Bank of New York Mellon Corp Decreases Stock Position in Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK)

Bank of New York Mellon Corp cut its stake in Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) by 6.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,021 shares of the bank’s stock after selling 623 shares during the period. Bank of New York Mellon Corp owned about 0.17% of Peoples Bancorp of North Carolina worth $246,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wellington Management Group LLP lifted its holdings in Peoples Bancorp of North Carolina by 606.4% during the 4th quarter. Wellington Management Group LLP now owns 426,893 shares of the bank’s stock worth $13,340,000 after buying an additional 366,459 shares during the last quarter. Fourthstone LLC lifted its holdings in Peoples Bancorp of North Carolina by 203.6% during the 4th quarter. Fourthstone LLC now owns 61,243 shares of the bank’s stock worth $1,914,000 after buying an additional 41,069 shares during the last quarter. Northern Trust Corp lifted its holdings in Peoples Bancorp of North Carolina by 3.2% during the 4th quarter. Northern Trust Corp now owns 39,911 shares of the bank’s stock worth $1,247,000 after buying an additional 1,233 shares during the last quarter. American Century Companies Inc. lifted 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 worth $731,000 after buying an additional 695 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in Peoples Bancorp of North Carolina by 12.1% during the 4th quarter. First Trust Advisors LP now owns 18,688 shares of the bank’s stock worth $584,000 after buying an additional 2,014 shares during the last quarter. 43.83% of the stock is currently owned by hedge funds and other institutional investors.

Peoples Bancorp of North Carolina Stock Down 1.5%

Shares of NASDAQ PEBK opened at $27.93 on Wednesday. The company has a market capitalization of $152.50 million, a price-to-earnings ratio of 8.98 and a beta of 0.65. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.83 and a quick ratio of 0.83. The business has a 50-day moving average of $28.76 and a two-hundred day moving average of $28.15. Peoples Bancorp of North Carolina, Inc. has a 1 year low of $23.74 and a 1 year high of $33.31.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last announced its quarterly earnings results on Monday, July 21st. The bank reported $0.95 earnings per share (EPS) for the quarter. Peoples Bancorp of North Carolina had a return on equity of 12.60% and a net margin of 15.49%. The company had revenue of $22.29 million during the quarter.

Peoples Bancorp of North Carolina Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Tuesday, June 3rd were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Tuesday, June 3rd. Peoples Bancorp of North Carolina’s payout ratio is presently 25.72%.

Wall Street Analysts Forecast Growth

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