2,420 Shares in Peoples Bancorp of North Carolina, Inc. $PEBK Purchased by Farther Finance Advisors LLC

Farther Finance Advisors LLC purchased a new position in shares of Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,420 shares of the bank’s stock, valued at approximately $70,000.

Other large investors have also recently added to or reduced their stakes in the company. State of Wyoming grew 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 buying an additional 365 shares during the period. Bank of America Corp DE grew its position in Peoples Bancorp of North Carolina by 35.5% during the fourth quarter. Bank of America Corp DE now owns 4,649 shares of the bank’s stock worth $145,000 after buying an additional 1,219 shares during the period. Empowered Funds LLC grew its position in Peoples Bancorp of North Carolina by 7.1% during the first quarter. Empowered Funds LLC now owns 34,009 shares of the bank’s stock worth $926,000 after buying an additional 2,244 shares during the period. NorthRock Partners LLC acquired a new position in Peoples Bancorp of North Carolina during the first quarter worth about $431,000. Finally, Wellington Management Group LLP grew its position in Peoples Bancorp of North Carolina by 17.9% during the first quarter. Wellington Management Group LLP now owns 503,124 shares of the bank’s stock worth $13,705,000 after buying an additional 76,231 shares during the period. 43.83% of the stock is owned by hedge funds and other institutional investors.

Peoples Bancorp of North Carolina Stock Up 1.5%

PEBK stock opened at $30.27 on Monday. The company’s 50 day simple moving average is $30.42 and its 200-day simple moving average is $28.92. The firm has a market capitalization of $165.27 million, a PE ratio of 9.73 and a beta of 0.63. Peoples Bancorp of North Carolina, Inc. has a 12 month low of $23.74 and a 12 month high of $33.90. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.84 and a quick ratio of 0.84.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last released its quarterly earnings results on Monday, July 21st. The bank reported $0.95 EPS for the quarter. The business had revenue of $22.29 million for the quarter. Peoples Bancorp of North Carolina had a net margin of 15.49% and a return on equity of 12.39%.

Peoples Bancorp of North Carolina Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Wednesday, September 3rd were given a $0.20 dividend. The ex-dividend date was Wednesday, September 3rd. This represents a $0.80 annualized dividend and a dividend yield of 2.6%. Peoples Bancorp of North Carolina’s dividend payout ratio is currently 25.72%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Peoples Bancorp of North Carolina in a research report on Saturday, September 27th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

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.