Peoples Bancorp of North Carolina (NASDAQ:PEBK) Share Price Passes Above 200 Day Moving Average – What’s Next?

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $28.62 and traded as high as $32.42. Peoples Bancorp of North Carolina shares last traded at $32.01, with a volume of 11,086 shares changing hands.

Peoples Bancorp of North Carolina Price Performance

The firm has a market capitalization of $174.77 million, a PE ratio of 10.85 and a beta of 0.63. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a 50-day simple moving average of $28.28 and a 200-day simple moving average of $28.61.

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

Peoples Bancorp of North Carolina Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Tuesday, December 3rd were issued a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $0.76 annualized dividend and a dividend yield of 2.37%. Peoples Bancorp of North Carolina’s dividend payout ratio (DPR) is 25.76%.

Insider Buying and Selling at Peoples Bancorp of North Carolina

In other news, Director James S. Abernethy sold 1,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $30.02, for a total value of $30,020.00. Following the completion of the sale, the director now owns 73,976 shares in the company, valued at approximately $2,220,759.52. This trade represents a 1.33 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 3,500 shares of company stock worth $100,180 in the last quarter. 16.94% of the stock is owned by corporate insiders.

Institutional Trading of Peoples Bancorp of North Carolina

A number of hedge funds and other institutional investors have recently bought and sold shares of PEBK. Rhumbline Advisers bought a new stake in shares of Peoples Bancorp of North Carolina during the second quarter valued at approximately $169,000. Barclays PLC grew its position in shares of 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 buying an additional 6,211 shares in the last quarter. BNP Paribas Financial Markets increased its stake in shares of 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 valued at $203,000 after buying an additional 7,263 shares during the period. Bank of New York Mellon Corp purchased a new stake in Peoples Bancorp of North Carolina in the second quarter worth about $388,000. Finally, De Lisle Partners LLP bought a new position in Peoples Bancorp of North Carolina during the 3rd quarter worth about $545,000. Hedge funds and other institutional investors own 43.83% of the company’s stock.

About Peoples Bancorp of North Carolina

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.