Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) Position Increased by BNP Paribas Financial Markets

BNP Paribas Financial Markets boosted its stake in shares of Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) by 985.5% in the third quarter, HoldingsChannel reports. The firm owned 8,000 shares of the bank’s stock after purchasing an additional 7,263 shares during the quarter. BNP Paribas Financial Markets’ holdings in Peoples Bancorp of North Carolina were worth $203,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Rhumbline Advisers acquired a new position in shares of Peoples Bancorp of North Carolina during the second quarter valued at $169,000. Bank of New York Mellon Corp bought a new stake in Peoples Bancorp of North Carolina in the 2nd quarter valued at about $388,000. Renaissance Technologies LLC boosted its stake 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 valued at $643,000 after purchasing an additional 1,400 shares during the period. Empowered Funds LLC grew its position in 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 worth $769,000 after purchasing an additional 1,474 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of 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 valued at $4,281,000 after purchasing an additional 734 shares during the period. 43.83% of the stock is currently owned by institutional investors.

Peoples Bancorp of North Carolina Stock Up 1.2 %

Shares of Peoples Bancorp of North Carolina stock opened at $32.41 on Tuesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.81 and a quick ratio of 0.81. Peoples Bancorp of North Carolina, Inc. has a 1-year low of $23.74 and a 1-year high of $33.31. The business’s fifty day moving average price is $28.46 and its two-hundred day moving average price is $28.62. The company has a market capitalization of $176.89 million, a P/E ratio of 10.99 and a beta of 0.63.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last released its earnings results 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 firm had revenue of $20.64 million for the quarter.

Peoples Bancorp of North Carolina Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Tuesday, December 3rd were issued a $0.19 dividend. The ex-dividend date was Tuesday, December 3rd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.34%. Peoples Bancorp of North Carolina’s payout ratio is currently 25.76%.

Insider Activity at Peoples Bancorp of North Carolina

In other Peoples Bancorp of North Carolina news, Director James S. Abernethy sold 1,000 shares of the business’s 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 owns 73,976 shares in the company, valued at approximately $2,220,759.52. The trade was a 1.33 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 3,500 shares of company stock valued at $100,180 over the last ninety days. Insiders own 16.94% 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.