Peoples Bancorp of North Carolina (NASDAQ:PEBK) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Peoples Bancorp of North Carolina (NASDAQ:PEBKGet Rating) in a research note published on Saturday morning. The brokerage issued a buy rating on the bank’s stock.

Shares of Peoples Bancorp of North Carolina stock opened at $25.95 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $146.77 million, a P/E ratio of 10.26 and a beta of 0.76. The business has a fifty day simple moving average of $27.90 and a two-hundred day simple moving average of $28.09. Peoples Bancorp of North Carolina has a 12 month low of $24.50 and a 12 month high of $30.00.

In other news, Director James S. Abernethy sold 4,000 shares of Peoples Bancorp of North Carolina stock in a transaction dated Friday, May 20th. The stock was sold at an average price of $26.35, for a total value of $105,400.00. Following the completion of the transaction, the director now owns 46,820 shares of the company’s stock, valued at approximately $1,233,707. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO William D. Cable sold 7,700 shares of Peoples Bancorp of North Carolina stock in a transaction dated Tuesday, May 17th. The stock was sold at an average price of $26.05, for a total value of $200,585.00. Following the completion of the transaction, the chief operating officer now directly owns 19,914 shares of the company’s stock, valued at approximately $518,759.70. The disclosure for this sale can be found here. Company insiders own 18.61% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. raised its position in shares of Peoples Bancorp of North Carolina by 4.7% in the 4th quarter. BlackRock Inc. now owns 12,880 shares of the bank’s stock worth $355,000 after purchasing an additional 578 shares during the last quarter. State Street Corp increased its holdings in Peoples Bancorp of North Carolina by 6.2% in the 1st quarter. State Street Corp now owns 12,327 shares of the bank’s stock worth $354,000 after buying an additional 724 shares in the last quarter. Salem Investment Counselors Inc. increased its holdings in Peoples Bancorp of North Carolina by 100.0% in the 4th quarter. Salem Investment Counselors Inc. now owns 2,200 shares of the bank’s stock worth $61,000 after buying an additional 1,100 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Peoples Bancorp of North Carolina by 0.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 163,408 shares of the bank’s stock worth $4,690,000 after buying an additional 1,419 shares in the last quarter. Finally, Fourthstone LLC increased its holdings in Peoples Bancorp of North Carolina by 1.3% in the 1st quarter. Fourthstone LLC now owns 251,828 shares of the bank’s stock worth $7,227,000 after buying an additional 3,234 shares in the last quarter. 49.09% of the stock is owned by hedge funds and other institutional investors.

Peoples Bancorp of North Carolina Company Profile (Get Rating)

Peoples Bancorp of North Carolina, Inc operates as the bank holding company for Peoples Bank that provides various commercial and consumer banking products and services to individuals and small to medium-sized businesses. It offers checking, savings, money market, and time deposits; demand deposits; and certificates of deposit, as well as borrowed funds.

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