Wells Fargo & Company MN Has $81,000 Stock Holdings in Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK)

Wells Fargo & Company MN boosted its position in Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) by 27.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,590 shares of the bank’s stock after buying an additional 564 shares during the quarter. Wells Fargo & Company MN’s holdings in Peoples Bancorp of North Carolina were worth $81,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. raised its position in Peoples Bancorp of North Carolina by 15.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,366 shares of the bank’s stock valued at $111,000 after buying an additional 576 shares during the last quarter. Barclays PLC lifted its position in Peoples Bancorp of North Carolina by 390.6% during the 3rd quarter. Barclays PLC now owns 7,801 shares of the bank’s stock worth $198,000 after buying an additional 6,211 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in Peoples Bancorp of North Carolina during the 4th quarter worth about $296,000. American Century Companies Inc. boosted its stake in shares of Peoples Bancorp of North Carolina by 3.1% during the 4th quarter. American Century Companies Inc. now owns 23,380 shares of the bank’s stock worth $731,000 after buying an additional 695 shares during the last quarter. Finally, Empowered Funds LLC boosted its stake in shares of Peoples Bancorp of North Carolina by 4.9% during the 4th quarter. Empowered Funds LLC now owns 31,765 shares of the bank’s stock worth $993,000 after buying an additional 1,487 shares during the last quarter. Institutional investors and hedge funds own 43.83% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Peoples Bancorp of North Carolina from a “hold” rating to a “buy” rating in a research note on Thursday, April 24th.

Peoples Bancorp of North Carolina Trading Up 2.2%

Peoples Bancorp of North Carolina stock opened at $29.07 on Tuesday. The firm has a 50-day moving average of $26.99 and a 200-day moving average of $28.70. Peoples Bancorp of North Carolina, Inc. has a one year low of $23.74 and a one year high of $33.31. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market cap of $158.69 million, a price-to-earnings ratio of 9.76 and a beta of 0.63.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last issued its earnings results on Monday, April 21st. The bank reported $0.79 earnings per share for the quarter. The business had revenue of $20.47 million for the quarter. Peoples Bancorp of North Carolina had a net margin of 15.08% and a return on equity of 12.85%.

Peoples Bancorp of North Carolina Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.75%. This is a boost from Peoples Bancorp of North Carolina’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Monday, March 3rd. Peoples Bancorp of North Carolina’s dividend payout ratio (DPR) is presently 26.23%.

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.