Bank of America Corp DE Increases Stake in Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK)

Bank of America Corp DE increased its holdings in shares of Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) by 35.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,649 shares of the bank’s stock after buying an additional 1,219 shares during the period. Bank of America Corp DE owned about 0.09% of Peoples Bancorp of North Carolina worth $145,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets increased its position in shares of Peoples Bancorp of North Carolina by 41.7% in the 4th quarter. BNP Paribas Financial Markets now owns 11,335 shares of the bank’s stock valued at $354,000 after purchasing an additional 3,335 shares during the last quarter. Northern Trust Corp increased its position in shares of Peoples Bancorp of North Carolina by 3.2% in the 4th quarter. Northern Trust Corp now owns 39,911 shares of the bank’s stock valued at $1,247,000 after purchasing an additional 1,233 shares during the last quarter. MetLife Investment Management LLC purchased a new stake in shares of Peoples Bancorp of North Carolina in the 4th quarter valued at approximately $85,000. First Trust Advisors LP increased its position in shares of Peoples Bancorp of North Carolina by 12.1% in the 4th quarter. First Trust Advisors LP now owns 18,688 shares of the bank’s stock valued at $584,000 after purchasing an additional 2,014 shares during the last quarter. Finally, Fourthstone LLC increased its position in shares of Peoples Bancorp of North Carolina by 203.6% in the 4th quarter. Fourthstone LLC now owns 61,243 shares of the bank’s stock valued at $1,914,000 after purchasing an additional 41,069 shares during the last quarter. 43.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Peoples Bancorp of North Carolina Trading Up 1.4%

NASDAQ PEBK opened at $28.12 on Tuesday. 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 firm’s fifty day moving average price is $27.82 and its 200 day moving average price is $28.65. The company has a market capitalization of $153.51 million, a price-to-earnings ratio of 9.44 and a beta of 0.62. 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 posted its earnings results on Monday, April 21st. The bank reported $0.79 EPS for the quarter. The firm had revenue of $20.47 million for 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Tuesday, June 3rd were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date was Tuesday, June 3rd. Peoples Bancorp of North Carolina’s dividend payout ratio is currently 26.23%.

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.