Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) Shares Bought by State Street Corp

State Street Corp lifted its stake in shares of Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) by 7.5% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 54,510 shares of the bank’s stock after purchasing an additional 3,791 shares during the period. State Street Corp’s holdings in Peoples Bancorp of North Carolina were worth $1,384,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its stake in Peoples Bancorp of North Carolina by 0.5% in the second 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 last quarter. Renaissance Technologies LLC raised its holdings in shares of Peoples Bancorp of North Carolina by 6.8% in the 2nd quarter. Renaissance Technologies LLC now owns 22,012 shares of the bank’s stock valued at $643,000 after purchasing an additional 1,400 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of Peoples Bancorp of North Carolina by 5.1% in the 3rd quarter. Empowered Funds LLC now owns 30,278 shares of the bank’s stock valued at $769,000 after purchasing an additional 1,474 shares in the last quarter. Rhumbline Advisers purchased a new stake in shares of Peoples Bancorp of North Carolina during the 2nd quarter worth $169,000. Finally, BNP Paribas Financial Markets grew its stake 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 purchasing an additional 7,263 shares in the last quarter. 43.83% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Peoples Bancorp of North Carolina

In related news, Director James S. Abernethy sold 1,000 shares of Peoples Bancorp of North Carolina stock in a transaction on Friday, November 8th. The shares were sold at an average price of $28.64, for a total transaction of $28,640.00. Following the sale, the director now directly owns 74,976 shares in the company, valued at $2,147,312.64. This trade represents a 1.32 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last quarter, insiders sold 3,500 shares of company stock worth $100,180. 17.44% of the stock is currently owned by insiders.

Peoples Bancorp of North Carolina Stock Performance

NASDAQ:PEBK opened at $31.01 on Friday. Peoples Bancorp of North Carolina, Inc. has a 12 month low of $23.74 and a 12 month 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 firm has a market capitalization of $169.25 million, a PE ratio of 10.51 and a beta of 0.62. The business’s fifty day moving average price is $30.17 and its 200 day moving average price is $28.80.

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

Peoples Bancorp of North Carolina Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Tuesday, December 3rd were issued a dividend of $0.19 per share. The ex-dividend date was Tuesday, December 3rd. This represents a $0.76 dividend on an annualized basis and a yield of 2.45%. Peoples Bancorp of North Carolina’s payout ratio is currently 25.76%.

Peoples Bancorp of North Carolina 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.