Peoples Bancorp of North Carolina (NASDAQ:PEBK) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $32.10 and traded as high as $36.97. Peoples Bancorp of North Carolina shares last traded at $36.63, with a volume of 29,480 shares changing hands.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on PEBK. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Peoples Bancorp of North Carolina in a research note on Thursday, January 22nd. Wall Street Zen upgraded shares of Peoples Bancorp of North Carolina to a “hold” rating in a research report on Saturday, December 20th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold”.

Peoples Bancorp of North Carolina Stock Performance

The stock has a 50 day moving average price of $35.71 and a two-hundred day moving average price of $32.10. The company has a market capitalization of $200.00 million, a price-to-earnings ratio of 10.12 and a beta of 0.36. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.84 and a quick ratio of 0.84.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last posted its quarterly earnings data on Monday, January 26th. The bank reported $1.21 earnings per share for the quarter. Peoples Bancorp of North Carolina had a net margin of 17.30% and a return on equity of 13.77%. The firm had revenue of $24.99 million during the quarter.

Peoples Bancorp of North Carolina Dividend Announcement

The firm also recently announced an annual dividend, which will be paid on Friday, February 13th. Stockholders of record on Wednesday, February 4th will be paid a $0.17 dividend. This represents a dividend yield of 47.0%. The ex-dividend date of this dividend is Wednesday, February 4th. Peoples Bancorp of North Carolina’s dividend payout ratio (DPR) is 22.10%.

Hedge Funds Weigh In On Peoples Bancorp of North Carolina

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its holdings in Peoples Bancorp of North Carolina by 0.5% during the third quarter. Dimensional Fund Advisors LP now owns 157,281 shares of the bank’s stock worth $4,822,000 after acquiring an additional 794 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Peoples Bancorp of North Carolina by 0.5% in the 2nd quarter. Geode Capital Management LLC now owns 109,401 shares of the bank’s stock valued at $3,157,000 after buying an additional 530 shares during the last quarter. Maltese Capital Management LLC grew its position in shares of Peoples Bancorp of North Carolina by 9.7% in the 3rd quarter. Maltese Capital Management LLC now owns 49,346 shares of the bank’s stock valued at $1,513,000 after acquiring an additional 4,346 shares during the period. Fourthstone LLC raised its stake in Peoples Bancorp of North Carolina by 115.2% in the second quarter. Fourthstone LLC now owns 35,162 shares of the bank’s stock valued at $1,014,000 after buying an additional 18,825 shares during the period. Finally, Empowered Funds LLC increased its holdings in shares of Peoples Bancorp of North Carolina by 7.1% in the first quarter. Empowered Funds LLC now owns 34,009 shares of the bank’s stock valued at $926,000 after purchasing an additional 2,244 shares during the last quarter. Institutional investors own 43.83% of the company’s stock.

Peoples Bancorp of North Carolina Company Profile

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.