Peoples Bancorp of North Carolina (NASDAQ:PEBK) Share Price Passes Above 200-Day Moving Average – Here’s Why

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $32.10 and traded as high as $36.97. Peoples Bancorp of North Carolina shares last traded at $36.63, with a volume of 29,480 shares.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on PEBK shares. Wall Street Zen upgraded Peoples Bancorp of North Carolina to a “hold” rating in a research note on Saturday, December 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Peoples Bancorp of North Carolina in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold”.

Peoples Bancorp of North Carolina Trading Up 1.5%

The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $200.00 million, a price-to-earnings ratio of 10.12 and a beta of 0.36. The firm’s 50-day moving average is $35.71 and its 200 day moving average is $32.10.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last released its quarterly earnings results on Monday, January 26th. The bank reported $1.21 earnings per share (EPS) for the quarter. The firm had revenue of $24.99 million during the quarter. Peoples Bancorp of North Carolina had a net margin of 17.30% and a return on equity of 13.77%.

Peoples Bancorp of North Carolina Announces Dividend

The business also recently disclosed an annual dividend, which will be paid on Friday, February 13th. Investors of record on Wednesday, February 4th will be paid a $0.17 dividend. This represents a dividend yield of 47.0%. The ex-dividend date of this dividend is Wednesday, February 4th. Peoples Bancorp of North Carolina’s payout ratio is currently 22.10%.

Hedge Funds Weigh In On Peoples Bancorp of North Carolina

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. lifted its stake in Peoples Bancorp of North Carolina by 116.7% in the third quarter. Russell Investments Group Ltd. now owns 932 shares of the bank’s stock valued at $29,000 after buying an additional 502 shares during the period. Police & Firemen s Retirement System of New Jersey acquired a new stake in Peoples Bancorp of North Carolina in the second quarter worth $29,000. Advisory Services Network LLC bought a new stake in Peoples Bancorp of North Carolina in the third quarter valued at $45,000. BNP Paribas Financial Markets raised its holdings in shares of Peoples Bancorp of North Carolina by 28.1% during the third quarter. BNP Paribas Financial Markets now owns 1,600 shares of the bank’s stock valued at $49,000 after purchasing an additional 351 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of Peoples Bancorp of North Carolina during the second quarter valued at about $63,000. Institutional investors and hedge funds own 43.83% of the company’s stock.

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.