Insider Selling: Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) Director Sells 1,000 Shares of Stock

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) Director James S. Abernethy sold 1,000 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $28.64, for a total transaction of $28,640.00. Following the completion of the transaction, the director now directly owns 74,976 shares of the company’s stock, valued at $2,147,312.64. The trade was a 1.32 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Peoples Bancorp of North Carolina Trading Down 1.7 %

NASDAQ PEBK opened at $28.85 on Friday. Peoples Bancorp of North Carolina, Inc. has a 12 month low of $23.74 and a 12 month high of $32.37. The company has a 50-day moving average of $26.22 and a 200-day moving average of $28.50. 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 $157.52 million, a P/E ratio of 9.78 and a beta of 0.57.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last posted its quarterly earnings data on Monday, October 21st. The bank reported $0.72 EPS for the quarter. Peoples Bancorp of North Carolina had a net margin of 15.27% and a return on equity of 12.92%. The company had revenue of $20.64 million during the quarter.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. De Lisle Partners LLP acquired a new stake in Peoples Bancorp of North Carolina in the 3rd quarter valued at $545,000. BNP Paribas Financial Markets grew its stake in shares of Peoples Bancorp of North Carolina by 985.5% in the third quarter. BNP Paribas Financial Markets now owns 8,000 shares of the bank’s stock valued at $203,000 after buying an additional 7,263 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of Peoples Bancorp of North Carolina by 5.1% during the 3rd quarter. Empowered Funds LLC now owns 30,278 shares of the bank’s stock valued at $769,000 after buying an additional 1,474 shares during the period. Renaissance Technologies LLC lifted its position in Peoples Bancorp of North Carolina by 6.8% during the 2nd quarter. Renaissance Technologies LLC now owns 22,012 shares of the bank’s stock worth $643,000 after acquiring an additional 1,400 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Peoples Bancorp of North Carolina by 0.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 146,625 shares of the bank’s stock worth $4,281,000 after acquiring an additional 734 shares during the period. Hedge funds and other institutional investors own 43.83% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Peoples Bancorp of North Carolina from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th.

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.