Peoples Bancorp of North Carolina (NASDAQ:PEBK) Rating Lowered to Hold at StockNews.com

Peoples Bancorp of North Carolina (NASDAQ:PEBKGet Free Report) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

Peoples Bancorp of North Carolina Stock Down 0.1 %

Shares of Peoples Bancorp of North Carolina stock opened at $29.71 on Wednesday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.13. The company’s fifty day simple moving average is $28.99 and its two-hundred day simple moving average is $28.23. The company has a market cap of $157.17 million, a P/E ratio of 10.14 and a beta of 0.60. Peoples Bancorp of North Carolina has a 12-month low of $16.71 and a 12-month high of $31.59.

Peoples Bancorp of North Carolina (NASDAQ:PEBKGet Free Report) last issued its quarterly earnings data on Monday, April 22nd. The bank reported $0.72 earnings per share (EPS) for the quarter. The business had revenue of $19.34 million for the quarter. Peoples Bancorp of North Carolina had a net margin of 16.29% and a return on equity of 14.14%.

Insider Transactions at Peoples Bancorp of North Carolina

In other news, Director James S. Abernethy sold 1,000 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $29.90, for a total value of $29,900.00. Following the sale, the director now directly owns 82,206 shares of the company’s stock, valued at approximately $2,457,959.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 16.94% of the company’s stock.

Institutional Trading of Peoples Bancorp of North Carolina

Hedge funds and other institutional investors have recently modified their holdings of the business. AMG National Trust Bank grew its position in shares of Peoples Bancorp of North Carolina by 12.0% in the 4th quarter. AMG National Trust Bank now owns 37,245 shares of the bank’s stock worth $1,124,000 after buying an additional 3,993 shares during the period. Gendell Jeffrey L grew its position in shares of Peoples Bancorp of North Carolina by 1.0% in the 3rd quarter. Gendell Jeffrey L now owns 217,763 shares of the bank’s stock worth $4,790,000 after buying an additional 2,123 shares during the period. Finally, Empowered Funds LLC grew its position in shares of Peoples Bancorp of North Carolina by 7.7% in the 1st quarter. Empowered Funds LLC now owns 26,824 shares of the bank’s stock worth $747,000 after buying an additional 1,925 shares during the period. 43.83% of the stock is owned by hedge funds and other institutional investors.

Peoples Bancorp of North Carolina Company Profile

(Get Free Report)

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.

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