Peoples Bancorp of North Carolina (NASDAQ:PEBK) Shares Cross Above 50-Day Moving Average – Here’s Why

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK)’s share price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $29.69 and traded as high as $31.82. Peoples Bancorp of North Carolina shares last traded at $31.55, with a volume of 4,571 shares.

Peoples Bancorp of North Carolina Stock Down 0.3 %

The business has a fifty day moving average of $29.82 and a 200 day moving average of $28.75. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.11. The firm has a market cap of $172.20 million, a P/E ratio of 10.69 and a beta of 0.63.

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

Peoples Bancorp of North Carolina Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Tuesday, December 3rd were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 2.41%. The ex-dividend date of this dividend was Tuesday, December 3rd. Peoples Bancorp of North Carolina’s dividend payout ratio (DPR) is 25.76%.

Insider Buying and Selling

In related news, Director James S. Abernethy sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $28.64, for a total value of $28,640.00. Following the completion of the transaction, the director now directly owns 74,976 shares in the company, valued at approximately $2,147,312.64. The trade was a 1.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders have sold 3,500 shares of company stock valued at $100,180. 16.94% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its holdings in shares of Peoples Bancorp of North Carolina by 15.2% during the third quarter. JPMorgan Chase & Co. now owns 4,366 shares of the bank’s stock worth $111,000 after acquiring an additional 576 shares during the period. Barclays PLC increased its holdings 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 purchasing an additional 6,211 shares in the last quarter. State Street Corp lifted its holdings in shares of Peoples Bancorp of North Carolina by 7.5% in the third quarter. State Street Corp now owns 54,510 shares of the bank’s stock valued at $1,384,000 after purchasing an additional 3,791 shares in the last quarter. De Lisle Partners LLP acquired a new position in shares of Peoples Bancorp of North Carolina during the third quarter worth about $545,000. Finally, BNP Paribas Financial Markets grew its holdings in shares of Peoples Bancorp of North Carolina by 985.5% during the third quarter. BNP Paribas Financial Markets now owns 8,000 shares of the bank’s stock worth $203,000 after buying an additional 7,263 shares in the last quarter. Institutional investors own 43.83% of the company’s stock.

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.