. BNP Paribas Financial Markets increased its stake in Peoples Bancorp of North Carolina by 41.7% in the fourth quarter. BNP Paribas Financial Markets now owns 11,335 shares of the bank’s stock valued at $354,000 after acquiring an additional 3,335 shares during the last quarter. Northern Trust Corp increased its stake in Peoples Bancorp of North Carolina by 3.2% in the fourth quarter. Northern Trust Corp now owns 39,911 shares of the bank’s stock valued at $1,247,000 after acquiring an additional 1,233 shares during the last quarter. First Trust Advisors LP increased its stake in Peoples Bancorp of North Carolina by 12.1% in the fourth quarter. First Trust Advisors LP now owns 18,688 shares of the bank’s stock valued at $584,000 after acquiring an additional 2,014 shares during the last quarter. Finally, Empowered Funds LLC increased its stake in Peoples Bancorp of North Carolina by 4.9% in the fourth quarter. Empowered Funds LLC now owns 31,765 shares of the bank’s stock valued at $993,000 after acquiring an additional 1,487 shares during the last quarter. Institutional investors own 43.83% of the company’s stock.

Peoples Bancorp of North Carolina Stock Performance

NASDAQ PEBK opened at $27.92 on Monday. The company has a 50-day simple moving average of $27.56 and a two-hundred day simple moving average of $28.86. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.11. Peoples Bancorp of North Carolina, Inc. has a 12-month low of $23.74 and a 12-month high of $33.31. The firm has a market cap of $152.42 million, a price-to-earnings ratio of 9.37 and a beta of 0.63.

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

Peoples Bancorp of North Carolina Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Tuesday, June 3rd will be issued 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 dividend yield of 2.87%. Peoples Bancorp of North Carolina’s dividend payout ratio is currently 26.23%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Peoples Bancorp of North Carolina from a “hold” rating to a “buy” rating in a research report 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.