Peoples Bancorp of North Carolina (NASDAQ:PEBK) Now Covered by StockNews.com

Equities research analysts at StockNews.com assumed coverage on shares of Peoples Bancorp of North Carolina (NASDAQ:PEBKGet Rating) in a report issued on Monday. The brokerage set a “buy” rating on the bank’s stock.

Peoples Bancorp of North Carolina Trading Up 0.4 %

Shares of NASDAQ:PEBK opened at $28.50 on Monday. The company has a market capitalization of $161.20 million, a P/E ratio of 10.80 and a beta of 0.68. Peoples Bancorp of North Carolina has a 1 year low of $24.42 and a 1 year high of $30.00. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.77 and a quick ratio of 0.76. The business’s 50 day simple moving average is $26.32 and its 200 day simple moving average is $26.47.

Insider Buying and Selling

In related news, Director James S. Abernethy sold 3,200 shares of the stock in a transaction that occurred on Friday, October 28th. The stock was sold at an average price of $27.50, for a total transaction of $88,000.00. Following the sale, the director now owns 43,620 shares of the company’s stock, valued at $1,199,550. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 18.61% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Peoples Bancorp of North Carolina

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its stake in Peoples Bancorp of North Carolina by 271.7% during the third quarter. BlackRock Inc. now owns 45,146 shares of the bank’s stock worth $1,120,000 after purchasing an additional 32,999 shares during the last quarter. State Street Corp lifted its stake in shares of Peoples Bancorp of North Carolina by 6.2% in the 1st quarter. State Street Corp now owns 12,327 shares of the bank’s stock valued at $354,000 after acquiring an additional 724 shares during the last quarter. Fourthstone LLC lifted its stake in shares of Peoples Bancorp of North Carolina by 1.3% in the 1st quarter. Fourthstone LLC now owns 251,828 shares of the bank’s stock valued at $7,227,000 after acquiring an additional 3,234 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Peoples Bancorp of North Carolina by 27.7% in the 1st quarter. Vanguard Group Inc. now owns 157,506 shares of the bank’s stock valued at $4,520,000 after acquiring an additional 34,178 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Peoples Bancorp of North Carolina by 0.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 163,408 shares of the bank’s stock valued at $4,690,000 after acquiring an additional 1,419 shares during the last quarter. 34.33% of the stock is currently owned by institutional investors.

Peoples Bancorp of North Carolina Company Profile

(Get Rating)

Peoples Bancorp of North Carolina, Inc operates as the bank holding company for Peoples Bank that provides various commercial and consumer banking products and services to individuals and small to medium-sized businesses. It offers checking, savings, money market, and time deposits; demand deposits; and certificates of deposit, as well as borrowed funds.

Further Reading

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