Peoples Bancorp of North Carolina (NASDAQ:PEBK) Stock Crosses Above 50 Day Moving Average – Time to Sell?

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK)’s stock price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $32.82 and traded as high as $37.00. Peoples Bancorp of North Carolina shares last traded at $36.71, with a volume of 7,795 shares changing hands.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on PEBK shares. Wall Street Zen upgraded shares of Peoples Bancorp of North Carolina to a “hold” rating in a research note on Saturday, December 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Peoples Bancorp of North Carolina in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Peoples Bancorp of North Carolina Stock Performance

The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.10. The stock has a market cap of $200.44 million, a PE ratio of 12.00 and a beta of 0.35. The business’s 50-day moving average price is $32.82 and its 200-day moving average price is $30.93.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last posted its earnings results on Monday, October 20th. The bank reported $0.67 EPS for the quarter. Peoples Bancorp of North Carolina had a net margin of 15.11% and a return on equity of 11.91%. The company had revenue of $22.25 million during the quarter.

Peoples Bancorp of North Carolina Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Wednesday, December 3rd were given a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, December 3rd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.2%. Peoples Bancorp of North Carolina’s dividend payout ratio (DPR) is presently 26.14%.

Institutional Investors Weigh In On Peoples Bancorp of North Carolina

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. boosted its holdings in Peoples Bancorp of North Carolina by 116.7% in the third quarter. Russell Investments Group Ltd. now owns 932 shares of the bank’s stock worth $29,000 after acquiring an additional 502 shares in the last quarter. Police & Firemen s Retirement System of New Jersey purchased a new position in shares of Peoples Bancorp of North Carolina in the 2nd quarter valued at approximately $29,000. State of Wyoming boosted its stake in Peoples Bancorp of North Carolina by 34.1% in the 1st quarter. State of Wyoming now owns 1,435 shares of the bank’s stock worth $39,000 after purchasing an additional 365 shares in the last quarter. Advisory Services Network LLC acquired a new stake in Peoples Bancorp of North Carolina in the 3rd quarter worth approximately $45,000. Finally, BNP Paribas Financial Markets grew its position in Peoples Bancorp of North Carolina by 28.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,600 shares of the bank’s stock worth $49,000 after purchasing an additional 351 shares during the last quarter. 43.83% of the stock is currently owned by hedge funds and other institutional investors.

About Peoples Bancorp of North Carolina

Peoples Bancorp of North Carolina, Inc is a bank holding company headquartered in Hickory, North Carolina, that operates through its wholly owned subsidiary, Peoples Bank. The company provides a comprehensive suite of banking and financial services tailored to individuals, small businesses, and municipal clients in the western region of North Carolina.

Through its community banking network, Peoples Bancorp offers deposit products such as checking, savings, money market accounts and certificates of deposit, alongside consumer and commercial lending solutions.