Insider Selling: Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) Director Sells $30,020.00 in Stock

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) Director James S. Abernethy sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $30.02, for a total transaction of $30,020.00. Following the completion of the sale, the director now directly owns 73,976 shares of the company’s stock, valued at $2,220,759.52. This represents a 1.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Peoples Bancorp of North Carolina Stock Up 0.1 %

PEBK stock opened at $31.44 on Thursday. The firm has a market cap of $171.66 million, a PE ratio of 10.64 and a beta of 0.57. Peoples Bancorp of North Carolina, Inc. has a 1 year low of $23.74 and a 1 year high of $32.37. The company has a fifty day simple moving average of $26.80 and a 200 day simple moving average of $28.46. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.11.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last announced its quarterly earnings results on Monday, October 21st. The bank reported $0.72 earnings per share for the quarter. The company had revenue of $20.64 million during the quarter. Peoples Bancorp of North Carolina had a return on equity of 12.92% and a net margin of 15.27%.

Peoples Bancorp of North Carolina Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Tuesday, December 3rd will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date is Tuesday, December 3rd. Peoples Bancorp of North Carolina’s payout ratio is 25.76%.

Institutional Trading of Peoples Bancorp of North Carolina

Several large investors have recently modified their holdings of the company. Barclays PLC lifted its position in Peoples Bancorp of North Carolina by 390.6% during the 3rd quarter. Barclays PLC now owns 7,801 shares of the bank’s stock worth $198,000 after acquiring an additional 6,211 shares during the last quarter. State Street Corp increased its position in Peoples Bancorp of North Carolina by 7.5% in the 3rd quarter. State Street Corp now owns 54,510 shares of the bank’s stock worth $1,384,000 after buying an additional 3,791 shares during the period. De Lisle Partners LLP bought a new stake in shares of Peoples Bancorp of North Carolina in the third quarter valued at approximately $545,000. BNP Paribas Financial Markets increased its position in Peoples Bancorp of North Carolina by 985.5% during the third quarter. BNP Paribas Financial Markets now owns 8,000 shares of the bank’s stock worth $203,000 after acquiring an additional 7,263 shares during the period. Finally, Empowered Funds LLC increased its position in Peoples Bancorp of North Carolina by 5.1% during the third quarter. Empowered Funds LLC now owns 30,278 shares of the bank’s stock worth $769,000 after acquiring an additional 1,474 shares during the period. 43.83% of the stock is owned by institutional investors.

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.