Insider Selling: Peoples Bancorp of North Carolina, Inc. (PEBK) Director Sells 1,000 Shares of Stock

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) Director James S. Abernethy sold 1,000 shares of the company’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $31.01, for a total transaction of $31,010.00. Following the transaction, the director now owns 64,157 shares of the company’s stock, valued at $1,989,508.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of Peoples Bancorp of North Carolina, Inc. (PEBK) traded down $0.94 during trading hours on Monday, hitting $30.56. 3,368 shares of the stock traded hands, compared to its average volume of 3,440. 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 52 week low of $21.61 and a 52 week high of $39.73.

Separately, ValuEngine downgraded shares of Peoples Bancorp of North Carolina from a “buy” rating to a “hold” rating in a report on Friday, December 1st.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. New York State Common Retirement Fund acquired a new stake in Peoples Bancorp of North Carolina in the second quarter valued at $142,000. The Manufacturers Life Insurance Company acquired a new stake in Peoples Bancorp of North Carolina in the second quarter valued at $158,000. SG Americas Securities LLC acquired a new stake in Peoples Bancorp of North Carolina in the third quarter valued at $231,000. Teachers Advisors LLC acquired a new stake in Peoples Bancorp of North Carolina in the second quarter valued at $235,000. Finally, California State Teachers Retirement System acquired a new stake in Peoples Bancorp of North Carolina in the second quarter valued at $237,000. Institutional investors and hedge funds own 27.65% of the company’s stock.

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About Peoples Bancorp of North Carolina

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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