Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) Director James S. Abernethy Sells 1,000 Shares

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

Peoples Bancorp of North Carolina Stock Performance

Shares of PEBK opened at $31.43 on Tuesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.81 and a quick ratio of 0.81. Peoples Bancorp of North Carolina, Inc. has a one year low of $23.74 and a one year high of $32.37. The company’s fifty day moving average price is $26.64 and its 200 day moving average price is $28.45. The company has a market capitalization of $171.61 million, a PE ratio of 10.65 and a beta of 0.57.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last posted its quarterly earnings data on Monday, October 21st. The bank reported $0.72 earnings per share 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 during the quarter.

Institutional Investors Weigh In On Peoples Bancorp of North Carolina

Several hedge funds have recently modified their holdings of PEBK. Dimensional Fund Advisors LP lifted its stake in shares of Peoples Bancorp of North Carolina by 0.5% in the second quarter. Dimensional Fund Advisors LP now owns 146,625 shares of the bank’s stock valued at $4,281,000 after buying an additional 734 shares during the period. State Street Corp raised its holdings 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 valued at $1,384,000 after acquiring an additional 3,791 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Peoples Bancorp of North Carolina by 5.1% in the 3rd 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. Renaissance Technologies LLC grew its holdings in shares of Peoples Bancorp of North Carolina by 6.8% during the 2nd quarter. Renaissance Technologies LLC now owns 22,012 shares of the bank’s stock worth $643,000 after purchasing an additional 1,400 shares in the last quarter. Finally, De Lisle Partners LLP acquired a new stake in shares of Peoples Bancorp of North Carolina during the 3rd quarter worth approximately $545,000. 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.