Peoples Bancorp of North Carolina (NASDAQ:PEBK) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $28.90 and traded as high as $29.38. Peoples Bancorp of North Carolina shares last traded at $28.91, with a volume of 4,006 shares traded.

Peoples Bancorp of North Carolina Trading Up 0.7 %

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 fifty day moving average of $30.81 and a 200-day moving average of $28.90. The firm has a market capitalization of $157.79 million, a PE ratio of 9.80 and a beta of 0.62.

Peoples Bancorp of North Carolina Announces Dividend

The firm also recently announced a special dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be given a dividend of $0.16 per share. The ex-dividend date is Monday, February 3rd. Peoples Bancorp of North Carolina’s payout ratio is 25.76%.

Insider Activity

In related news, Director James S. Abernethy sold 1,000 shares of Peoples Bancorp of North Carolina stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $30.02, for a total transaction of $30,020.00. Following the sale, the director now directly owns 73,976 shares of the company’s stock, valued at $2,220,759.52. This trade represents a 1.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders have sold 2,500 shares of company stock valued at $74,610. 16.94% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PEBK. JPMorgan Chase & Co. raised its stake in shares of Peoples Bancorp of North Carolina by 15.2% in the third quarter. JPMorgan Chase & Co. now owns 4,366 shares of the bank’s stock valued at $111,000 after acquiring an additional 576 shares during the last quarter. Barclays PLC raised its stake in shares of Peoples Bancorp of North Carolina by 390.6% in the third quarter. Barclays PLC now owns 7,801 shares of the bank’s stock valued at $198,000 after acquiring an additional 6,211 shares during the last quarter. BNP Paribas Financial Markets raised 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 acquiring an additional 7,263 shares during the last quarter. De Lisle Partners LLP bought a new position in shares of Peoples Bancorp of North Carolina in the third quarter valued at approximately $545,000. Finally, Renaissance Technologies LLC raised its stake in shares of Peoples Bancorp of North Carolina by 6.8% in the second quarter. Renaissance Technologies LLC now owns 22,012 shares of the bank’s stock valued at $643,000 after acquiring an additional 1,400 shares during the last quarter. Institutional investors own 43.83% of the company’s stock.

About Peoples Bancorp of North Carolina

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.