Billy Dr Price, Jr. Purchases 400 Shares of Peoples Bancorp of North Carolina (NASDAQ:PEBK) Stock

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) Director Billy Dr Price, Jr. bought 400 shares of the firm’s stock in a transaction that occurred on Thursday, August 27th. The shares were purchased at an average cost of $43.00 per share, with a total value of $17,200.00. Following the acquisition, the director directly owned 15,244 shares of the company’s stock, valued at approximately $655,492. This trade represents a 2.69% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Peoples Bancorp of North Carolina Price Performance

Shares of NASDAQ PEBK opened at $43.80 on Friday. The business’s 50 day moving average price is $43.31 and its 200 day moving average price is $41.27. The firm has a market cap of $239.24 million, a P/E ratio of 12.03 and a beta of 0.29. Peoples Bancorp of North Carolina, Inc. has a 52 week low of $27.33 and a 52 week high of $45.78. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.10.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last posted its quarterly earnings results on Monday, July 20th. The bank reported $0.96 earnings per share (EPS) for the quarter. Peoples Bancorp of North Carolina had a net margin of 17.25% and a return on equity of 12.75%. The company had revenue of $23.11 million during the quarter.

Peoples Bancorp of North Carolina Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Thursday, September 3rd will be paid a $0.21 dividend. The ex-dividend date is Thursday, September 3rd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.9%. Peoples Bancorp of North Carolina’s dividend payout ratio is presently 23.08%.

Hedge Funds Weigh In On Peoples Bancorp of North Carolina

Institutional investors have recently made changes to their positions in the company. Russell Investments Group Ltd. boosted its holdings in Peoples Bancorp of North Carolina by 116.7% during the third quarter. Russell Investments Group Ltd. now owns 932 shares of the bank’s stock worth $29,000 after buying an additional 502 shares in the last quarter. Advisory Services Network LLC purchased a new position in Peoples Bancorp of North Carolina in the third quarter valued at $45,000. BNP Paribas Financial Markets raised its position 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 worth $49,000 after acquiring an additional 351 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Peoples Bancorp of North Carolina in the second quarter worth about $63,000. Finally, MetLife Investment Management LLC acquired a new position in shares of Peoples Bancorp of North Carolina in the fourth quarter worth about $88,000. 43.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Peoples Bancorp of North Carolina from a “buy (b)” rating to a “buy (b+)” rating in a research report on Tuesday, August 4th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, Peoples Bancorp of North Carolina has a consensus rating of “Buy”.

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.