Raymond James Financial Services Advisors Inc. Has $469,000 Stake in Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK)

Raymond James Financial Services Advisors Inc. decreased its stake in shares of Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) by 11.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 15,154 shares of the bank’s stock after selling 2,042 shares during the quarter. Raymond James Financial Services Advisors Inc. owned about 0.27% of Peoples Bancorp of North Carolina worth $469,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of PEBK. Qube Research & Technologies Ltd acquired a new stake in shares of Peoples Bancorp of North Carolina during the 3rd quarter worth approximately $27,000. Citigroup Inc. acquired a new stake in shares of Peoples Bancorp of North Carolina during the 1st quarter worth approximately $30,000. Northern Trust Corp grew its position in Peoples Bancorp of North Carolina by 12.8% in the 2nd quarter. Northern Trust Corp now owns 13,522 shares of the bank’s stock valued at $246,000 after purchasing an additional 1,538 shares during the period. Susquehanna International Group LLP acquired a new stake in Peoples Bancorp of North Carolina in the 4th quarter valued at $266,000. Finally, Morgan Stanley grew its position in Peoples Bancorp of North Carolina by 59.1% in the 4th quarter. Morgan Stanley now owns 8,840 shares of the bank’s stock valued at $288,000 after purchasing an additional 3,285 shares during the period. Institutional investors and hedge funds own 43.83% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Peoples Bancorp of North Carolina in a research report on Monday, January 1st. They issued a “hold” rating for the company.

Insider Buying and Selling at Peoples Bancorp of North Carolina

In other Peoples Bancorp of North Carolina news, Director James S. Abernethy sold 3,000 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $24.50, for a total transaction of $73,500.00. Following the transaction, the director now directly owns 83,706 shares in the company, valued at approximately $2,050,797. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 16.94% of the company’s stock.

Peoples Bancorp of North Carolina Stock Performance

NASDAQ PEBK opened at $27.75 on Friday. The company has a fifty day simple moving average of $27.02 and a 200 day simple moving average of $26.71. Peoples Bancorp of North Carolina, Inc. has a 12-month low of $16.35 and a 12-month high of $30.99. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.13. The company has a market cap of $151.52 million, a P/E ratio of 10.02 and a beta of 0.62.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last issued its quarterly earnings data on Monday, January 22nd. The bank reported $0.62 earnings per share for the quarter. Peoples Bancorp of North Carolina had a return on equity of 13.65% and a net margin of 16.40%. The business had revenue of $19.40 million for the quarter.

Peoples Bancorp of North Carolina Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 2.74%. The ex-dividend date of this dividend was Friday, March 1st. Peoples Bancorp of North Carolina’s dividend payout ratio (DPR) is presently 27.44%.

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.