Peoples Bancorp of North Carolina (NASDAQ:PEBK) Stock Rating Lowered by StockNews.com

Peoples Bancorp of North Carolina (NASDAQ:PEBK) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Saturday.

Peoples Bancorp of North Carolina Price Performance

Shares of NASDAQ PEBK opened at $27.41 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.11. The business’s 50 day moving average price is $28.12 and its two-hundred day moving average price is $28.44. The company has a market cap of $149.55 million, a PE ratio of 9.20 and a beta of 0.60. Peoples Bancorp of North Carolina has a twelve month low of $23.74 and a twelve month high of $33.31.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last announced its quarterly earnings results on Wednesday, February 12th. The bank reported $0.65 earnings per share (EPS) for the quarter. Peoples Bancorp of North Carolina had a return on equity of 12.85% and a net margin of 15.08%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its stake in Peoples Bancorp of North Carolina by 606.4% in the 4th quarter. Wellington Management Group LLP now owns 426,893 shares of the bank’s stock worth $13,340,000 after purchasing an additional 366,459 shares in the last quarter. Nuveen Asset Management LLC bought a new position in Peoples Bancorp of North Carolina during the 4th quarter worth $277,000. Deutsche Bank AG acquired a new position in Peoples Bancorp of North Carolina in the 4th quarter valued at $82,000. Bank of America Corp DE grew its holdings in shares of Peoples Bancorp of North Carolina by 35.5% during the 4th quarter. Bank of America Corp DE now owns 4,649 shares of the bank’s stock worth $145,000 after purchasing an additional 1,219 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its position in shares of Peoples Bancorp of North Carolina by 41.7% in the fourth quarter. BNP Paribas Financial Markets now owns 11,335 shares of the bank’s stock worth $354,000 after purchasing an additional 3,335 shares during the period. Institutional investors own 43.83% of the company’s stock.

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.