Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) Director James S. Abernethy sold 600 shares of the company’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $31.25, for a total value of $18,750.00. Following the completion of the sale, the director now directly owns 64,957 shares of the company’s stock, valued at $2,029,906.25. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Shares of Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) traded down $0.23 during mid-day trading on Wednesday, hitting $31.44. The stock had a trading volume of 3,843 shares, compared to its average volume of 14,278. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.88 and a quick ratio of 0.88. Peoples Bancorp of North Carolina, Inc. has a one year low of $21.61 and a one year high of $39.73.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Monday, December 4th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, December 1st. This is a boost from Peoples Bancorp of North Carolina’s previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.53%.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Wells Fargo & Company MN grew its position in shares of Peoples Bancorp of North Carolina by 9,043.6% in the 3rd quarter. Wells Fargo & Company MN now owns 9,235 shares of the bank’s stock valued at $329,000 after purchasing an additional 9,134 shares during the period. SG Americas Securities LLC acquired a new position in shares of Peoples Bancorp of North Carolina in the 3rd quarter valued at approximately $231,000. California State Teachers Retirement System acquired a new position in shares of Peoples Bancorp of North Carolina in the 2nd quarter valued at approximately $237,000. The Manufacturers Life Insurance Company acquired a new position in shares of Peoples Bancorp of North Carolina in the 2nd quarter valued at approximately $158,000. Finally, State Street Corp acquired a new position in shares of Peoples Bancorp of North Carolina in the 2nd quarter valued at approximately $1,366,000. Institutional investors and hedge funds own 30.48% of the company’s stock.

Separately, ValuEngine cut Peoples Bancorp of North Carolina from a “buy” rating to a “hold” rating in a research note on Friday, December 1st.

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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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