Peoples Bancorp of North Carolina (NASDAQ:PEBK) Downgraded to “Hold” at StockNews.com

Peoples Bancorp of North Carolina (NASDAQ:PEBK) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Friday.

Peoples Bancorp of North Carolina Trading Up 0.6 %

Shares of Peoples Bancorp of North Carolina stock opened at $30.99 on Friday. The firm has a market cap of $169.21 million, a price-to-earnings ratio of 10.58 and a beta of 0.60. The business has a 50-day moving average price of $27.69 and a 200-day moving average price of $27.16. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.13. Peoples Bancorp of North Carolina has a twelve month low of $16.35 and a twelve month high of $31.59.

Insider Activity

In other news, Director James S. Abernethy sold 3,000 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $24.50, for a total transaction of $73,500.00. Following the completion of the transaction, the director now owns 83,706 shares in the company, valued at $2,050,797. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 16.94% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Peoples Bancorp of North Carolina stock. AMG National Trust Bank increased its stake in Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) by 12.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,245 shares of the bank’s stock after acquiring an additional 3,993 shares during the period. AMG National Trust Bank owned approximately 0.67% of Peoples Bancorp of North Carolina worth $1,124,000 as of its most recent SEC filing. 43.83% of the stock is currently owned by hedge funds and other institutional investors.

Peoples Bancorp of North Carolina Company Profile

Peoples Bancorp of North Carolina, Inc operates as the bank holding company for Peoples Bank that provides various banking products and services for individuals and small-to medium-sized businesses. It offers checking, savings, money market, and retirement accounts; certificates of deposits; and credit and debit cards.