Peoples Bancorp of North Carolina (NASDAQ:PEBK) Issues Earnings Results

Peoples Bancorp of North Carolina (NASDAQ:PEBK) posted its quarterly earnings results on Monday. The bank reported $1.21 EPS for the quarter, FiscalAI reports. Peoples Bancorp of North Carolina had a net margin of 15.11% and a return on equity of 11.91%. The business had revenue of $24.99 million during the quarter.

Peoples Bancorp of North Carolina Trading Down 3.3%

Shares of NASDAQ:PEBK traded down $1.20 during mid-day trading on Monday, reaching $35.69. The stock had a trading volume of 1,379 shares, compared to its average volume of 11,140. Peoples Bancorp of North Carolina has a twelve month low of $23.74 and a twelve month high of $38.46. 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 cap of $194.87 million, a PE ratio of 11.99 and a beta of 0.36. The firm has a 50 day simple moving average of $35.13 and a two-hundred day simple moving average of $31.91.

Peoples Bancorp of North Carolina Announces Dividend

The firm also recently declared a dividend, which will be paid on Friday, February 13th. Investors of record on Wednesday, February 4th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, February 4th. Peoples Bancorp of North Carolina’s payout ratio is 26.14%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Russell Investments Group Ltd. raised 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 during the 2nd quarter valued at $29,000. Advisory Services Network LLC bought a new position in Peoples Bancorp of North Carolina during the third quarter worth $45,000. BNP Paribas Financial Markets increased its holdings in shares of Peoples Bancorp of North Carolina by 28.1% in 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 last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Peoples Bancorp of North Carolina in the second quarter valued at about $63,000. 43.83% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on PEBK shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Peoples Bancorp of North Carolina in a research note on Thursday. Wall Street Zen raised shares of Peoples Bancorp of North Carolina to a “hold” rating in a research report on Saturday, December 20th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Peoples Bancorp of North Carolina Company Profile

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.