Peoples Bancorp of North Carolina (NASDAQ:PEBK) Share Price Crosses Above Fifty Day Moving Average – What’s Next?

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $32.82 and traded as high as $37.00. Peoples Bancorp of North Carolina shares last traded at $36.71, with a volume of 7,795 shares.

Analysts Set New Price Targets

PEBK has been the topic of several research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Peoples Bancorp of North Carolina in a research report on Wednesday, October 8th. Wall Street Zen upgraded Peoples Bancorp of North Carolina to a “hold” rating in a research note on Saturday, December 20th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Peoples Bancorp of North Carolina has an average rating of “Hold”.

Peoples Bancorp of North Carolina Price Performance

The firm has a market capitalization of $200.44 million, a PE ratio of 12.00 and a beta of 0.35. The firm’s fifty day moving average price is $32.82 and its 200 day moving average price is $30.93. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.10.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last posted its earnings results on Monday, October 20th. The bank reported $0.67 earnings per share (EPS) for the quarter. Peoples Bancorp of North Carolina had a net margin of 15.11% and a return on equity of 11.91%. The company had revenue of $22.25 million during the quarter.

Peoples Bancorp of North Carolina Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Wednesday, December 3rd were paid a $0.20 dividend. The ex-dividend date was Wednesday, December 3rd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.2%. Peoples Bancorp of North Carolina’s dividend payout ratio is presently 26.14%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its holdings in Peoples Bancorp of North Carolina by 0.5% in the third quarter. Dimensional Fund Advisors LP now owns 157,281 shares of the bank’s stock valued at $4,822,000 after acquiring an additional 794 shares during the period. Geode Capital Management LLC increased its holdings in shares of Peoples Bancorp of North Carolina by 0.5% during the 2nd quarter. Geode Capital Management LLC now owns 109,401 shares of the bank’s stock valued at $3,157,000 after purchasing an additional 530 shares in the last quarter. Maltese Capital Management LLC lifted its stake in shares of Peoples Bancorp of North Carolina by 9.7% in the 3rd quarter. Maltese Capital Management LLC now owns 49,346 shares of the bank’s stock valued at $1,513,000 after purchasing an additional 4,346 shares during the period. Fourthstone LLC boosted its holdings in Peoples Bancorp of North Carolina by 115.2% during the second quarter. Fourthstone LLC now owns 35,162 shares of the bank’s stock worth $1,014,000 after buying an additional 18,825 shares in the last quarter. Finally, Empowered Funds LLC boosted its holdings in Peoples Bancorp of North Carolina by 7.1% during the first quarter. Empowered Funds LLC now owns 34,009 shares of the bank’s stock worth $926,000 after buying an additional 2,244 shares in the last quarter. 43.83% of the stock is currently owned by hedge funds and other institutional investors.

About Peoples Bancorp of North Carolina

Peoples Bancorp of North Carolina, Inc is a bank holding company headquartered in Hickory, North Carolina, that operates through its wholly owned subsidiary, Peoples Bank. The company provides a comprehensive suite of banking and financial services tailored to individuals, small businesses, and municipal clients in the western region of North Carolina.

Through its community banking network, Peoples Bancorp offers deposit products such as checking, savings, money market accounts and certificates of deposit, alongside consumer and commercial lending solutions.