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

Posted by Editorial Team on May 5th, 2024

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

Peoples Bancorp of North Carolina Price Performance

PEBK stock opened at $31.00 on Friday. 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 capitalization of $169.14 million, a P/E ratio of 10.58 and a beta of 0.60. The business has a 50 day simple moving average of $27.89 and a 200-day simple moving average of $27.29. Peoples Bancorp of North Carolina has a twelve month low of $16.35 and a twelve month high of $31.59.

Insider Activity

In related news, Director James S. Abernethy sold 3,000 shares of the firm’s stock in a transaction dated 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 owns 83,706 shares of the company’s stock, valued at $2,050,797. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 16.94% of the company’s stock.

Institutional Trading of Peoples Bancorp of North Carolina

A hedge fund recently raised its stake in Peoples Bancorp of North Carolina stock. Gendell Jeffrey L increased its stake in shares of Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK – Free Report) by 1.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 217,763 shares of the bank’s stock after purchasing an additional 2,123 shares during the quarter. Gendell Jeffrey L owned 3.90% of Peoples Bancorp of North Carolina worth $4,790,000 as of its most recent SEC filing. 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.