Equities research analysts at StockNews.com assumed coverage on shares of Peoples Bancorp of North Carolina (NASDAQ:PEBK – Get 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
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 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.
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