Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) Director James S. Abernethy sold 1,000 shares of the business’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $30.13, for a total transaction of $30,130.00. Following the completion of the sale, the director now owns 65,557 shares in the company, valued at approximately $1,975,232.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Peoples Bancorp of North Carolina, Inc. (NASDAQ PEBK) traded up 0.93% during midday trading on Thursday, reaching $30.39. 24,707 shares of the company traded hands. The firm has a market capitalization of $165.63 million, a PE ratio of 19.13 and a beta of 0.52. The stock has a 50 day moving average price of $30.93 and a 200 day moving average price of $29.68. Peoples Bancorp of North Carolina, Inc. has a 1-year low of $19.80 and a 1-year high of $39.73.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last posted its quarterly earnings data on Monday, July 24th. The bank reported $0.51 EPS for the quarter. Peoples Bancorp of North Carolina had a return on equity of 7.93% and a net margin of 16.28%. The firm had revenue of $13.12 million during the quarter. Analysts expect that Peoples Bancorp of North Carolina, Inc. will post $0.33 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Tuesday, September 5th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend is Thursday, August 31st.

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A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its stake in Peoples Bancorp of North Carolina by 3.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 110,361 shares of the bank’s stock valued at $3,487,000 after purchasing an additional 3,798 shares during the last quarter. New York State Common Retirement Fund acquired a new position in Peoples Bancorp of North Carolina in the 2nd quarter valued at $142,000. The Manufacturers Life Insurance Company acquired a new position in Peoples Bancorp of North Carolina in the 2nd quarter valued at $158,000. Teachers Advisors LLC acquired a new position in Peoples Bancorp of North Carolina in the 2nd quarter valued at $235,000. Finally, California State Teachers Retirement System acquired a new position in Peoples Bancorp of North Carolina in the 2nd quarter valued at $237,000. 30.36% of the stock is owned by hedge funds and other institutional investors.

Separately, ValuEngine upgraded shares of Peoples Bancorp of North Carolina from a “hold” rating to a “buy” rating in a research report on Saturday, June 3rd.

Peoples Bancorp of North Carolina Company Profile

Peoples Bancorp of North Carolina, Inc is a holding company for Peoples Bank (the Bank). The Bank is a state-chartered commercial bank, which serves the citizens and business interests of the Catawba Valley and surrounding communities. The Bank has approximately 20 banking offices located in Lincolnton, Newton, Denver, Catawba, Conover, Maiden, Claremont, Hiddenite, Hickory, Charlotte, Monroe, Cornelius, Mooresville Raleigh and North Carolina.

Insider Buying and Selling by Quarter for Peoples Bancorp of North Carolina (NASDAQ:PEBK)

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